New Your State School Boards Association

News Releases

Statement of NYSSBA Executive Director Timothy G. Kremer on Graduation Rates

FOR RELEASE: December 18, 2014

CONTACT: David Albert
(518) 783-3716 or (518) 320-2221
On Twitter: @nyschoolboards

While this year’s graduation rates show incremental progress from a year ago, we are discouraged by the fact that nearly one-quarter of students still do not graduate within four years.

In addition, we remain concerned by persistent achievement gaps based on race, ethnicity and wealth.

The state has now raised the bar for students. It’s not enough just to graduate on time. Students today must also be prepared to excel in college and the workforce. Based on this new measure, we find the percentage of graduates who meet college and career readiness criteria in English language arts and math wholly inadequate.

As the educational leaders of their districts, school boards are in the unique position to establish ambitious goals for their students, allocate the resources and supports necessary for students to be successful, and be held accountable for results.

Together, with hard work and dedication, we can make strides in increasing the academic achievement of our children.

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Solid investment returns at TRS

On Board Online • December 15, 2014

By R. Michael Kraus
NYSTRS Board President

Six years ago, investors experienced the most severe global financial crisis since the Great Depression. All investment portfolios were impacted by this sharp downturn, and the one managed by the New York State Teachers' Retirement System (TRS) was no exception.

Today, I am proud to say that TRS weathered the financial storm well and that the system's funded status remained strong throughout the turbulent times. With a funded ratio of over 90 percent, NYSTRS is one of the best-funded public pension plans in the nation.

At fiscal year-end, the system's total assets were a record $108.4 billion. This growth was largely attributable to a five-year average rate of return on our investments of 13.8 percent net of fees since the 2009-10 fiscal year, far exceeding our assumed rate of return of 8 percent. Investment returns have accounted for almost 87 percent of NYSTRS income over the last 20 years.

Employers received more good news in November 2014, when NYSTRS announced the employer contribution rate for 2015-16 school year salaries will decline from 17.53 percent to between 13 percent and 13.5 percent.

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Call for Nominations: Advocate of the Year

Do you know of a fellow board member who is a "go to" leader and a school board advocate? Is there a board of education you particularly admire for their work to collectively secure outcomes with policymakers? Nominate that board member or a full board for the “NYSSBA Advocate of the Year” award!

Nominations must be received by December 23, 2014 to be considered. Honorees will be recognized at NYSSBA’s Capital Conference, which will be held in Albany on March 15 and 16, 2015.


Daily Clips

Capital New York
Cuomo: 'Safety net' won't fix teacher rating system

The Journal News
Regents: Immigration status irrelevant at enrollment

Flu patients fill LI emergency rooms, cause many absences at schools, health officials say

Here are the top education stories found in today's NYSSBA e-Clips. If you're a NYSSBA member, you can subscribe to e-Clips to receive education news from over 26 newspapers each day.Sign-up TODAY!

Upcoming Events

Winter Law Conference - Navigating Section 3020-A - Long Island
Date: January 14, 2015
Time: 8:00 am - 2:30 pm
Webinar - Transgender Students in 21st Century Schools
Date: January 21, 2015
Time: 12:00 pm - 1:30 pm
NYSSBA - 96th Annual Convention & Education Expo - New York City
Date: October 18 - 20, 2015
More Events>>

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