If you join the Retirement System on the day you begin employment with a participating employer, we calculate your retirement service credit by subtracting your beginning date of employment from the date you actually leave paid employment, as long as:
- You work on a full-time, continuous basis; and
- You earn at least the annual equivalent of New York State’s annual minimum wage for your full career in public service.
“Full-time” is defined by your employer, but must be at least six hours per day, for a five-day week.
Part-time employment is credited as the lesser of:
number of days worked ÷ 260 days
annual salary reported ÷ (State’s hourly minimum wage × 2,000)