Part 5009 - Vesting (Deferred Retirement)

Section 5009.1 - Automatic Vesting for Members Who Joined Prior to July 27, 1976

A member of the System who is eligible to vest and fails to file an election to do so shall be deemed to have filed it the day before his membership would cease and shall be "automatically" vested. Such member may apply for a deferred retirement allowance when eligible.

(Statutory authority: Education Law, §§509, 512-a; Retirement and Social Security Law, §§ 516, 612)