NYSTRS Waiver

I hereby acknowledge that I have been informed by my employer, Colton-Pierrepont Central School District, that as a "teacher" not currently a member of the New York State Teachers' Retirement System who is or will be rendering less than full-time service for the school year, I may, as a matter of right, join the New York State Teachers' Retirement System. I further acknowledge that I understand under present law if I elect to join the New York State Teachers' Retirement System, I must complete a Retirement System membership application which must be filed with the Retirement System in order to be effective. As a result of joining the Retirement System, I will be required to contribute, pursuant to Article 15 of the Retirement and Social Security Law as modified by Chapter 504 of the Laws of 2009, 3.5% of my salary to the Retirement System.

 If I join the System, my beneficiary will be protected by a death benefit should I die in service after I have been credited by the System with one year of service. Upon meeting eligibility requirements, I will be entitled to a lifetime pension at age 55 or a disability pension at an earlier age if I become permanently and totally disabled from gainful employment.

 I also understand if I do not elect to join, I may be unable to obtain credit at a later date for service rendered during the period I was not a member.

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