New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5006 - Cessation Of Membership
Section 5006.2 - General
Current through Register Vol. 46, No. 12, March 20, 2024
(a) The membership of any person in the retirement system shall cease upon the withdrawal by a contributor of his accumulated contributions, or upon retirement on a pension, or at death, or when seven years have elapsed since the member has performed service as a teacher which was credited with the retirement system (at least 20 days in a school year), except that a membership shall not be cancelled under the following conditions:
(b) All memberships are cancelled as of June 30th of the school year during which membership ceases.
(c) When membership ceases, interest is credited to the member's annuity savings fund to the date of cancellation of membership if the member was sent a warning that membership would cease. If the system did not send such warning, interest is credited to the date of notification of cancellation of membership. However, under no circumstances is interest credited after the date of death of a member.
(d) Notwithstanding that during the first year of membership, the member fails to render at least the equivalent of 20 days of teaching service, his membership will not be cancelled. However, the base period for determining membership ceased will begin with the date of membership.
(e) Notwithstanding the provisions of subdivision (a) of this section, the membership of any person who last joined the retirement system prior to July 1, 1984 shall not be cancelled if such person has at least five years of credited service as a teacher in any period of 10 consecutive years as hereinafter set forth: