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We are still standing for Members after 100 years

Colleagues: Staff, Trustees, Members, Retirees, and supporters in NYC Agencies, we celebrate the 100th Anniversary of the creation of the New York City Board of Education Retirement System. Think of the things that have occurred during this period: wars, disasters, improvements in healthcare and technologies, and a PANDEMIC! We have survived, thrived, and provided for the retirement and financial security of thousands of New York City employees. You are a part of that history and a bright future. I would like you to join me to take a few minutes to consider the importance of your contributions every day you are part of the system. We are still standing after 100 years and will continue to work for Members and Retirees as the years accumulate towards our next 100 years.

Thank you for what you do,

Sanford “Sandy” Rich
Executive Director

BERS Timeline

Join us for a review of BERS through the last 100 years. Please view the BERS timeline using this link: BERS Timeline

About BERS

The New York City Board of Education Retirement System (BERS) was founded on August 31, 1921 to provide retirement benefits for civil service employees permanently employed by the City and School District of New York other than those who may retire under the provisions of other retirement laws. BERS has since expanded to include other employees, such as provisional and part-time employees of the Department of Education (DOE) and other covered employers.  

BERS is one of the largest multi-employer, multi-tiered retirement systems in the United States. Our members are employed in such agencies as the Department of Education, the School Construction Authority, the Police Department and the Transit Authority. BERS currently provides retirement benefits to members in five (5) tiers. The Retirement System benefits exist to provide financial security for our members and their beneficiaries both during and after employment ends.

Beyond retirement benefits, BERS also offers a tax-deferred annuity program established under the guideline of section 403(b) of the Internal Revenue Code. This program gives members the opportunity to invest additional savings on a pre-tax basis.