§ 601. Definitions. The following words and phrases as used in this\narticle shall have the following meanings unless a different meaning is\nplainly required by the context:\n a. "Active service" shall mean service while being paid on the payroll\nof a participating employer provided, however, a leave of absence with\npay may be deemed active service pursuant to rules and regulations\nadopted by a public retirement system of the state.\n b. "Credited service" shall mean all service which has been credited\nto a member pursuant to section six hundred nine of this article.\n c. "Creditable service" is service which qualifies to be counted as\ncredited service pursuant to section six hundred nine of this article.\n d. "Eligible beneficiary" for the purposes of section six hundred\nseven of this article shall mean the following persons or classes of\npersons in the order set forth:\n 1. A surviving spouse who has not renounced survivorship rights in a\nseparation agreement, until remarriage;\n 2. Surviving children until age twenty-five;\n 3. Dependent parents, determined under regulations promulgated by the\nhead of the retirement system;\n 4. Any other person who qualified as a dependent on the final federal\nincome tax return of the member or the return filed in the year\nimmediately preceding the year of death, until such person reaches\ntwenty-one years of age. In the event that a class of eligible\nbeneficiaries consists of more than one person, benefits shall be\ndivided equally among the persons in such class; and\n 5. With respect to members of the New York city employees' retirement\nsystem or the board of education employees' retirement system of the\ncity of New York only, a person or persons whom the member shall have\nnominated in the form of a written designation, duly acknowledged and\nfiled with the head of the retirement system for the purpose of section\nsix hundred six of this article.\n e. "Member" shall mean a member subject to the provisions of this\narticle.\n f. "Head of the retirement system" shall mean the comptroller, with\nrespect to the state employees' retirement system and the retirement\nboard of the other public retirement systems of the state.\n g. "Mandatory retirement age" shall mean age seventy.\n h. "Normal retirement age" shall mean age sixty-two.\n i. "Participating employer" shall mean a public employer who is\nparticipating in a public retirement system of the state.\n j. "Public employer" shall mean an employer who is eligible to\nparticipate in a public retirement system of the state.\n k. "Public retirement system of the state" shall mean the New York\nstate employees' retirement system, New York state teachers' retirement\nsystem, New York city employees' retirement system (except with respect\nto members qualified for participation in the uniformed transit police\nforce plan or housing police force plan), New York city teachers'\nretirement system and the New York city board of education retirement\nsystem.\n l. "Wages" shall mean regular compensation earned by and paid to a\nmember by a public employer, except that for members who first join the\nNew York state and local employees' retirement system or the New York\nstate teachers' retirement system on or after January first, two\nthousand ten, overtime compensation paid in any year in excess of the\novertime ceiling, as defined by this subdivision, shall not be included\nin the definition of wages. "Overtime compensation" shall mean, for\npurposes of this section, compensation paid under any law or policy\nunder which employees are paid at a rate greater than their standard\nrate for additional hours worked beyond those required, including\ncompensation paid under section one hundred thirty-four of the civil\nservice law and section ninety of the general municipal law. The\n"overtime ceiling" shall mean fifteen thousand dollars per annum on\nJanuary first, two thousand ten, and shall be increased by three per\ncent each year thereafter, provided, however, that for members who first\nbecome members of a public retirement system of the state on or after\nApril first, two thousand twelve, "overtime ceiling" shall mean fifteen\nthousand dollars per annum on April first, two thousand twelve, and\nshall be increased each year thereafter by a percentage to be determined\nannually by reference to the consumer price index (all urban consumers,\nCPI-U, U.S. city average, all items, 1982-84=100), published by the\nUnited States bureau of labor statistics, for each applicable calendar\nyear. Said percentage shall equal the annual inflation as determined\nfrom the increase in the consumer price index in the one year period\nending on the December thirty-first prior to the cost-of-living\nadjustment effective on the ensuing April first. For members who first\njoin a public retirement system of the state on or after April first,\ntwo thousand twelve, the following items shall not be included in the\ndefinition of wages: 1. wages in excess of the annual salary paid to the\ngovernor pursuant to section three of article four of the state\nconstitution, 2. lump sum payments for deferred compensation, sick\nleave, accumulated vacation or other credits for time not worked, 3. any\nform of termination pay, 4. any additional compensation paid in\nanticipation of retirement, and 5. in the case of employees who receive\nwages from three or more employers in a twelve month period, the wages\npaid by the third and each additional employer.\n m. "New York city revised plan member" shall mean a member of the New\nYork city employees' retirement system, the New York city teachers'\nretirement system or the board of education retirement system of the\ncity of New York who becomes subject to the provisions of this article\non or after April first, two thousand twelve.\n
N.Y. Retire. & Soc. Sec. Law § 601
Definitions
Showing this section's text as in effect on January 1, 2016 (in force January 1, 2016 – January 1, 2018). View current text →
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.