535 – Career Retirement Plan.
§ 535. Career retirement plan. 1. Any other provision of law to the contrary notwithstanding, on or after July first, nineteen hundred seventy a member may retire pursuant to the provisions of this section when, a. he has credit for thirty-five or more years of total service, or b. he has attained age fifty-five or […]
536 – Deductions From Benefits of Certain Retired Members.
§ 536. Deductions from benefits of certain retired members. 1. Notwithstanding any other provision of law, a pensioner who is retired from the retirement system shall have the right, at any time after such pensioner’s retirement, to execute and file a deduction authorization card with the retirement board authorizing the deduction from such pensioner’s retirement […]
537 – Lump Sum Payment of De Minimis Service Retirement Benefit.
§ 537. Lump sum payment of de minimis service retirement benefit. Notwithstanding any other law to the contrary, a member of the retirement system who is entitled to receive a retirement allowance, other than for disability, pursuant to this article or pursuant to article eleven or fifteen of the retirement and social security law, which […]
538 – Excess Benefit Plan.
§ 538. Excess benefit plan. Notwithstanding any other law to the contrary, the retirement board is authorized in its sole discretion to establish a qualified governmental excess benefit arrangement within the meaning of, in conformity with and then only to the extent and so long as permitted by subsection m of section four hundred fifteen […]
539 – Certain Actions by Retiring Members.
§ 539. Certain actions by retiring members. 1. Notwithstanding any law to the contrary, this section shall apply to any member of the system who is otherwise eligible to retire pursuant to the provisions of this article or pursuant to article fourteen or fifteen of the retirement and social security law. 2. Subject to the […]
533 – Non-Contributory Retirement Plan.
§ 533. Non-contributory retirement plan. a. Any other provision of law to the contrary notwithstanding, no further contributions to the retirement system, as provided in sections five hundred eleven-a or five hundred sixteen of this article, shall be required of any member. b. Contributions shall be made to the pension accumulation fund, as provided in […]
524 – Exemption From Taxation and Execution.
§ 524. Exemption from taxation and execution. The right of a teacher to a pension, an annuity, or a retirement allowance, to the return of contributions, any benefit or right accrued or accruing to any person under the provisions of this article, and the moneys in the various funds created hereunder, are hereby exempt from […]
525 – Protection Against Fraud.
§ 525. Protection against fraud. 1. Any person who shall knowingly make any false statement, or shall falsify or permit to be falsified any record or records of this retirement system in any attempt to defraud such system as a result of such act, shall be guilty of a misdemeanor, and shall be punishable therefor […]
526 – Merger of Local Teachers’ Retirement and Pension Systems With the State System.
§ 526. Merger of local teachers’ retirement and pension systems with the state system. 1. On April ninth, nineteen hundred twenty-three, the public school teachers’ retirement fund or system or the teachers retirement or pension system of every city of the state having a population of less than one million, created, established or maintained under […]
527 – .
§ 527. Notwithstanding any other provision of law to the contrary the retirement board shall determine the annuity payable as of the date of retirement to each member of the system retired prior to the twenty-eighth day of August, nineteen hundred fifty-eight, on the basis of the mortality tables in force either on the first […]