Title RSS, Retirement & Social Security

§ 168. Reimbursement for payments to state retired teachers. As soon as practicable after the close of each fiscal year of the state, the comptroller shall certify to the commissioner of education a statement of the total amount paid out by him during such fiscal year to state r…

§ 169. Reimbursement by participating employers for payments to certain state retired employees. 1. Each participating employer of the New York state employees' retirement system, as defined in subdivision twenty of section two of this chapter, shall contribute to the cost of pr…

§ 17. Annual appropriation by participating employers. a. On or before\nthe fifteenth day of November, nineteen hundred eighty-nine and of each\nsucceeding calendar year, the comptroller shall determine the amount\nwhich each participating employer is required to pay to the reti…

§ 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 sect…

§ 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, tw…

§ 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 abo…

§ 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 ab…

§ 170. Reimbursement of supplemental pension fund by the state. The comptroller shall include with his budget estimate furnished to the governor for each fiscal year amounts estimated by him to be sufficient to reimburse the supplemental pension fund for: (a) the cost of providi…

§ 171. Restriction on use of retirement or pension funds. No moneys belonging to any publicly administered and operated retirement or pension system or plan shall be appropriated or used for any purpose, or for any payment, authorized or required by this article.

§ 172. Effect of unconstitutionality in part. If any clause, sentence, paragraph, subdivision, section or part of this article shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but …

§ 173. References in laws and documents. Reference in any general, special or local law, rule, regulation or public document to an existing section, subdivision or other provision of the supplemental pension act, as in force immediately prior to July first, nineteen hundred fift…

§ 176. Definitions. 1. The term "fund", as used in this article four-a, shall mean any public retirement system or pension fund which grants retirement or pension benefits to employees of the city of New York, employees of the state of New York, employees of any department or ag…

§ 177. Eligible investments. In addition to the powers contained in any other provision of law, including the provisions of the administrative code of the city of New York, the trustee or trustees of a fund shall have the power to invest the moneys thereof in: 1. Such securities…

§ 177-a. Investment in certain conventional mortgages. Notwithstanding any provision contained in this chapter or any other general, special or local law or code to the contrary, within the limitations authorized for investment in conventional mortgages, the trustees of the fund…

§ 177-c. Investment in mortgage pass-through certificates. Notwithstanding the provisions of section one hundred seventy-seven, or of section one hundred seventy-eight of this article, the trustees of any fund may invest in mortgage pass-through certificates. As used in this sec…

§ 177-d. Security loan agreements. 1. A fund may enter into security loan agreements with broker-dealers and with New York state or national banks for the purpose of prudently supplementing the income normally received from investments. 2. The trustees of the funds involved shal…

§ 178. Additional limitations on eligible investments. Notwithstanding any other provision of law, including the provisions of the administrative code of the city of New York, the trustee or trustees of a fund shall not have the power to invest in any insured mortgage or convent…

§ 178-a. Custody and nominee registration of stock and securities. 1. Notwithstanding any other provision of law, including the provisions of the administrative code of the city of New York and the education law, the public officer or officers designated by law as the custodian …

§ 179. Investments in municipal assistance corporation obligations; indemnification. 1. It is hereby found and declared that obligations of the municipal assistance corporation for the city of New York are reasonable, prudent, proper and legal investments for any fund described …

§ 179-a. Construction. In the event of any conflict or inconsistency between the provisions of this article four-a and the provisions of any other provision of law as to the percentage of assets of a fund which may be invested in any one type of investment or in any one particul…

§ 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 reserve…

§ 180. Construction. a. An act of the legislature of the year nineteen hundred fifty-five or nineteen hundred fifty-six which, in form, amends or repeals or purports to amend or repeal any provision or provisions of the supplemental pension act or of article four, five or six of…

§ 181. Laws repealed. Of the laws enumerated in the schedule hereto annexed, that portion specified in the last column is hereby repealed:

§ 182. Effective date. This act shall take effect July first, nineteen hundred fifty-six. The right to change, alter, amend or repeal this act or any part thereof prior to that date is hereby reserved.

§ 185. Definitions. As used in this article, unless a different meaning clearly appears from the context: a. The term "fund" shall mean any public retirement system or pension fund which grants retirement or pension benefits to employees of the city of New York, employees of the…

§ 186. Public pension fund group life insurance. The trustee or trustees of a fund are authorized to take such steps as are necessary to afford any ordinary death benefit provided by such fund in the form of group life insurance upon a determination that to do so would guarantee…

§ 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 d…

§ 19-a. Employer contributions for the two thousand ten - two thousand eleven fiscal year and subsequent fiscal years. a. In addition to the definitions in section two of this article, when used in this section: (1) "Amortizing employer" shall mean an employer that elects to amo…

§ 190. Short title. This act may be cited as the "Supplemental Retirement Allowance Act."

