New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5007 - Refund Of Contributions Of Members Whose Date Of Membership Is Prior To July 27, 1976
Section 5007.4 - Interest on contributions
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5007.4
Current through Register Vol. 46, No. 12, March 20, 2024
Interest on contributions made by members after July 1, 1957 shall be computed from the time of deduction and added to the accumulated contributions. Interest in the annuity savings fund shall be credited to the date on which, as applicable, a member dies, has his/her contributions refunded, retires where the member elects to receive an annuity from the system, or receives, following retirement, a total withdrawal distribution of his/her annuity savings, or membership otherwise ceases, and when membership ceases no interest will be allowed on contributions left in the annuity savings fund.
Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
