|


|
|

The New York State Teachers' Retirement System
The New
York State Teachers' Retirement System was established in 1921 by an
act of the State Legislature. It is the second largest of eight public
retirement systems in New York State. The sole purpose of the Teachers'
Retirement System is to administer the fund from which public school
teachers and administrators (employed outside New York City) receive
retirement and ancillary benefits.
It is a defined benefit plan which specifies a guaranteed monthly benefit - typically
based on a member's final average salary and service.
More than 300 full-time employees
are responsible for its day-to-day administration and operation. Total
membership is approximately 326,000, consisting of 225,000 active
members and 101,000 retired members and beneficiaries who receive
monthly retirement payments.
The
Nassau Regional office of NYSUT offers assistance with retirement
planning. Hank Sessa is the NYSUT TRS consultant. He can be reached at (516)
921-2909.
The New York State Employees' Retirement System
The
New York State Employees' Retirement System is the largest public
retirement system in New York State. Comptroller H. Carl McCall is the
administrative head and sole trustee of the system, which represents
almost 900,000 members and retirees. School Nurses are members of this
system.
The Nassau Regional office of NYSUT
offers assistance with retirement planning. Patti Lennon is the ERS
consultant. She can be reached at (516) 496-2035.
The OMNI Group
The OMNI Group oversees the district's 403(b)
tax-deferred annuity program. Click
here to visit them online.
|