Title EDN, Education

§ 501. Definitions. The following words and phrases used in this\narticle shall have the following meanings unless a different meaning is\nplainly required by the context: 1. "Retirement system" shall mean the\nNew York state teachers' retirement system provided for in section f…

§ 5010. Advisory council. 1. An advisory council for licensed private\ncareer schools is hereby created for the purpose of advising the board\nof regents and the commissioner as provided herein. The council shall be\ncomposed of eleven members appointed by the governor, two of w…

§ 502. Retirement system. 1. The "New York state teachers' retirement\nsystem" is hereby continued.\n 2. Such retirement system shall have the powers and privileges of a\ncorporation, and under its corporate name, or in the name of its\nnominees, all of its business shall be tra…

§ 503. Membership of system. 1. The membership of the retirement\nsystem shall consist of the following:\n a. All teachers who were teachers on or before the first day of\nAugust, nineteen hundred twenty-one, who shall file with the retirement\nboard applications for membership,…

§ 504. Retirement board; members; terms of office; vacancies. 1. The\ngeneral administration and responsibility for the proper operation of\nthe retirement system and for making effective the provisions of this\narticle shall continue to be vested in a retirement board. The\nret…

§ 505. Election of the active teacher members of the board. 1. An\nannual convention of the members of the retirement system shall be held\nwithin the state of New York during the month of October or November, at\nan hour and place set by the retirement board on or before May fi…

§ 505-a. Election of retired teacher member of board. 1. Election of\nretired teacher member. An election shall be held during the month of\nOctober, nineteen hundred ninety-three, and thereafter during the month\nof October immediately preceding the expiration of a term in offi…

§ 506. Board meetings; oaths of office; quorum; expenses. 1. The\nretirement board shall meet annually at Albany on a business day in the\nmonth of January to be fixed by the board and shall have stated meetings\nat the same place at least once in each three months as determined…

§ 507. Officers of board; custody of funds. 1. The retirement board\nshall elect from its membership a president and vice-president, and\nshall have power to employ a secretary and to secure the services of\nsuch technical and administrative employees as may be necessary for the…

§ 508. Investment of funds; interest; accounts; reports. 1. The\nmembers of the retirement board shall be the trustees of the several\nfunds created by this article, and shall determine from time to time\nwhat part of the moneys belonging to the retirement system shall be\ninves…

§ 508-a. New York state teachers' retirement system MWBE asset\nmanagement and financial institution strategy. 1. Within the discretion\nof the retirement board and in accordance with and subject to its\nfiduciary duties and obligations as trustees of the teachers retirement\nsy…

§ 509. Statements of teachers' service; determination of service\ncreditable; service certificates. 1. Under such rules and regulations as\nthe retirement board shall adopt, each present teacher shall file a\ndetailed statement of all service as a teacher and service in a simila…

§ 510. Superannuation retirement. 1. Retirement upon a superannuation\nallowance shall be made under the following conditions:\n a. A member who has completed twenty-five years of total credited\nservice and who has attained the age of sixty years or over while in\nservice, or a…

§ 5100. Definitions. As used in this article, the following terms\nshall have the following meanings:\n 1. "Eligible agency" means labor organizations, their federations or\norganizations of employers acting in consortium with labor\norganizations, that have been approved by the…

§ 5101. Grants. 1. The commissioner is authorized to make grants to\neligible agencies that conduct workplace literacy and basic skills\neducation programs for employees of public or private employers or for\nmembers of unions whose present levels of literacy skills constitute a…

§ 5102. Regulations. The commissioner shall promulgate regulations to\ncarry out the provisions of this article. Such regulations shall, among\nother things, specify the programs, services, or functions that are\neligible for funding under this article, including, but not limite…

§ 511. Disability retirement. 1. Retirement on account of disability\nshall be made under the following conditions: A member who has completed\nat least fifteen years of total state service or a member who is a\npresent teacher and who has completed twenty years of service, the …

