Title RSS, Retirement & Social Security

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

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

§ 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\nSeptember first, nineteen hundred eighty-nine, on the basis of the\nannual actuarial valuation and appraisal procedure provided for in this\narticle, the comptroller shall determine the annual amounts that, had\nthis …

§ 17-b. Amortization of a portion of the bills for participating\nemployers for the two thousand four--two thousand five fiscal year. a.\nIf the comptroller, in his or her discretion, decides to permit\namortization of employer contributions, then, on or about October\nfifteenth…

§ 17-c. Amortization of a portion of the bills for participating\nemployers for the two thousand five--two thousand six fiscal year. a. If\nthe comptroller, in his or her discretion, decides to permit\namortization of employer contributions pursuant to this section, then,\non or…

§ 17-d. Amortization of a portion of the bills for participating\nemployers for the two thousand six--two thousand seven fiscal year. a.\nIf the comptroller, in his or her discretion, decides to permit\namortization of employer contributions pursuant to this section, then,\non o…

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

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

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

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

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

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

§ 177-a. Investment in certain conventional mortgages.\nNotwithstanding any provision contained in this chapter or any other\ngeneral, special or local law or code to the contrary, within the\nlimitations authorized for investment in conventional mortgages, the\ntrustees of the …

§ 177-c. Investment in mortgage pass-through certificates.\nNotwithstanding the provisions of section one hundred seventy-seven, or\nof section one hundred seventy-eight of this article, the trustees of\nany fund may invest in mortgage pass-through certificates. As used in\nthis…

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

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

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

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

§ 179-a. Construction. In the event of any conflict or inconsistency\nbetween the provisions of this article four-a and the provisions of any\nother provision of law as to the percentage of assets of a fund which\nmay be invested in any one type of investment or in any one parti…

§ 18. Guaranty. a. The latest employers of the different members\nshall be obligated for:\n 1. Regular interest charges payable, and special interest, if any, and\n 2. The creation and maintenance of reserves in the pension\naccumulation fund, and\n 3. The maintenance of annuity…

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

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

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

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

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

§ 19. Filing of documents with the retirement system. Whenever a\nstatute requires that a document be filed with the state comptroller, as\nadministrative head of the New York state employees' retirement system,\nwithin a prescribed period of time or by a specified date, and suc…

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

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

§ 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,\nordinances or resolutions. Any municipality is hereby authorized and\nempowered to adopt and amend a local law, ordinance or resolution\nproviding for supplemental retirement allowance payments both to local\…

§ 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\nrules and regulations as may be required for the effective\nadministration of the provisions of this article relating to\nsupplemental retirement allowance payments to state retired teachers and\nstate retired e…

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

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

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

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

§ 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\ncomptroller shall include with his budget estimate furnished to the\ngovernor for each fiscal year amounts estimated by him to be sufficient\nto reimburse the supplemental pension fund for:\n a. The cost of pro…

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

§ 202. Limitations on obligations. The supplemental retirement\nallowances provided pursuant to this article shall not constitute\nmembership in a pension or retirement system of the state or of a\npolitical subdivision thereof, nor shall the granting of such allowances\ncreate …

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

§ 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:\n a. The term "retired person" means a retired member of a retirement\nsystem or pension plan administered by the state or any of its political\nsubdivisions who is receiving a retirement allowance for other than\nphysical disability.…

§ 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\nfor employment under this article. a. The provisions of any local law\nor charter notwithstanding, no retired person employed in public service\npursuant to the provisions of this article shall be required or\…

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