2022 Legislation

2016 Legislation

The following is a summary of 2022 NYSTRS-related legislation that has been signed into law.

Earnings in Retirement

Chapter 56 of the Laws of 2022 (S8006-C/A9006-C)
Specifically Part HH
Signed into law April 9, 2022
Effective Date: April 9, 2022
Expires: June 30, 2023

Part HH amends Section 211 of the Retirement and Social Security Law to allow a NYSTRS retiree to be employed and earn compensation in a position at a school district or board of cooperative educational services (BOCES) without suspension or diminution of their retirement allowance. Earnings received from April 9, 2022 to June 30, 2023 will not be applied to the standard Section 212 earnings after retirement limitation of $35,000 in New York State public employment per calendar year. Post-retirement employment with a charter school, community college, SUNY, or any other public employment is not covered by this law and is still subject to the $35,000 calendar year earnings limitation.

Employee Contribution Rate for Tier 6 Members

Chapter 56 of the Laws of 2022 (S8006-C/A9006-C)
Specifically Part SS
Signed into law April 9, 2022
Effective Date: April 1, 2022
Implementation Date: School year beginning July 1, 2022

Part SS amends the Retirement and Social Security Law to permit the employee contribution rate for Tier 6 members (members with a date of membership on or after April 1, 2012) to be determined using only a member's annual base wages for contributions to be made during the two fiscal years ending June 30, 2023 and June 30, 2024. Compensation earned for extracurricular programs or any other pensionable earnings paid in addition to the annual base wages will not be included in the employee contribution rate determination, as it ordinarily would.

Note: Although the contribution percentage rate for those years will be calculated only on annual base wages, Tier 6 members must pay the applicable contribution rate on all of their pensionable earnings in those years.

Vesting for Tier 5 and 6 Members

Chapter 56 of the Laws of 2022 (S8006-C/A9006-C)
Specifically Part TT
Signed into law April 9, 2022
Effective Date: April 9, 2022

Part TT amends the Retirement and Social Security Law by reducing the number of years of credited service required for vesting to five years for Tier 5 and 6 members for purposes of eligibility for a service retirement benefit or a deferred-vested retirement benefit.

Prior to this change, Tier 5 and 6 members needed to have 10 years of credited service to be vested for a service retirement benefit or a deferred-vested retirement benefit. Members who cease teaching with five – ten years of service credit will have the option of either receiving a refund of their accumulated member contributions or receiving the deferred-vested retirement benefit when eligible.

Note: Although members can generally retire as early as age 55, deferred vested Tier 6 members cannot retire until age 63. Please see our Active Members’ Handbook for age factors that also might apply.

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