NYSTRS

NYSTRS stands for the New York State Teachers' Retirement System, which is a public pension fund that provides retirement benefits to eligible teachers and educators in New York State. It collects contributions from members and invests those funds to generate returns, ensuring they can pay out retirement benefits when members retire. Membership typically starts with career employment in public education, and benefits are based on years of service and salary. NYSTRS helps secure financial stability for educators after their careers, offering retirement, disability, and death benefits as part of their comprehensive pension plan.