§ 191. Definitions. As used in this act:\n a. The term "state retired employee" shall mean a person sixty-two\nyears of age or older who is retired, or any person retired for\ndisability regardless of age, and receives, as a result of such\nretirement, a retirement allowance or …

§ 192. Supplemental retirement allowances of retired employees.\nNotwithstanding any other provision of the retirement and social\nsecurity law, any state retired employee or state retired teacher, as\ndefined by section one hundred ninety-one of this article, who, unless\nretir…

§ 193. Authorization to municipalities to adopt necessary local laws, ordinances or resolutions. Any municipality is hereby authorized and empowered to adopt and amend a local law, ordinance or resolution providing for supplemental retirement allowance payments both to local ret…

§ 194. Payment of supplemental retirement allowances. On or before\nthe last day of each month, there shall be paid to each state retired\nemployee and state retired teacher, from the supplemental pension fund,\nthe monthly supplemental retirement allowance payment to which he m…

§ 195. Rules and regulations. The comptroller shall prescribe such rules and regulations as may be required for the effective administration of the provisions of this article relating to supplemental retirement allowance payments to state retired teachers and state retired emplo…

§ 196. Information to be furnished to comptroller. The comptroller shall have authority to require any department or agency of the state to furnish him with such records, information and data as he may need to carry out the provisions of this article.

§ 197. Supplemental pension fund. As used in this article the supplemental pension fund is the special fund as provided by section one hundred sixty-seven of the retirement and social security law.

§ 198. Reimbursement for payments to state retired teachers. As soon as practicable after the close of each fiscal year of the state, the comptroller shall certify to the commissioner of education a statement of the total amount paid out by him during such fiscal year to state r…

§ 199. Reimbursement by participating employers for payments to certain state retired employees. a. Each participating employer of the New York state employees' retirement system, as defined in subdivision twenty of section two of the retirement and social security law, shall co…

§ 2. Definitions. The following words and phrases as used in this\narticle shall have the following meanings unless a different meaning is\nplainly required by the context:\n 1. "Accumulated contributions." The sum of all the amounts deducted\nfrom the compensation of a member o…

§ 20. The funds of the retirement system. The funds hereby continued\nare the annuity savings fund, the annuity reserve fund, the pension\naccumulation fund and the pension reserve fund.\n

§ 200. Reimbursement of supplemental pension fund by the state. The comptroller shall include with his budget estimate furnished to the governor for each fiscal year amounts estimated by him to be sufficient to reimburse the supplemental pension fund for: a. The cost of providin…

§ 201. Restriction on use of retirement or pension funds. No moneys belonging to any publicly administered and operated retirement or pension system or plan shall be appropriated or used for any purpose, or for any payment, authorized or required by this article.

§ 202. Limitations on obligations. The supplemental retirement allowances provided pursuant to this article shall not constitute membership in a pension or retirement system of the state or of a political subdivision thereof, nor shall the granting of such allowances create a co…

§ 203. Effect of unconstitutionality in part. If any clause, sentence, paragraph, subdivision, section or part of this article shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but …

§ 21. Members' contributions and their use; annuity savings fund. a.\nThe annuity savings fund shall be the fund in which shall be accumulated\nall contributions made by members to provide for their annuities and\ntheir withdrawal allowances.\n b. Upon the basis of tables adopte…

§ 210. Definitions. As used in this article: a. The term "retired person" means a retired member of a retirement system or pension plan administered by the state or any of its political subdivisions who is receiving a retirement allowance for other than physical disability. b. T…

§ 211. Employment of retired persons without diminution of retirement\nallowance. 1. Notwithstanding the provisions of sections one hundred\none, two hundred twelve and four hundred one of this chapter or section\nfive hundred three of the education law, or the provisions of any…

§ 212. Employment of retired persons. 1. Notwithstanding the\nprovisions of section one hundred one, two hundred eleven or four\nhundred one of this chapter or of section five hundred three of the\neducation law, or the provisions of any local law or charter, any\nretired person…

§ 213. Membership in retirement system or service credit not allowed for employment under this article. a. The provisions of any local law or charter notwithstanding, no retired person employed in public service pursuant to the provisions of this article shall be required or per…

§ 214. Continuation of employment privilege of certain retired persons. Notwithstanding any provision of this article, a retired person employed prior to July first, nineteen hundred sixty-four, under the provisions of subdivision f of section one hundred one of the retirement a…