N.Y. Retire. & Soc. Sec. Law § 294
Transfer of retirement membership, contributions, reserves and other credits of police officers and firefighters, and certain other persons
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2020
As of January 1, 2015
§ 294. Transfer of retirement membership, contributions, reserves and\nother credits of policemen and firemen, and certain other persons. a.\nThe membership in the employees' retirement system of policemen and\nfiremen on the effective date of this article, and of all persons who\nare members of such system on such date and contributing pursuant to the\nprovisions of sections eighty-one to eighty-eight, inclusive, of this\nchapter as in force and effect immediately prior to the effective date\nof this article, shall be transferred to the retirement system\nestablished by this article on the effective date thereof. All such\npersons transferred to the retirement system established pursuant to the\nprovisions of this article shall be entitled to all prior service\ncredits and member service credits and to all the rights, privileges,\nimmunities, benefits, refunds, increases, advances, insurance, pensions,\nannuities, retirement allowances, death benefits and options and shall\nbe subject to all obligations, dues, duties and requirements to which\nthey were entitled or were subject, as the case may be, pursuant to the\nprovisions of article two of this chapter. Persons becoming members of\nthe retirement system established by this article subsequent to March\nthirty-first, nineteen hundred sixty-seven, and who are entitled to\ncredit for service rendered as a member of the employees' retirement\nsystem shall be entitled to the same credit for such service pursuant to\nthis article.\n b. Accumulated contributions, reserves and any other credits standing\nto the credit of persons enumerated in subdivision a of this section\nshall be transferred to the credit of such persons in the retirement\nsystem established by this article. Members so transferred shall\ncontinue to contribute at the same rate as applied to them individually\nin the employees' retirement system and they shall continue to be\nentitled to the same rights, benefits and privileges as they were\nentitled to as members of the employees' retirement system on the\neffective date of this article.\n
§ 294. Transfer of retirement membership, contributions, reserves and\nother credits of police officers and firefighters, and certain other\npersons. a. The membership in the employees' retirement system of police\nofficers and firefighters on the effective date of this article, and of\nall persons who are members of such system on such date and contributing\npursuant to the provisions of sections eighty-one through eighty-eight,\ninclusive, of this chapter as in force and effect immediately prior to\nthe effective date of this article, shall be transferred to the\nretirement system established by this article on the effective date\nthereof. All such persons transferred to the retirement system\nestablished pursuant to the provisions of this article shall be entitled\nto all prior service credits and member service credits and to all the\nrights, privileges, immunities, benefits, refunds, increases, advances,\ninsurance, pensions, annuities, retirement allowances, death benefits\nand options and shall be subject to all obligations, dues, duties and\nrequirements to which they were entitled or were subject, as the case\nmay be, pursuant to the provisions of article two of this chapter.\nPersons becoming members of the retirement system established by this\narticle subsequent to March thirty-first, nineteen hundred sixty-seven,\nand who are entitled to credit for service rendered as a member of the\nemployees' retirement system shall be entitled to the same credit for\nsuch service pursuant to this article.\n b. Accumulated contributions, reserves and any other credits standing\nto the credit of persons enumerated in subdivision a of this section\nshall be transferred to the credit of such persons in the retirement\nsystem established by this article. Members so transferred shall\ncontinue to contribute at the same rate as applied to them individually\nin the employees' retirement system and they shall continue to be\nentitled to the same rights, benefits and privileges as they were\nentitled to as members of the employees' retirement system on the\neffective date of this article.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.