Highlights of Chapter 352 of the Laws of 2002: Allows members to obtain service credit for teaching in New York City public schools at a time when they were NYSTRS members and were prohibited from joining a NYC retirement system. Any such service prior to July 1, 1990, would be creditable. To obtain credit, members need at least two years of NYSTRS service. In addition, Tier 3 and 4 members would have to pay 3% member contributions for the service plus 5% annual interest from the date of service until payment is made.
Signed into Law: August 13, 2002
Effective Date: June 30, 2002