2006 New York Code - Retirement Systems.

 
    § 6214. Retirement   systems.   1.   All   members   of  teaching  and
  administrative staffs in any educational unit established by  the  board
  of trustees, and in any other institution administered and controlled by
  such board, who are not members of any other retirement system supported
  in  whole or in part by the city of New York and who hold appointment to
  service on annual salaries, shall, upon appointment, become  members  of
  the  public  school teachers' retirement system of such city if eligible
  therefor and if not  eligible  therefor  shall  become  members  of  the
  employees'  retirement  system  of  such  city  and  shall  have all the
  obligations, rights, privileges and benefits of new entrants.
    2. An employee of the board of trustees who is a  member  of  the  New
  York  city  employees'  retirement  system  and who is also eligible for
  membership in the teachers' retirement system of the city  of  New  York
  shall  have  the  right  to  transfer  his  membership to such teachers'
  retirement system. In order to effect such a  transfer,  a  member  must
  give notice to the New York city employees' retirement system within one
  year  of his last becoming eligible for membership in the said teachers'
  retirement system, of his intention to transfer to  the  said  teachers'
  retirement  system.  Upon  receipt  of  such  notice,  the New York city
  employees' retirement system shall transfer to such teachers' retirement
  system the reserve on such member's benefits in the manner  provided  by
  section  forty-three  of  the  retirement  and  social security law. The
  former system shall also transfer to  the  latter  system  the  member's
  accumulated  deductions  which  shall  become  such member's accumulated
  deductions in the latter system.  A  person  so  transferring  shall  be
  deemed  to  have been a member of the system to which he has transferred
  during the entire period of membership service credited to  him  in  the
  system  from which he has transferred. Such transferee shall be entitled
  to all the rights, privileges and benefits of the system to which he has
  transferred. Such transferee shall  be  entitled  to  the  crediting  of
  regular interest in such teachers' retirement system at the same rate as
  he  would have received had he continued membership in the New York city
  employees' retirement system. Upon his retirement, the  mortality  table
  in  effect in the teachers' retirement system of the city of New York on
  the date when he last became a member of the New  York  city  employees'
  retirement system shall apply.
    3. Any member of the New York city employees' retirement system who is
  a  member  of  the instructional staff of the city university shall have
  the right to transfer his membership to the teachers' retirement  system
  of  the  city  of New York. In order to effect such a transfer, a member
  must give notice to the New York city employees' retirement  system,  on
  or  before  June thirtieth, nineteen hundred eighty-seven or, within one
  year of his eligibility for membership in the said teachers'  retirement
  system,  of  his  intention to transfer to the said teachers' retirement
  system. Upon receipt of  such  notice,  the  New  York  city  employees'
  retirement system shall transfer to such teachers' retirement system the
  reserve  on  such  member's  benefits  in the manner provided by section
  forty-three of the retirement and social security law. The former system
  shall also transfer  to  the  latter  system  the  member's  accumulated
  deductions  which  shall  become such member's accumulated deductions in
  the latter system. A person so transferring shall be deemed to have been
  a member of the system to which he has  transferred  during  the  entire
  period of membership service credited to him in the system from which he
  has  transferred.  Such  transferee shall be entitled to all the rights,
  privileges and benefits of the system to which he has transferred.  Such
  transferee  shall  be  entitled  to the crediting of regular interest in
  such teachers' retirement system at the same rate as  he  or  she  would
  have  received  had  he  continued  membership  in  the  New  York  city
  employees' retirement system. Upon his retirement, the  mortality  table
  in  effect in the teachers' retirement system of the city of New York on
  the date when he last became a member of the New  York  city  employees'
  retirement system shall apply.
    4. Notwithstanding any other provision of law, on or after July first,
  nineteen  hundred  eighty-six, any new member of the instructional staff
  at a senior or community college of the  city  university  of  New  York
  shall  be a member of the teachers' retirement system of the city of New
  York or, if he so elects under applicable provisions of law, a member of
  the optional retirement program established under  article  one  hundred
  twenty-five-A of this chapter.