518-A – Supplemental Retirement Allowance Fund.
§ 518-a. Supplemental retirement allowance fund. The supplemental retirement allowance fund shall be the fund from which shall be paid the supplemental retirement allowances provided by section five hundred thirty-two of this article.
519 – Expense Fund.
§ 519. Expense fund. The expense fund shall be the fund from which the expense of the administration of the retirement system shall be paid exclusive of amounts payable as retirement allowances and as other benefits provided herein. Contributions shall be made to the expense fund as follows: 1. The retirement board shall determine the […]
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.
508-A – New York State Teachers’ Retirement System Mwbe Asset Management and Financial Institution Strategy.
§ 508-a. New York state teachers’ retirement system MWBE asset management and financial institution strategy. 1. Within the discretion of the retirement board and in accordance with and subject to its fiduciary duties and obligations as trustees of the teachers retirement system and to the members, retirees and beneficiaries of such system and such other […]
509 – Statements of Teachers’ Service; Determination of Service Creditable; Service Certificates.
§ 509. Statements of teachers’ service; determination of service creditable; service certificates. 1. Under such rules and regulations as the retirement board shall adopt, each present teacher shall file a detailed statement of all service as a teacher and service in a similar capacity in other states rendered by him prior to the first day […]
510 – Superannuation Retirement.
§ 510. Superannuation retirement. 1. Retirement upon a superannuation allowance shall be made under the following conditions: a. A member who has completed twenty-five years of total credited service and who has attained the age of sixty years or over while in service, or any member who has completed thirty-five years of total credited service […]
511 – Disability Retirement.
§ 511. Disability retirement. 1. Retirement on account of disability shall be made under the following conditions: A member who has completed at least fifteen years of total state service or a member who is a present teacher and who has completed twenty years of service, the last ten of which were state service, may […]