528 – Pensions-Providing-for-Increased-Take-Home-Pay.
§ 528. Pensions-providing-for-increased-take-home-pay. 1. Notwithstanding any other provision of law to the contrary, a. beginning with the payroll period the first day of which is nearest to April first, nineteen hundred sixty, and ending with the payroll period immediately prior to that the first day of which is nearest to April first, nineteen hundred seventy, […]
529 – Pensions Providing for Increased Take Home Pay for Certain Teachers.
§ 529. Pensions providing for increased take home pay for certain teachers. Notwithstanding any other provisions of law to the contrary, beginning with the payroll period the first day of which is nearest to April first, nineteen hundred sixty-one and ending with the payroll period immediately prior to that the first day of which is […]
530 – Pensions-Providing-for-Increased-Take-Home-Pay-for-Teachers.
§ 530. Pensions-providing-for-increased-take-home-pay-for-teachers. 1. Notwithstanding any other provision of law to the contrary, a. beginning on the first day of July, nineteen hundred sixty-five, and ending on the thirtieth day of June, nineteen hundred seventy, the contribution of each member of the retirement system who is a teacher within the provisions of subdivision four of […]
531 – Abandonment of Unclaimed Contributions or Other Benefits; Transfer to the Pension Accumulation Fund.
§ 531. Abandonment of unclaimed contributions or other benefits; transfer to the pension accumulation fund. 1. Except as otherwise specifically provided by this article, after at least seven years have elapsed since the member or contributor withdrew from service or ceased to be a teacher for any cause other than death or retirement or seven […]
532 – Supplemental Retirement Allowance.
§ 532. Supplemental retirement allowance. a. A supplemental retirement allowance shall be paid to pensioners who have retired from the retirement system prior to the calendar year nineteen hundred ninety-four. Such supplemental retirement allowance shall be payable on the basis provided for herein, commencing with a payment for the month of September, nineteen hundred ninety-nine […]
532-A – Cost-of-Living Adjustment.
§ 532-a. Cost-of-living adjustment. a. A cost-of-living adjustment shall be payable on the basis provided for in this section to: (i) all pensioners who have attained age sixty-two and have been retired for five years; (ii) all pensioners who have attained age fifty-five and have been retired for ten years; (iii) all disability pensioners regardless […]
520 – Duties of Employer.
§ 520. Duties of employer. 1. Each employer shall keep such records and from time to time shall furnish such information as the retirement board in the discharge of its duties may require. 2. a. Upon the employment of any teacher to whom this article may apply, he shall be informed by his employer of […]
521 – Collection of Contributions.
§ 521. Collection of contributions. 1. The collection of members’ contributions shall be as follows: a. Each employer shall cause to be deducted on each and every payroll of a contributor for each and every payroll period, the contribution payable by such contributor as provided in this article. Each employer shall certify to the treasurer […]
522 – Transfer of Contributions Between Retirement Systems.
§ 522. Transfer of contributions between retirement systems. 1. Any contributor, withdrawing from the retirement system and at such time giving notice to the retirement board of his intention of becoming within two years a member of another teachers’ retirement system which is being operated on an actuarial basis either under the laws of this […]
523 – State Supervision.
§ 523. State supervision. The operation of the retirement system shall be subject to the supervision of the state department of financial services.