N.Y. Education Law § 6214: Retirement systems

§ 6214. Retirement systems. 1. All members of teaching and

administrative staffs in any educational unit established by the board

of trustees, and in any other institution administered and controlled by

such board, who are not members of any other retirement system supported

in whole or in part by the city of New York and who hold appointment to

service on annual salaries, shall, upon appointment, become members of

the public school teachers' retirement system of such city if eligible

therefor and if not eligible therefor shall become members of the

employees' retirement system of such city and shall have all the

obligations, rights, privileges and benefits of new entrants.

2. An employee of the board of trustees who is a member of the New

York city employees' retirement system and who is also eligible for

membership in the teachers' retirement system of the city of New York

shall have the right to transfer his membership to such teachers'

retirement system. In order to effect such a transfer, a member must

give notice to the New York city employees' retirement system within one

year of his last becoming eligible for membership in the said teachers'

retirement system, of his intention to transfer to the said teachers'

retirement system. Upon receipt of such notice, the New York city

employees' retirement system shall transfer to such teachers' retirement

system the reserve on such member's benefits in the manner provided by

section forty-three of the retirement and social security law. The

former system shall also transfer to the latter system the member's

accumulated deductions which shall become such member's accumulated

deductions in the latter system. A person so transferring shall be

deemed to have been a member of the system to which he has transferred

during the entire period of membership service credited to him in the

system from which he has transferred. Such transferee shall be entitled

to all the rights, privileges and benefits of the system to which he has

transferred. Such transferee shall be entitled to the crediting of

regular interest in such teachers' retirement system at the same rate as

he would have received had he continued membership in the New York city

employees' retirement system. Upon his retirement, the mortality table

in effect in the teachers' retirement system of the city of New York on

the date when he last became a member of the New York city employees'

retirement system shall apply.

3. Any member of the New York city employees' retirement system who is

a member of the instructional staff of the city university shall have

the right to transfer his membership to the teachers' retirement system

of the city of New York. In order to effect such a transfer, a member

must give notice to the New York city employees' retirement system, on

or before June thirtieth, nineteen hundred eighty-seven or, within one

year of his eligibility for membership in the said teachers' retirement

system, of his intention to transfer to the said teachers' retirement

system. Upon receipt of such notice, the New York city employees'

retirement system shall transfer to such teachers' retirement system the

reserve on such member's benefits in the manner provided by section

forty-three of the retirement and social security law. The former system

shall also transfer to the latter system the member's accumulated

deductions which shall become such member's accumulated deductions in

the latter system. A person so transferring shall be deemed to have been

a member of the system to which he has transferred during the entire

period of membership service credited to him in the system from which he

has transferred. Such transferee shall be entitled to all the rights,

privileges and benefits of the system to which he has transferred. Such

transferee shall be entitled to the crediting of regular interest in

such teachers' retirement system at the same rate as he or she would

have received had he continued membership in the New York city

employees' retirement system. Upon his retirement, the mortality table

in effect in the teachers' retirement system of the city of New York on

the date when he last became a member of the New York city employees'

retirement system shall apply.

4. Notwithstanding any other provision of law, on or after July first,

nineteen hundred eighty-six, any new member of the instructional staff

at a senior or community college of the city university of New York

shall be a member of the teachers' retirement system of the city of New

York or, if he so elects under applicable provisions of law, a member of

the optional retirement program established under article one hundred

twenty-five-A of this chapter.