Part 5003 - Computation of Final Average Salary

Section 5003.3 - Salaries for Elected Members of Retirement Board While On A Leave of Absence During Service on the Retirement Board

A member of the system who has been elected to the retirement board and who has been granted a leave of absence to serve on the board, pursuant to subdivision 6 of section 506 of the Education Law, shall be entitled to use the salaries earned, as reported in section 5015.2 of this Title, in the calculation of final average salary so long as they meet all the other requirements as specified in sections 5003.1 and 5003.2 of this Part.

(Statutory authority: Education Law, §§ 501, 3602; Retirement and Social Security Law, §§ 431, 443, 501, 512, 601, 608)