Participation in public employee retirement systems.
Last Reviewed December 2010
8 NY ADC 119.2
8 NYCRR 119.2
8 N.Y. Comp. Codes R. & Regs. 119.2
OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 8. EDUCATION DEPARTMENT
CHAPTER II. REGULATIONS OF THE COMMISSIONER
SUBCHAPTER E. ELEMENTARY AND SECONDARY EDUCATION
PART 119. CHARTER SCHOOLS
Current through December 15, 2010
* Section 119.2.* Participation in public employee retirement systems.
A charter school may elect to treat its instructional employees or its non-instructional employees, or both, as private employees for purposes of retirement benefits or to have its instructional employees or its non-instructional employees, or both, treated as public employees for retirement purposes in accordance with the provisions of this section.
(a) A charter school shall be eligible to become a participating employer in a public employee retirement system participated in by the local school district in which the charter school is located.
(b) A charter school seeking to become a participating employer in a public employee retirement system shall make application for admission to such system in the manner prescribed by such system.
(c) Once a charter school has been accepted as a participating employer by a public employee retirement system, such participation may not be revoked by the charter school. A charter school participating in a public employee retirement system shall bear all the responsibilities and obligations of a participating employer in such system. Among other things, the charter school shall be responsible for the timely collection of employee contributions and the timely payment of employer and employee contributions to the public employee retirement system. A charter school shall also maintain such records of service and compensation as may be required by the public employee retirement system.
(d) Employees of a charter school participating in a public employee retirement system shall be deemed public employees for retirement purposes and eligible for admission to membership in a public employee retirement system in which the charter school participates on the same basis as comparable employees of the local school district in which the charter school is located.
(e) In the event a charter school is admitted as a participating employer in a public employee retirement system after it has commenced operation, the employees of the charter school may be credited with such prior service with the charter school as shall be certified by the charter school to have been rendered to it and otherwise creditable in such system, provided and only to the extent the applicable employer and employee contributions for such service with applicable interest as determined by such system have been paid to such system for such service.
(f) For the purposes of section 2855 of the Education Law, the material and substantial failure of a charter school to make timely collection of employee contributions and to make timely payment of employer and employee contributions to a public employee retirement system shall constitute fiscal mismanagement.
8 NY ADC 119.2
8 NY ADC 119.2
2008 WL 75116395
8 NY ADC 119.2END OF DOCUMENT
Disclaimer: These Rules of the Regents and Regulations of the Commissioner of Education ("regulations") are unofficial, and are presented for general informational purposes as a public service. Although reasonable efforts have been made to ensure that these regulations are current, complete and accurate, the State Education Department does not warrant or represent that they are current, complete and accurate. These regulations are subject to change on a regular basis. Readers are advised to consult Title 8 of the Official Compilation of Codes, Rules and Regulations of the State of New York (8 NYCRR), published by the Department of State, and the State Register for the official exposition of the text of these regulations, as well as for amendments and any subsequent changes or revisions thereto.