§ 616 — Transfer of membership

§ 616. Transfer of membership. Any employee of the board of education\nof the city of New York who is a member of the New York city employees'\nretirement system may elect to transfer membership to the New York city\nboard of education retirement system. Any election pursuant to this\nsection shall be made no later than the one hundred eightieth day next\nsucceeding the date on which the provisions hereof become effective, by\nfiling a written notice thereof with the administrative head of the New\nYork city employees' retirement system and the New York city board of\neducation retirement system and, once made and filed, such election\nshall be irrevocable. Where an employee of the board of education\nbecomes a member of the New York city board of education retirement\nsystem pursuant to this section the New York city employees' retirement\nsystem shall make a transfer of reserves, contributions, and credits to\nthe New York city board of education retirement system in the manner\nrequired by section forty-three of this chapter.\n