New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5023 - Employment Of Retired Teachers
Section 5023.3 - Contribution obligation of certain retired teachers who rejoin the system upon a return to teaching service
Current through Register Vol. 44, No. 38, September 21, 2022
The following rules shall apply in the case of certain retired teachers who rejoin the system upon a return to teaching service with a participating employer:
(a) A system retiree whose date of membership at retirement was on or after July 27, 1976 but prior to January 1, 2010 shall not be required to contribute to the system unless such retiree had not attained either 10 years of service and/or 10 years of membership at retirement. In such event, the retiree shall contribute at the rate of three percent of wages, but only until the retiree shall have attained 10 years of service credit or, if earlier, 10 years of membership based upon the member's date of membership and service at retirement or, if earlier, until such retiree again retires.
(b) A system retiree whose date of membership at retirement was on or after January 1, 2010 shall contribute at the rate of 3.5 percent of wages until such retiree again retires.