Does any time teaching summer school count for retirement credit?
Service credit for summer school teaching is only accruable for retirement credit if the New York State Teachers’ Retirement System member has not served in a full-time position for the school year. For example, a part-time or per diem employee would earn service credit. Q: I was interested to read about the possibility of allowing members who are at least 55 years old and have worked 25 years the opportunity to retire with 60 percent of their final average salary, with no penalty for retiring before age 62. From your article, I gleaned the Legislature had already passed these proposals, but that the new governor would have to approve. A: The 55/25 bill would eliminate the penalty for not attaining 30 years of credited service. However, that would equate to 50 percent of a member’s FAS (2 percent per year). Neither bill has passed the state Legislature at this time, but NYSUT continues to lobby for passage. Q: I plan to retire in 2007 in my 25th year at age 62, I’m in Tier 4. Is there
