|Statement of NYSSBA Executive Director Timothy G. Kremer on Graduation Rates|
FOR RELEASE: December 18, 2014
CONTACT: David Albert
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.
Together, with hard work and dedication, we can make strides in increasing the academic achievement of our children.Read the entire news release>>
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On Board Online • December 15, 2014
By R. Michael Kraus
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.Read the entire article>>
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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.
Capital New York
Cuomo: 'Safety net' won't fix teacher rating system
The Journal News
Regents: Immigration status irrelevant at enrollment
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