New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter VI. New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System |
Part 381. Article 22--Membership Contributions and Withdrawals |
Sec. 381.6. Restoration of credit for previous service
Latest version.
- Membership in the New York State and Local Police and Fire Retirement System shall cease upon withdrawal of contributions pursuant to these regulations. A former member who thereafter returns to public service shall not receive any credit for previous service to which such withdrawn and refunded contributions applied unless and until such former member applies for such credit and repays the entire amount withdrawn and refunded, together with interest through the date of repayment at the rate of five percent per annum.