New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5018 - Actuarial Assumptions
Section 5018.5 - Interest rate for calculation of service retirement benefit
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5018.5
Current through Register Vol. 45, No. 52, December 27, 2023
The lump sum payment of a de minimus service retirement benefit pursuant to section 537 of the Education Law shall be calculated using the percentage interest rate on 10-year United States treasury obligations as of January 1st of the calendar year of the effective date of retirement truncated to two decimal places.
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