Laws of New York (Last Updated: November 21, 2014) |
EDN Education |
Title I. GENERAL PROVISIONS |
Article 8-B. STATE UNIVERSITY OPTIONAL RETIREMENT PROGRAM |
Section 390. Definitions
Latest version.
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Wherever used in this article: 1. The term "board" means the board of trustees of the state university of New York. 2. The term "state university" means the state university of New York and the term "community college" means a college established and operated under article one hundred twenty-six of this chapter. 3. The term "eligible employees" means those employees in positions requiring the performance of educational functions in teacher education, agriculture, home economics, forestry, ceramics, liberal and applied arts and sciences, engineering, technical skills, crafts, business education, labor and industrial relations, medicine, dentistry, veterinary medicine, pharmacy, nursing, law, public affairs, maritime officer training, academic administration, library service, student activities, student personnel service and other professions required to carry on the work of the state university and the colleges, schools, institutes, research centers, facilities and institutions comprising it and of the community colleges. Such positions in the state university, including those at the state colleges of agriculture, home economics, veterinary medicine or industrial and labor relations, the state agricultural experiment station at Geneva, or any other institution or agency under the management and control of Cornell university as representative of the board, and at the state college of ceramics under the management and control of Alfred university as the representative of the board, and such positions in the community colleges shall be those certified to the board by the chancellor of state university as requiring the performance of such functions. No person receiving a benefit by reason of his retirement from any retirement or pension system of New York state or any political subdivision thereof shall be eligible to elect the optional retirement program. 4. The term "optional retirement program" means the retirement program established pursuant to this article. 5. The term "electing employee" shall mean any eligible employee who exercises his election pursuant to this article to come under the optional retirement program. 6. The term "salary" means all amounts paid by or for the state as compensation for services rendered by an eligible employee holding a position with the state university or by or for a community college as compensation for services rendered by an eligible employee holding a position at such college. 7. The term "insurer" shall mean a life insurance corporation, or other corporation subject to insurance department supervision. 8. The term "electing employer" means a community college which elects to offer the optional retirement program as herein provided. 9. The term "local sponsor" means any city, county, intermediate school district, or school district approved by the board, sponsoring or participating in the establishment or operation of a community college.