The NYS Teachers’ Retirement System released Administrative Bulletin 2017-11 which provides preliminary results from the June 30, 2017 actuarial valuation for the 2018-19 employer contribution rate (ECR).  The 2018-19 ECR is expected to be between 10.50% and 11.00% of NYSTRS member salaries and will be collected in the fall of 2019.  The bulletin states that an Administrative Bulletin with a more precise estimate of the employer contribution rate will be provided in February 2018.  You can access the current bulletin at: https://nystrs.org/Employers/Administrative-Bulletins/2017-Bulletins/bull2017-11.

An ECR of 9.8% is applicable for member salaries during this current 2017-18 fiscal year and will be collected in the fall of 2018.  Since the anticipated rate for 2018-19 is expected to be between 10.50% and 11.00%, there will be no TRS exclusion as part of the 2018-19 property tax cap calculation, as exclusions only apply when the average contribution rate increases by more than two percentage points.