Section 180. Definitions  


Latest version.
  • Wherever used in this part V of this article:
        1.  The  term "eligible employee" means each employee of the education
      department  who  occupies  a  position  which  is  designated   by   the
      commissioner  as requiring the rendering of professional services within
      the field of supervision of higher education, and who, at  the  time  of
      his  initial  employment  with  the  department or within one year prior
      thereto, owns or  owned  a  contract  which  may  legally  be  continued
      pursuant  to  this  part.  An  eligible  employee  who has elected to be
      covered by the education department optional  retirement  program  shall
      not be deemed ineligible by virtue of a subsequent assignment within the
      education  department to a sphere of responsibility outside of the field
      of supervision of higher education. No  person  receiving  a  retirement
      benefit  from  any retirement or pension system of New York state or any
      political subdivision thereof shall be eligible to elect  the  education
      department optional retirement program.
        2.  The  term "education department optional retirement program" means
      the retirement program established pursuant to part V of this article.
        3. The term  "electing  employee"  means  any  eligible  employee  who
      exercises  his  election  pursuant  to  this  part  V of this article to
      participate in the education department optional retirement program.
        4. The term "state salary" means all amounts paid by or for the  state
      as compensation for services rendered by an eligible employee.
        5.  The  term  "insurer"  means a life insurance corporation, or other
      corporation, subject to insurance department supervision.