Legislation
SECTION 294
Transfer of retirement membership, contributions, reserves and other credits of police officers and firefighters, and certain other persons
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 8, TITLE 1
§ 294. Transfer of retirement membership, contributions, reserves and
other credits of police officers and firefighters, and certain other
persons. a. The membership in the employees' retirement system of police
officers and firefighters on the effective date of this article, and of
all persons who are members of such system on such date and contributing
pursuant to the provisions of sections eighty-one through eighty-eight,
inclusive, of this chapter as in force and effect immediately prior to
the effective date of this article, shall be transferred to the
retirement system established by this article on the effective date
thereof. All such persons transferred to the retirement system
established pursuant to the provisions of this article shall be entitled
to all prior service credits and member service credits and to all the
rights, privileges, immunities, benefits, refunds, increases, advances,
insurance, pensions, annuities, retirement allowances, death benefits
and options and shall be subject to all obligations, dues, duties and
requirements to which they were entitled or were subject, as the case
may be, pursuant to the provisions of article two of this chapter.
Persons becoming members of the retirement system established by this
article subsequent to March thirty-first, nineteen hundred sixty-seven,
and who are entitled to credit for service rendered as a member of the
employees' retirement system shall be entitled to the same credit for
such service pursuant to this article.
b. Accumulated contributions, reserves and any other credits standing
to the credit of persons enumerated in subdivision a of this section
shall be transferred to the credit of such persons in the retirement
system established by this article. Members so transferred shall
continue to contribute at the same rate as applied to them individually
in the employees' retirement system and they shall continue to be
entitled to the same rights, benefits and privileges as they were
entitled to as members of the employees' retirement system on the
effective date of this article.
other credits of police officers and firefighters, and certain other
persons. a. The membership in the employees' retirement system of police
officers and firefighters on the effective date of this article, and of
all persons who are members of such system on such date and contributing
pursuant to the provisions of sections eighty-one through eighty-eight,
inclusive, of this chapter as in force and effect immediately prior to
the effective date of this article, shall be transferred to the
retirement system established by this article on the effective date
thereof. All such persons transferred to the retirement system
established pursuant to the provisions of this article shall be entitled
to all prior service credits and member service credits and to all the
rights, privileges, immunities, benefits, refunds, increases, advances,
insurance, pensions, annuities, retirement allowances, death benefits
and options and shall be subject to all obligations, dues, duties and
requirements to which they were entitled or were subject, as the case
may be, pursuant to the provisions of article two of this chapter.
Persons becoming members of the retirement system established by this
article subsequent to March thirty-first, nineteen hundred sixty-seven,
and who are entitled to credit for service rendered as a member of the
employees' retirement system shall be entitled to the same credit for
such service pursuant to this article.
b. Accumulated contributions, reserves and any other credits standing
to the credit of persons enumerated in subdivision a of this section
shall be transferred to the credit of such persons in the retirement
system established by this article. Members so transferred shall
continue to contribute at the same rate as applied to them individually
in the employees' retirement system and they shall continue to be
entitled to the same rights, benefits and privileges as they were
entitled to as members of the employees' retirement system on the
effective date of this article.