New York · statute · N.Y. Retirement & Social Security Law · 637 active provisions
CHAPTER 687 AN ACT in relation to the retirement of certain public officers and employees and to old-age and survivors insurance coverage, constituting chapter fifty-one-a of the consolidated laws Became a law April 25, 1955, with the approval of the Governor. Passed, by a majority vote, three-fifths being present The…
ARTICLE 1 SHORT TITLE Section 1. Short title of chapter.
Section 1. Short title of chapter. This chapter shall be known and may be cited as the "Retirement and Social Security Law".
ARTICLE 2 NEW YORK STATE EMPLOYEES' RETIREMENT SYSTEM
TITLE 1 Section 2. Definitions.
§ 2. Definitions. The following words and phrases as used in this article shall have the following meanings unless a different meaning is plainly required by the context: 1. "Accumulated contributions." The sum of all the amounts deducted from the compensation of a member or contributed by him, standing to the credit o…
TITLE 2 ESTABLISHMENT, MANAGEMENT, SUPERVISION AND FINANCING Section 10. The retirement system continued; a corporation. 11. Duties of comptroller; the actuary. 12. Classification of members. 13. Management of funds. 14. Legal adviser. 15. State supervision. 16. Annual appropriation by state. 16-a. Amortization of amou…
§ 10. The retirement system continued; a corporation. The retirement system, as established by chapter seven hundred forty-one of the laws of nineteen hundred twenty, as amended, is hereby continued. Such system shall continue to have the powers and privileges of a corporation and shall be known as the "New York State…
§ 11. Duties of comptroller; the actuary. a. The comptroller shall be the administrative head of the retirement system. Subject to the limitations of this article and of law, he shall adopt and may amend, from time to time, rules and regulations for the administration and transaction of the business of the retirement s…
§ 12. Classification of members. a. It shall be the duty of the head of each department of the state government, and of the chief fiscal officer of each participating employer, at the request of the comptroller, to submit to him a statement showing the name, title, compensation, duties, date of birth and length of gove…
§ 13. Management of funds. a. The funds of the retirement system shall be managed in accordance with this section. b. The comptroller shall be trustee of the several funds of the retirement system. Such funds shall be invested by the comptroller in securities in which he is authorized by law to invest the funds of the…
§ 14. Legal adviser. The attorney-general of the state shall be the legal adviser of the retirement system.
§ 15. State supervision. The retirement system continued by this article shall be subject to the supervision of the superintendent of financial services. Such supervision shall be in accordance with the provisions of the insurance law to the extent that such provisions are applicable to the retirement system and are no…
§ 16. Annual appropriation by state. a. Upon the basis of each annual actuarial valuation and appraisal provided for in this article, the comptroller, on or before the fifteenth day of October of each year, shall prepare and file with the director of the budget and the chairperson of the senate finance committee and th…
§ 16-a. Amortization of amounts outstanding. a. On or before September first, nineteen hundred eighty-six, on the basis of the annual actuarial valuation and appraisal procedure provided for in this article, the comptroller shall determine the annual amounts that, had this section not been enacted, would have been requ…
§ 16-b. Notice of change. (1) The comptroller, on or before the fifteenth day of October of each year, shall submit to the director of the division of the budget and the chairmen of the senate finance committee and the assembly ways and means committee written notice of any proposed material change in the annual actuar…
§ 16-c. Amortization of a portion of the state's contribution bill for fiscal year ending March thirty-first, two thousand five. a. If the comptroller, in his or her discretion, decides to permit amortization of employer contributions, then, on or before October fifteenth, two thousand three on the basis of the annual…
§ 16-d. Amortization of a portion of the state's contribution bill for fiscal year ending March thirty-first, two thousand six. a. If the comptroller, in his or her discretion, decides to permit amortization of employer contributions pursuant to this section, then, on the basis of the annual actuarial valuation made as…
§ 17. Annual appropriation by participating employers. a. On or before the fifteenth day of November, nineteen hundred eighty-nine and of each succeeding calendar year, the comptroller shall determine the amount which each participating employer is required to pay to the retirement system to discharge its obligations t…
§ 17-a. Amortization of amounts outstanding. a. On or before September first, nineteen hundred eighty-nine, on the basis of the annual actuarial valuation and appraisal procedure provided for in this article, the comptroller shall determine the annual amounts that, had this section not been enacted, would have been req…
§ 17-b. Amortization of a portion of the bills for participating employers for the two thousand four--two thousand five fiscal year. a. If the comptroller, in his or her discretion, decides to permit amortization of employer contributions, then, on or about October fifteenth, two thousand three, on the basis of the ann…
§ 17-c. Amortization of a portion of the bills for participating employers for the two thousand five--two thousand six fiscal year. a. If the comptroller, in his or her discretion, decides to permit amortization of employer contributions pursuant to this section, then, on or about October fifteenth, two thousand four,…
§ 17-d. Amortization of a portion of the bills for participating employers for the two thousand six--two thousand seven fiscal year. a. If the comptroller, in his or her discretion, decides to permit amortization of employer contributions pursuant to this section, then, on or about October fifteenth, two thousand five,…
§ 18. Guaranty. a. The latest employers of the different members shall be obligated for: 1. Regular interest charges payable, and special interest, if any, and 2. The creation and maintenance of reserves in the pension accumulation fund, and 3. The maintenance of annuity reserves and pension reserves, and 4. The paymen…
§ 19. Filing of documents with the retirement system. Whenever a statute requires that a document be filed with the state comptroller, as administrative head of the New York state employees' retirement system, within a prescribed period of time or by a specified date, and such document has been mailed to the comptrolle…