Part 5003 - Computation of Final Average Salary

Section 5003.5-Monies Paid Pursuant to the Excellence in Teaching Program

All moneys paid to a member pursuant to the Excellence In Teaching Program as provided in subdivision 27 of section 3602 of the Education Law, which are not paid as termination pay or otherwise in anticipation of retirement shall be deemed regular compensation for purposes of computing the member's final average salary.

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