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This entry was published on 2014-09-22
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SECTION 6214
Retirement systems
Education (EDN) CHAPTER 16, TITLE 7, ARTICLE 125
§ 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.