21 CRR-NY 5007.1NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 21. MISCELLANEOUS
CHAPTER LVIII. NEW YORK STATE TEACHERS' RETIREMENT SYSTEM
PART 5007. REFUND OF CONTRIBUTIONS OF MEMBERS WITH TIER 1 AND TIER 2 MEMBERSHIP
21 CRR-NY 5007.1
21 CRR-NY 5007.1
5007.1 Moneys refunded.
(a) A member's accumulated contributions shall consist of all his or her contributions in the annuity savings fund, together with credited interest.
(b) Moneys refunded shall be paid from the annuity savings fund, except in the following instances where they are paid from the pension accumulation fund:
(1) where the employer's share is paid by the member in order to purchase military service credit under section 243 of the Military Law and subdivision 10 of section 503 of the Education Law;
(2) where the member's accumulated contributions have been deemed abandoned pursuant to section 531 of the Education Law.
21 CRR-NY 5007.1
Current through June 30, 2021
End of Document