New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5008 - Transfers Of Membership
Section 5008.3 - Transfer to another public retirement system in this State
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5008.3
Current through Register Vol. 46, No. 12, March 20, 2024
(a) A member of this system who is also a member of another public retirement system in this State shall be eligible to transfer his/her membership in this system to such other retirement system, provided that:
(1) s/he withdraws from this
system;
(2) at the time of
withdrawal s/he notifies this system, in writing, of his/her intention to
transfer;
(3) within one year of
withdrawal, the member's accumulated contributions in this system are deposited
with the other retirement system by this system or by the member, as
applicable.
(b) A member who withdraws from this system prior to joining another public retirement system in this State shall be eligible to transfer his/her membership in this system to such other retirement system, provided that:
(1) s/he gives written notice to this system,
at the time s/he withdraws, of his/her intention to become a member of the
other system; and
(2) within one
year of withdrawal, the member's accumulated contributions in this system are
deposited with the other retirement system by this system or by the member, as
applicable.
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