§ 511-a. Special service retirement. 1. Retirement upon a special\nservice retirement allowance shall be made under the following\nconditions: Any member, by written notice duly acknowledged and filed\nwith the retirement board before the first day of July, nineteen hundred\nsix…

§ 512. Withdrawal and death benefits. Benefits upon withdrawal and\ndeath shall be payable as follows:\n a. A member who withdraws from service or ceases to be a teacher for\nany cause other than death or retirement shall be paid on demand the\naccumulated contributions standing…

§ 512-a. Deferred retirement. 1. Any member, who discontinues service\nother than by death or retirement, and who is credited with at least\nfifteen years of teaching service rendered in the state, by written\nnotice duly acknowledged and filed with the retirement board at any t…

§ 512-b. Loans. 1. Any member in active service or on leave of absence\nwho has credit for at least one year of member service may borrow from\nhis accumulated contributions in the retirement system once during each\nsix month period an amount of not less than three hundred doll…

§ 513. Optional allowances. 1. With the exception that no election of\nan optional benefit shall become effective in case a member dies within\nthirty days after the filing of an application for a retirement\nallowance, until the first payment on account of any benefit becomes\n…

§ 514. Benefits to participants in old retirement fund. All annuities\nof annuitants on the rolls of the retirement fund on the thirty-first\nday of July, nineteen hundred twenty-one, shall be paid thereafter from\nthe pension accumulation fund created by this article. The amoun…

§ 515. Funds enumerated. The funds created are:\n a. The annuity savings fund.\n b. The annuity reserve fund.\n c. The pension accumulation fund.\n d. The pension reserve fund.\n e. The supplemental retirement allowance fund.\n f. The expense fund.\n

§ 516. Annuity savings fund; contributions and payments. The annuity\nsavings fund shall be the fund in which shall be accumulated the\ndeductions made from the compensation of contributors. Contributions to\nand payments from the annuity savings fund shall be made in the\nfollo…

§ 517. Annuity reserve fund; pension accumulation fund. 1. The annuity\nreserve fund shall be the fund from which shall be paid all annuities\nand all benefits in lieu of annuities.\n 2. The pension accumulation fund shall be the fund in which shall be\naccumulated all reserves …

§ 518. Pension reserve fund. The pension reserve fund shall be the\nfund from which shall be paid the pensions to new entrants on account of\nwhich reserves shall be transferred from the pension accumulation fund.\nShould any disability pension payable from said fund be canceled…

§ 518-a. Supplemental retirement allowance fund. The supplemental\nretirement allowance fund shall be the fund from which shall be paid the\nsupplemental retirement allowances provided by section five hundred\nthirty-two of this article.\n

§ 519. Expense fund. The expense fund shall be the fund from which\nthe expense of the administration of the retirement system shall be paid\nexclusive of amounts payable as retirement allowances and as other\nbenefits provided herein. Contributions shall be made to the expense\…

§ 520. Duties of employer. 1. Each employer shall keep such records\nand from time to time shall furnish such information as the retirement\nboard in the discharge of its duties may require.\n 2. a. Upon the employment of any teacher to whom this article may\napply, he shall be …

§ 5200. Establishment of the research institute on addictions. There\nis hereby established at the university center at Buffalo of the state\nuniversity of New York the research institute on addictions for research\nand teaching in the sciences related to addiction, including al…

§ 5201. Functions of institute. The research institute on addictions\nis designated as an institute for the conduct of research and education\ndirected towards furthering knowledge of the etiology, diagnosis,\ntreatment and prevention of addictions, including alcoholism, alcohol…

§ 521. Collection of contributions. 1. The collection of members'\ncontributions shall be as follows:\n a. Each employer shall cause to be deducted on each and every payroll\nof a contributor for each and every payroll period, the contribution\npayable by such contributor as pro…

§ 522. Transfer of contributions between retirement systems. 1. Any\ncontributor, withdrawing from the retirement system and at such time\ngiving notice to the retirement board of his intention of becoming\nwithin two years a member of another teachers' retirement system which\n…

