State Codes and Statutes

Statutes > New-york > Rss > Article-15 > 601

§  601.  Definitions.  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, except that for members who first join the  New York state and local employees' retirement system or  the  New  York  state  teachers'  retirement  system  on  or  after  January  first, two  thousand ten, overtime compensation paid in any year in  excess  of  the  overtime  ceiling, as defined by this subdivision, shall not be included  in the definition of wages.  "Overtime  compensation"  shall  mean,  for  purposes  of  this  section,  compensation  paid under any law or policy  under which employees are paid at a rate  greater  than  their  standardrate  for  additional  hours  worked  beyond  those  required, including  compensation paid under section one hundred  thirty-four  of  the  civil  service  law  and  section  ninety  of  the  general  municipal law. The  "overtime  ceiling"  shall  mean  fifteen  thousand dollars per annum on  January first, two thousand ten, and shall be  increased  by  three  per  cent each year thereafter.

State Codes and Statutes

Statutes > New-york > Rss > Article-15 > 601

§  601.  Definitions.  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, except that for members who first join the  New York state and local employees' retirement system or  the  New  York  state  teachers'  retirement  system  on  or  after  January  first, two  thousand ten, overtime compensation paid in any year in  excess  of  the  overtime  ceiling, as defined by this subdivision, shall not be included  in the definition of wages.  "Overtime  compensation"  shall  mean,  for  purposes  of  this  section,  compensation  paid under any law or policy  under which employees are paid at a rate  greater  than  their  standardrate  for  additional  hours  worked  beyond  those  required, including  compensation paid under section one hundred  thirty-four  of  the  civil  service  law  and  section  ninety  of  the  general  municipal law. The  "overtime  ceiling"  shall  mean  fifteen  thousand dollars per annum on  January first, two thousand ten, and shall be  increased  by  three  per  cent each year thereafter.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Rss > Article-15 > 601

§  601.  Definitions.  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, except that for members who first join the  New York state and local employees' retirement system or  the  New  York  state  teachers'  retirement  system  on  or  after  January  first, two  thousand ten, overtime compensation paid in any year in  excess  of  the  overtime  ceiling, as defined by this subdivision, shall not be included  in the definition of wages.  "Overtime  compensation"  shall  mean,  for  purposes  of  this  section,  compensation  paid under any law or policy  under which employees are paid at a rate  greater  than  their  standardrate  for  additional  hours  worked  beyond  those  required, including  compensation paid under section one hundred  thirty-four  of  the  civil  service  law  and  section  ninety  of  the  general  municipal law. The  "overtime  ceiling"  shall  mean  fifteen  thousand dollars per annum on  January first, two thousand ten, and shall be  increased  by  three  per  cent each year thereafter.