New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5018 - Actuarial Assumptions
Section 5018.1 - Valuation rate of interest, salary scale and COLA assumptions
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5018.1
Current through Register Vol. 46, No. 12, March 20, 2024
For the purpose of performing the annual valuation of the Retirement System, the valuation rate of interest shall be 7.25 percent, the assumed rate of COLA increase shall be 1.50 percent, and the salary scale assumption shall be as follows:
Salary Scale
| Duration | Rate | Duration | Rate |
| 1 | 1.1000 | 21 | 1.0272 |
| 2 | 1.0700 | 22 | 1.0263 |
| 3 | 1.0606 | 23 | 1.0254 |
| 4 | 1.0522 | 24 | 1.0245 |
| 5 | 1.0472 | 25 | 1.0237 |
| 6 | 1.0445 | 26 | 1.0229 |
| 7 | 1.0431 | 27 | 1.0222 |
| 8 | 1.0422 | 28 | 1.0215 |
| 9 | 1.0415 | 29 | 1.0210 |
| 10 | 1.0407 | 30 | 1.0206 |
| 11 | 1.0398 | 31 | 1.0202 |
| 12 | 1.0387 | 32 | 1.0200 |
| 13 | 1.0375 | 33 | 1.0195 |
| 14 | 1.0361 | 34 | 1.0193 |
| 15 | 1.0346 | 35 | 1.0190 |
| 16 | 1.0331 | 36 | 1.0186 |
| 17 | 1.0317 | 37 | 1.0180 |
| 18 | 1.0304 | 38 | 1.0176 |
| 19 | 1.0293 | 39 | 1.0176 |
| 20 | 1.0282 |
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