In an earlier post, we talked about how full-time and part-time service credit works for NYSLRS members. We mentioned how earning NYSLRS service credit for workers in an educational setting can be a little different, so we want to take this time to elaborate on that.
While most New York teachers are in a separate retirement system from NYSLRS, there are NYSLRS members working in New York schools in other roles. They work according to the school year, which could be only 10 or 11 months long. So how do we determine service credit for them?
Earning NYSLRS Service Credit When You Work Full-Time
If you’re a school employee who works full-time, you receive one year of service per school year. Generally, a full-time 10-month school year requires at least 180 days worked in any school year. Depending on your employer, your full-time academic schedule could require a minimum of 200 or 170 days.
Earning NYSLRS Service Credit When You Work Part-Time
Part-time school employees earn service credit based on the number of days they worked. Depending on the length of your school year, you’d earn service credit the following ways:
For institutional teachers
Number of days worked ÷ 200 days
For all BOCES and school district employees, as well as teachers working at New York State schools for the deaf and blind
Number of days works ÷ 180 days
For college employees
Number of days worked ÷ 170 days
Check Your Member Annual Statement
From May to July, we’ll send out this year’s Member Annual Statements. (Members who work an academic schedule usually receive statements first.) For most members, your statement will show how much service credit you’ve earned for the past fiscal year (April 1, 2015 – March 31, 2016). It will also show your total service credit as of March 31, 2016. Make sure to look it over to see how much service credit you’ve earned over your career.