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.
Appears in 2 contracts
Samples: Agreement, ecommons.cornell.edu
New York State Retirement. All full-time unit members are required by State Law to join the NYS Employees’ Employees Retirement System. Part-time unit members may elect to join the system. The Retirement System Plan shall be 75-i. 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.
Appears in 2 contracts
Samples: digitalcommons.ilr.cornell.edu, ecommons.cornell.edu
New York State Retirement. All full-time unit members employees 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.
Appears in 1 contract
Samples: core.ac.uk
