Teachers, principals, superintendents and other public school employees in the Capital Region who retired last year with at least 30 years of service earned an average pension of $60,466, according to new data from the Empire Center. Read More
Pensions averaged $67,476 for teachers and other professionals who retired in 2014-15 after working at least 30 years in New York State public schools, according to data posted today on SeeThroughNY, the Empire Center’s transparency website. Read More
State Comptroller Thomas DiNapoli has officially confirmed what federal inflation statistics were already telegraphing: New York's statutory cap on local school property tax levies will be just a hair above zero for 2016-17 school year budgets, which will be submitted for voter approval in May. Read More
Fifty-seven Long Island educators ranked among the 100 highest-paid employees in the state's public schools and colleges during the 2014-15 academic year, according to the latest compensation figures from the New York State Teachers' Retirement System. Read More
The New York State Teachers' Retirement System (NYSTRS) earned only 5.2 percent on its investments—well short of its assumed rate of 8 percent—during the fiscal year ending last June 30. But taxpayer contributions to NYSTRS, already due to drop by more than four full percentage points of covered payroll in school year 2015-16, nonetheless are projected by the system actuary to decrease by a little bit more (up to 1.76 percentage points) in 2016-17. Read More
The state Teachers Retirement System has officially announced it will lower the pension tab for the state’s nearly 700 school districts amid criticism that the fund has an expected rate of return that is too lofty. Read More
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