The following is a summary of NYSTRS-related legislation that was signed into law in 2001.
Minimum Retirement Allowance
Highlights: Increases the minimum retirement allowance for members who retired prior to July 1, 1970 to $500 per year of service, up to a 35-year maximum of $17,500.
Effective Date: July 1, 2001
Earnings After Retirement
Highlights: Increases the earnings limit for New York State public employment under Section 212 of the Retirement and Social Security Law to $20,000 a year for calendar year 2002.
Effective Date: January 1, 2002