New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5002 - Credit For Prior/previous Service
Section 5002.8 - Payment for previous service for Tier 6 members who are eligible to purchase such service
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5002.8
Current through Register Vol. 46, No. 12, March 20, 2024
The amount of money to be paid for previous service which predates the member's date of membership in the case of Tier 6 members shall be six percent of wages earned together with interest at the rate of five percent per annum compounded annually from the date of such service through the date of payment.
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