New York Laws
Article 11 - State Teachers' Retirement System for Public School Teachers
518 - Pension Reserve Fund.

§ 518. Pension reserve fund. The pension reserve fund shall be the
fund from which shall be paid the pensions to new entrants on account of
which reserves shall be transferred from the pension accumulation fund.
Should any disability pension payable from said fund be canceled, the
pension reserve thereon shall thereupon be transferred from the pension
reserve fund to the pension accumulation fund. Should the pension of a
disability beneficiary be reduced as a result of an increase in his
earning capacity, the amount of the annual reduction in his pension
shall be paid annually into the pension accumulation fund during the
period of such reduction.

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