New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 363 - Election By Article 14 Members Of Either The Article 14 Or Article 15 Benefit Calculation Pursuant To Chapter 537 Of The Laws Of 1994
Section 363.3 - Election
Current through Register Vol. 46, No. 12, March 20, 2024
A member of the New York State and Local Employees' Retirement System who is covered by article 14 of the Retirement and Social Security Law and who, on the effective date of service or vested retirement:
(a) has not attained age 60 and has accrued less than 30 years of credited service; or
(b) has not attained age 62, and has accrued at least 20, but less than 25 years of credited service, shall receive benefits calculated under the provisions of article 15 of the Retirement and Social Security Law unless the individual files a timely election, as provided in section 363.4 of this Part, to receive benefits calculated under the provisions of article 14.