§ 523. State supervision. The operation of the retirement system shall\nbe subject to the supervision of the state department of financial\nservices.\n

§ 524. Exemption from taxation and execution. The right of a teacher\nto a pension, an annuity, or a retirement allowance, to the return of\ncontributions, any benefit or right accrued or accruing to any person\nunder the provisions of this article, and the moneys in the various…

§ 525. Protection against fraud. 1. Any person who shall knowingly\nmake any false statement, or shall falsify or permit to be falsified any\nrecord or records of this retirement system in any attempt to defraud\nsuch system as a result of such act, shall be guilty of a misdemea…

§ 526. Merger of local teachers' retirement and pension systems with\nthe state system. 1. On April ninth, nineteen hundred twenty-three, the\npublic school teachers' retirement fund or system or the teachers\nretirement or pension system of every city of the state having a\npop…

§ 527. Notwithstanding any other provision of law to the contrary the\nretirement board shall determine the annuity payable as of the date of\nretirement to each member of the system retired prior to the\ntwenty-eighth day of August, nineteen hundred fifty-eight, on the basis\no…

§ 528. Pensions-providing-for-increased-take-home-pay.\n1. Notwithstanding any other provision of law to the contrary,\n a. beginning with the payroll period the first day of which is nearest\nto April first, nineteen hundred sixty, and ending with the payroll\nperiod immediatel…

§ 529. Pensions providing for increased take home pay for certain\nteachers. Notwithstanding any other provisions of law to the contrary,\nbeginning with the payroll period the first day of which is nearest to\nApril first, nineteen hundred sixty-one and ending with the payroll\…

§ 530. Pensions-providing-for-increased-take-home-pay-for-teachers. 1.\nNotwithstanding any other provision of law to the contrary, a. beginning\non the first day of July, nineteen hundred sixty-five, and ending on the\nthirtieth day of June, nineteen hundred seventy, the contri…

§ 531. Abandonment of unclaimed contributions or other benefits;\ntransfer to the pension accumulation fund. 1. Except as otherwise\nspecifically provided by this article, after at least seven years have\nelapsed since the member or contributor withdrew from service or ceased\nt…

§ 532. Supplemental retirement allowance. a. A supplemental retirement\nallowance shall be paid to pensioners who have retired from the\nretirement system prior to the calendar year nineteen hundred\nninety-four. Such supplemental retirement allowance shall be payable on\nthe ba…

§ 532-a. Cost-of-living adjustment. a. A cost-of-living adjustment\nshall be payable on the basis provided for in this section to: (i) all\npensioners who have attained age sixty-two and have been retired for\nfive years; (ii) all pensioners who have attained age fifty-five and\…

§ 533. Non-contributory retirement plan. a. Any other provision of\nlaw to the contrary notwithstanding, no further contributions to the\nretirement system, as provided in sections five hundred eleven-a or five\nhundred sixteen of this article, shall be required of any member.\n…

§ 535. Career retirement plan. 1. Any other provision of law to the\ncontrary notwithstanding, on or after July first, nineteen hundred\nseventy a member may retire pursuant to the provisions of this section\nwhen,\n a. he has credit for thirty-five or more years of total servic…

§ 536. Deductions from benefits of certain retired members. 1.\nNotwithstanding any other provision of law, a pensioner who is retired\nfrom the retirement system shall have the right, at any time after such\npensioner's retirement, to execute and file a deduction authorization\…

§ 537. Lump sum payment of de minimis service retirement benefit.\nNotwithstanding any other law to the contrary, a member of the\nretirement system who is entitled to receive a retirement allowance,\nother than for disability, pursuant to this article or pursuant to\narticle el…

§ 538. Excess benefit plan. Notwithstanding any other law to the\ncontrary, the retirement board is authorized in its sole discretion to\nestablish a qualified governmental excess benefit arrangement within the\nmeaning of, in conformity with and then only to the extent and so l…