New York Education Code § 6252

Rates of contribution
Open in Lexace · Ask the AI about this section
§ 6252. Rates of contribution. * 1. Employer contributions. In the\ncase of any electing employee initially appointed on or before June\nthirtieth, nineteen hundred ninety-two, the city shall, during\ncontinuance of his employment, makes contributions at the rate of nine\npercentum of that portion of his city salary upon which contributions\nare or may hereafter be paid to the secretary of the treasury of the\nUnited States pursuant to article three of the retirement and social\nsecurity law and at the rate of twelve percentum of that portion of his\ncity salary above said amount, out of monies which shall be appropriated\nto the city university for such purposes. In the case of any electing\nemployee initially appointed on or after July first, nineteen hundred\nninety-two, the city shall, during continuance of his employment, make\ncontributions at the rate of eight percentum of his city salary during\nthe first seven years of such employment and at the rate of ten\npercentum of his city salary, thereafter, out of monies which shall be\nappropriated to the city university for such purpose. For purposes of\nthis subdivision, that portion of the employee's salary upon which\ncontributions are or may thereafter be paid to the secretary of the\ntreasury of the United States pursuant to article three of the\nretirement and social security law shall be deemed not to exceed sixteen\nthousand five hundred dollars.\n  * NB Effective until October 1, 2026\n  * 1. Employer contributions. In the case of any electing employee\ninitially appointed on or before June thirtieth, nineteen hundred\nninety-two, the city shall, during continuance of their employment,\nmakes contributions at the rate of nine percentum of that portion of\ntheir city salary upon which contributions are or may hereafter be paid\nto the secretary of the treasury of the United States pursuant to\narticle three of the retirement and social security law and at the rate\nof twelve percentum of that portion of their city salary above said\namount, out of monies which shall be appropriated to the city university\nfor such purposes. In the case of any electing employee initially\nappointed on or after July first, nineteen hundred ninety-two, the city\nshall, during continuance of their employment, make contributions at the\nrate of eight percentum of their city salary during the first seven\nyears of such employment and at the rate of ten percentum of their city\nsalary, thereafter, out of monies which shall be appropriated to the\ncity university for such purpose, provided however, that effective\nOctober first, two thousand twenty-six, in the case of any electing\nemployee initially appointed on or after April first, two thousand\ntwelve, the city shall, during continuance of their employment, make\ncontributions at the rate of nine percentum of their salary during the\nfirst seven years of such employment and at the rate of eleven percentum\nof their salary thereafter, out of monies which shall be appropriated to\nthe city university for such purpose. For purposes of this subdivision,\nthat portion of the employee's salary upon which contributions are or\nmay thereafter be paid to the secretary of the treasury of the United\nStates pursuant to article three of the retirement and social security\nlaw shall be deemed not to exceed sixteen thousand five hundred dollars.\n  * NB Effective October 1, 2026\n  2. Employee contributions. (a) In the case of any electing employee,\ncontributions at the rate of three percentum of his city salary shall be\ndeducted as the employee contribution by the comptroller, provided\nhowever that such employee contribution shall be made by the city in\naccordance with subdivision one of this section during such period as\neither section seventy-a of the retirement and social security law or\nsection B3-36.1 or section B20-41.1 of the administrative code of the\ncity of New York provides that the contribution of any member of the New\nYork city 

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.