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These assets are overseen by the New York State Comptroller's office and are held on behalf of more than one million members of the New York State and Local Retirement Systems (NYSLRS). As of March 31, 2018, its one-year return was 11.35%, however its 10-year return was 6.4%. In 2017, the fund was able to cover about 95% of the benefits it paid ...
The New York City Board of Education Retirement System (BERS) was founded on August 31, 1921. The benefits that BERS provides include service retirement benefits, disability retirement benefits, death benefits, and a Tax-Deferred Annuity (TDA) program.
In the 1980s, US corporations began reducing training and other benefits for employees. The prevalence of employee education benefits programs was further reduced during the Great Recession, from 61 percent of companies surveyed in 2008 to 51 percent in 2018. [10] In 2021, a refound popularity among large employers has been met with skepticism.
In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19
Thus BOCES has developed from a special-purpose, interim agency into a formally recognized middle or intermediate unit in New York State's public education system. There are currently 37 BOCES incorporating all but 9 of the 697 school districts in New York State. Moreover, other states have moved toward regional educational configurations like ...
New York State United Teachers (NYSUT) is a 600,000-member New York state teachers union, affiliated since 2006 with the American Federation of Teachers (AFT), the AFL–CIO, and the National Education Association (NEA). NYSUT is an umbrella group which provides services to local affiliates in New York state; lobbies on the local, state and ...
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The Council of School Supervisors & Administrators (CSA) is a New York City based collective bargaining unit for principals, assistant principals, supervisors and education administrators who work in the New York City public schools and directors and assistant directors who work in city-funded day care. It was founded in 1962 as the Council of ...