NY Educ L § 526 (2021)
2021 New York Laws EDN - Education Title 1 - General Provisions Article 11 - State Teachers' Retirement System for Public School Teachers 526 - Merger of Local Teachers' Retirement and Pension Systems With the State System.

§ 526. Merger  of  local teachers' retirement and pension systems with   the state system.  1. On April ninth, nineteen hundred twenty-three, the   public school teachers'  retirement  fund  or  system  or  the  teachers   retirement  or  pension  system  of  every  city  of  the state having a   population of less than one million, created, established or  maintained   under  and  pursuant  to  the  provisions  of any local act, having been   dissolved and discontinued and said systems at such time having become a   part of and been merged with the New  York  state  teachers'  retirement   system  created, established and maintained as provided in this article,   on and after such date the  provisions  of  this  article  shall  apply,   except  as  herein otherwise provided, to the city in and for which such   local system was created, established and maintained and to the teachers   employed in the public schools therein, to the same extent and with  the   same purpose and effect as though the said system in every such city had   been  dissolved  and  discontinued  and  had  become a part of the state   teachers' retirement system  under  the  provisions  of  former  section   eleven  hundred  nine-b  of  the education law, as added by chapter four   hundred forty-nine of the laws of  nineteen  hundred  eleven,  prior  to   August first, nineteen hundred twenty-one.Within  thirty  days after April ninth, nineteen hundred twenty-three,   the trustees or other officers of any public school teachers' retirement   fund or system dissolved and discontinued shall cause to be  transferred   to  the  state  treasurer  as  ex officio treasurer and custodian of the   funds of the New York state teachers' retirement system all the funds to   the  credit  of  such  retirement  fund  or  system  so   dissolved   or   discontinued. The treasurer or other custodian of any such public school   teachers' retirement fund or system dissolved and discontinued shall pay   and  account  for  all  moneys or funds in his possession, at such time,   belonging to such retirement fund or system to the said state  treasurer   as ex officio treasurer and custodian of the funds of the New York state   teachers'  retirement system, and the funds so paid over shall thereupon   become a part of  the  retirement  fund  of  New  York  state  teachers'   retirement system.2.  All  members  of  any public school teachers' retirement system or   fund, dissolved and discontinued as herein provided, who are eligible to   membership under the provisions of this article, may become  members  of   the   state   teachers'  retirement  system,  upon  complying  with  the   provisions of this article.3. All persons who  had  been  placed  upon  the  retirement  list  in   accordance with the provisions of the act creating any now dissolved and   discontinued  teachers' retirement system or fund, prior to April ninth,   nineteen hundred twenty-three, shall be entitled  to  receive  the  same   amounts  which  they  would  have  been  entitled  to  receive under the   provisions of this article if the said retirement  fund  or  system  had   been dissolved or discontinued as provided by law prior to August first,   nineteen  hundred  twenty-one.  And  the  amount paid to such annuitants   shall in no  case  be  less  than  the  amount  which  they  would  have   respectively  received  had  the retirement system or fund of which they   were members not been dissolved and discontinued as herein provided.