Average pension benefits paid to newly retired public educators in New York City rose again in 2020, according to data posted today at SeeThroughNY.net for New York City Teachers’ Retirement System (NYCTRS).
The pension benefits collected by 969 teachers, college instructors, and school administrators who retired in 2019 with at least 30 years of service credit and received a full year of pension benefits in 2020 averaged $75,212.
NYCTRS paid six-figure pension benefits to 3,708 retired New York City teachers. Of those retirees collecting more than $100,000, 104 retired during the 2019 calendar year.
Author(s): press release
Publication Date: 11 February 2021
Publication Site: Empire Center for Public Policy