The NYS Teachers’ Retirement System released Administrative Bulletin 2018-9 which provides preliminary results from the June 30, 2018 actuarial valuation for the 2019-20 employer contribution rate (ECR). The 2019-20 ECR is expected to be between 8.50% and 9.50% of NYSTRS member salaries and will be collected in the fall of 2020. The bulletin states that an Administrative Bulletin with a more precise estimate of the employer contribution rate will be provided in February 2019. You can access the current bulletin at: https://www.nystrs.org/Employers/Administrative-Bulletins/2018-Bulletins/bull2018-9.
An ECR of 10.62% is applicable for member salaries during this current 2018-19 fiscal year and will be collected in the fall of 2019. Since the anticipated rate for 2019-20 is expected to be between 8.50% and 9.50%, there will be no TRS exclusion as part of the 2019-20 property tax cap calculation, as exclusions only apply when the average contribution rate increases by more than two percentage points.
