New York State Retirement Sample Clauses

New York State Retirement. All full-time unit members are required by State Law to join the NYS Employees’ Retirement System. The system is set up by tiers (levels) which set forth the contribution rate, retirement age and State benefits. The membership tiers are: Tier 1: Those persons who became members before June 30, 1973. Members are not required to contribute. The retirement system plan is 75-i. Tier 2: Those persons who became members on or after July 1, 1973. Members are not required to contribute. The retirement system plan is 75-i. Tier 3: Those persons who became members on or after July 27, 1976. Members must contribute 3% of their gross salary, if required by the New York State Employees' Retirement System.
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New York State Retirement. All full-time unit members are required by State Law to join the NYS Employees Retirement System. Part-time unit members may elect to join the system. The Retirement System Plan shall be 75-i.
New York State Retirement. ‌ A. Effective 1/4/84 the plan shall be Section 75 I.
New York State Retirement. A. Unit members who have completed 15 years of full-time service in the district and retiring from the district, and have applied and are eligible for retirement benefits from the New York State Retirement Systems at the time of retirement will be eligible for retiree health insurance. The District will pay 100 percent of the premiums of Blue Point2 Value (single or unit member/spouse), dental and/or vision plans for unit members hired as an administrator in the District prior to July 1, 1997, and unit members hired as an administrator in the District after July 1, 1997 and before July 1, 2006 who had already earned health insurance as a member of another district bargaining group at the time they were hired as an administrator. Unit members may apply the District’s monthly monetary contribution to any available health insurance plan. Unit members hired as an administrator in the District on or after July 1, 1997 shall be required to make a contribution towards medical (single or unit member/spouse coverage), dental and vision insurance(s) equal to the same percentage that he/she contributed as an active employee for the designated plans as of the date of his/her retirement. Unit members may apply the District’s monthly monetary contribution to any available health insurance plan.
New York State Retirement. §27.01 The approved retirement plan will be with the New York State Policemen and Firemen Retirement System. The plan is known as the 25 year non-Contributory Plan. §27.02 Effective June 1, 1989 the approved retirement plan will be with the New York State Policemen and Firemen Retirement System. The plan is the 375-1, (2%), also noncontributory.

Related to New York State Retirement

  • Post Retirement Health Care Benefit Employees who separate from State service and who, at the time of separation are insurance eligible and entitled to immediately receive an annuity under a State retirement program, shall be entitled to a contribution of two hundred fifty dollars ($250) to the Minnesota State Retirement System’s (MSRS) Health Care Savings Plan. Employees who have a HCSP waiver on file shall receive a two hundred fifty dollars ($250) cash payment. If the employee separates due to death, the two hundred fifty dollars ($250) is paid in cash, not to the HCSP. An employee who becomes totally and permanently disabled on or after January 1, 2008, who receives a State disability benefit, and is eligible for a deferred annuity under a State retirement program is also eligible for the two hundred fifty dollar ($250) contribution to the MSRS Health Care Savings Plan. Employees are eligible for this benefit only once.

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