Laws of New York (Last Updated: November 21, 2014) |
RSS Retirement and Social Security |
Article 15. COORDINATED RETIREMENT PLAN |
Section 601. Definitions
Latest version.
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The following words and phrases as used in this article shall have the following meanings unless a different meaning is plainly required by the context: a. "Active service" shall mean service while being paid on the payroll of a participating employer provided, however, a leave of absence with pay may be deemed active service pursuant to rules and regulations adopted by a public retirement system of the state. b. "Credited service" shall mean all service which has been credited to a member pursuant to section six hundred nine of this article. c. "Creditable service" is service which qualifies to be counted as credited service pursuant to section six hundred nine of this article. d. "Eligible beneficiary" for the purposes of section six hundred seven of this article shall mean the following persons or classes of persons in the order set forth: 1. A surviving spouse who has not renounced survivorship rights in a separation agreement, until remarriage; 2. Surviving children until age twenty-five; 3. Dependent parents, determined under regulations promulgated by the head of the retirement system; 4. Any other person who qualified as a dependent on the final federal income tax return of the member or the return filed in the year immediately preceding the year of death, until such person reaches twenty-one years of age. In the event that a class of eligible beneficiaries consists of more than one person, benefits shall be divided equally among the persons in such class; and 5. With respect to members of the New York city employees' retirement system or the board of education employees' retirement system of the city of New York only, a person or persons whom the member shall have nominated in the form of a written designation, duly acknowledged and filed with the head of the retirement system for the purpose of section six hundred six of this article. e. "Member" shall mean a member subject to the provisions of this article. f. "Head of the retirement system" shall mean the comptroller, with respect to the state employees' retirement system and the retirement board of the other public retirement systems of the state. g. "Mandatory retirement age" shall mean age seventy. h. "Normal retirement age" shall mean age sixty-two. i. "Participating employer" shall mean a public employer who is participating in a public retirement system of the state. j. "Public employer" shall mean an employer who is eligible to participate in a public retirement system of the state. k. "Public retirement system of the state" shall mean the New York state employees' retirement system, New York state teachers' retirement system, New York city employees' retirement system (except with respect to members qualified for participation in the uniformed transit police force plan or housing police force plan), New York city teachers' retirement system and the New York city board of education retirement system. l. "Wages" shall mean regular compensation earned by and paid to a member by a public employer. * NB Expires June 30, 2011