2023 New York Laws › EDN - Education › Title 1 - General Provisions › Article 11 - State Teachers' Retirement System for Public School Teachers › 510 - Superannuation Retirement.

§ 510. Superannuation  retirement. 1. Retirement upon a superannuation
  allowance shall be made under the following conditions:
a. A member who has completed  twenty-five  years  of  total  credited
  service  and  who  has  attained the age of sixty years or over while in
  service, or any member who has  completed  thirty-five  years  of  total
  credited service shall be retired, if he files with the retirement board
  a  statement  duly  attested  setting  forth  at what time not less than
  thirty days nor more than ninety days subsequent to  the  execution  and
  filing thereof he desires such retirement.
b.  Any  member who has attained age seventy may be retired at his own
  request or at the request of his employer if he or  his  employer  files
  with  the  retirement  board  a statement duly attested setting forth at
  what time subsequent to the execution and filing thereof  retirement  is
  desired,  and if throughout the year immediately preceding the filing of
  such statement he shall have been in service as a teacher in this state.
  The retirement board  shall  retire  said  member  as  of  the  date  so
  specified  or as of such other time within thirty days thereafter as the
  retirement board may find advisable.
2.  Upon  superannuation  retirement  a   member   shall   receive   a
  superannuation retirement allowance which shall consist of:
a.  An  annuity  which  shall  be  the  actuarial  equivalent  of  his
  accumulated contributions at the time of his retirement, and
b. A pension of one quarter (1/4) of his final average  salary  or  if
  his  total  service  is  less  than  twenty-five years, a pension of one
  one-hundredth (1/100) of his final  average  salary  multiplied  by  the
  number of years of total service, and
c.  A further pension of one one-hundred fortieth (1/140) of his final
  average salary multiplied by the number of years of total state  service
  in excess of thirty-five years, and
d.  If  the  member  be  a  present  teacher, a further pension of one
  one-hundred fortieth (1/140) of his final average salary  multiplied  by
  the  number  of  years  of  total service certified on his prior service
  certificate, and
e.  If  the  member  has  contributed  pursuant  to  paragraph  c   of
  subdivision  three of section five hundred sixteen, a further pension of
  one one-hundred twentieth (1/120) of his final average salary  for  each
  year  of  total service in excess of twenty-five years but not in excess
  of thirty-five years, nor in excess of the number  of  years  for  which
  credit is allowed under paragraph d of subdivision three of section five
  hundred sixteen, and
f. A further pension, of such amount as shall be required to bring the
  total  retirement allowance of members with twenty-five or more years of
  state service up to four hundred dollars per annum, and
g. The provision of paragraph (c) of subdivision two of  this  section
  shall  apply  only  to  members  retiring on and after the date on which
  paragraph (c) of subdivision two of this section becomes operative.