The New York State Common Retirement Fund (the Fund) holds and invests the money used to pay NYSLRS benefits. As a participating employer, your annual employer contributions help ensure future retirement benefits can be paid. To calculate your annual invoice and bill you for a portion of the cost of your employees’ benefits, contribution rates are announced annually for the next State fiscal year's invoice, due approximately 18 months later.

The following pages will explain the Fund’s sources of income, your annual employer contributions and how contribution rates are determined.

Rev. 9/25