Title RSS, Retirement & Social Security

§ 214-a. Continuation of service as elected official by certain retired persons. Notwithstanding the provisions of this chapter or any other state or local law to the contrary, an elected county, city, town, or village official may continue in a current term of such elective off…

§ 214-b. Pension rights of certain retired persons who are appointed to the office of New York city marshal. a. Notwithstanding the provisions of this chapter or the provisions of any state or local law or charter to the contrary, no retired person who retired from (1) the New Y…

§ 215. Effective period. The privilege granted by this article to retired persons to continue as such and earn compensation in positions in public service shall remain in full force and effect until December thirty-first, nineteen hundred seventy-four.

§ 216. Constitutional convention delegates and employees. a. Notwithstanding anything to the contrary contained in this article or any other section of this chapter or any other provision of any general or local law, a member retired from any public pension system of the state, …

§ 217. Reporting requirements; school salary transparency and disclosure. 1. A school district and a board of cooperative educational services shall report all money earned by a retired person in their employ that is in excess of the earnings limitation outlined in section two h…

§ 22. Members' contributions and their use; annuity reserve fund. a.\nThe annuity reserve fund shall be the fund from which shall be paid all\nannuities and all benefits in lieu of annuities, payable pursuant to\nthis article.\n b. Upon retirement, a member's accumulated contrib…

§ 23. Employers' contributions and their use; pension accumulation\nfund. a. Except as otherwise provided pursuant to this article, the\npension accumulation fund shall be the fund in which shall be\naccumulated:\n 1. All contributions made by employers, and\n 2. All income rece…

§ 23-a. Statement of intent. a. This legislation is intended, by means of a comprehensive reform program, to strengthen the long-term fiscal health of the retirement system, to reduce the volatility of contribution rates and to provide budget certainty for participating employer…

§ 24. Employers' contributions and their use; pension reserve fund.\na. The pension reserve fund shall be the fund from which shall be paid\nall pensions and all other benefits, except ordinary death benefits,\npayable wholly out of contributions made to the pension accumulation…

§ 25. Appropriations in retirement bills. The state shall make a\npayment to the retirement system in an amount equal to the value of the\nbenefits associated with prior service upon the enactment of a bill\nwhich enacts or amends any provision of law relating to a retirement\ns…

§ 290. Short title of article. This article shall be known and may be cited as the "Police and Fire Retirement System Act."

§ 292. Legislative intent. It is the intent of the legislature, by the enactment of this article, to establish a separate retirement system for police officers and firefighters and to transfer thereto all police officers and firefighters who, on the effective date of such articl…

§ 293. Transfer of assets and liabilities. a. As used in this section, "assets of the employees' retirement system" means the assets of such system as shown on page four of the annual report as of March thirty-first, nineteen hundred sixty-seven, prepared for the New York state …

§ 294. Transfer of retirement membership, contributions, reserves and other credits of police officers and firefighters, and certain other persons. a. The membership in the employees' retirement system of police officers and firefighters on the effective date of this article, an…

§ 295. Payment of retirement allowances and transfer of reserves. a. On the effective date of this article, all retired police officers and firefighters, and other persons who have retired pursuant to the provisions of sections eighty-one through eighty-eight, inclusive, of this…

§ 296. Continuation of certain tables and rates. All tables, schedules, rates (including but not limited to regular and special deficiency rates), regular and special deficiency periods, and other actuarial tables, rates and procedures in effect and used by the employees' retire…

§ 297. Transfer of records and documents. Records and documents of the employees' retirement system relating to police officers and firefighters and other persons who are members of such system pursuant to sections eighty-one to eighty-eight, inclusive, shall be transferred to t…

§ 298. Temporary advances. At any time after this article shall become law and prior to the date upon which assets and other funds are transferred from the employees' retirement system to the retirement system established by this article, the comptroller is empowered, upon his w…

§ 30. Participation by municipalities. a. A municipality may elect to\nparticipate in the retirement system. Such election shall be exercised\nby the adoption of a resolution approved by its local legislative body\nand any other body or officer required by law to approve resolut…

§ 302. 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…

§ 31. Participation by public or quasi-public organizations. a. Any\npublic or quasi-public organization created wholly or partly or deriving\nits powers by the legislature of the state and which organization\nemploys persons engaged in service to the public or any state agency …

§ 31-a. Participation by school district public libraries. a. A school district public library, by resolution legally adopted by its board of trustees, may elect to become a participating employer in the retirement system, separate and distinct from the school district. Acceptan…

§ 31-b. Participation by the Upper Hudson Library System. a. The Upper Hudson Library System may, by resolution adopted by its board of trustees and approved by the comptroller, elect to participate in the retirement system. Acceptance of its employees for membership in the reti…

§ 31-c. Participation by the Metropolitan Reference and Research Library Agency. a. The Metropolitan Reference and Research Library Agency may, by resolution adopted by its board of trustees and approved by the comptroller, elect to participate in the retirement system. Acceptan…

§ 31-d. Participation by the Pioneer Library System. a. The Pioneer Library System may, by resolution adopted by its board of trustees and approved by the comptroller, elect to participate in the retirement system. Acceptance of its employees for membership in the retirement sys…

§ 31-e. Participation by the Keuka Lake watershed improvement cooperative. a. The Keuka Lake watershed improvement cooperative, by resolution legally adopted by its board of directors, may elect to become a participating employer in the retirement system. Acceptance of the Keuka…

* § 31-f. Participation by the Henry Viscardi school. a. The Henry Viscardi school may, by resolution adopted by its board of trustees and approved by the comptroller, elect to participate in the retirement system. Acceptance of its employees for membership in the retirement sys…

* § 31-f. Participation by the Northern Westchester joint water works. a. The Northern Westchester joint water works may, by resolution adopted by its board of trustees and approved by the comptroller, elect to participate in the retirement system. Acceptance of its employees fo…

§ 310. Retirement system established; a corporation. The policemen's and firemen's retirement system is hereby established. Such system shall have the powers and privileges of a corporation and shall be known as the "New York State and local Police and Fire Retirement System." A…

§ 311. Duties of comptroller; the actuary. a. The comptroller shall be the administrative head of the police and fire retirement system. Subject to the limitations of this article and of law, he or she shall adopt and may amend, from time to time, rules and regulations for the a…

§ 312. Statement of services. a. It shall be the duty of the head of each department or agency of the state government employing police officers and/or firefighters, and of the chief fiscal officer of each participating employer, at the request of the comptroller, to submit to h…

§ 313. Management of funds. a. The funds of the police and fire\nretirement system shall be managed in accordance with this section.\n b. The comptroller shall be trustee of the several funds of the police\nand fire retirement system. Such funds shall be invested by the\ncomptro…

§ 314. Legal adviser. The attorney general of the state shall be the legal adviser of the police and fire retirement system.

§ 315. State supervision. The police and fire retirement system established 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 p…

§ 316. 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 an itemized esti…

§ 316-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 sect…

§ 316-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 pro…

§ 316-c. Amortization of a portion of the state's contribution bills 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…

§ 316-d. Amortization of a portion of the state's contribution bills 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 basi…

§ 317. Annual appropriation by participating employers. a. On or before the fifteenth day of November, nineteen hundred eighty-nine and of each succeeding year, the comptroller shall determine the amount which each participating employer is required to pay to the police and fire…

§ 317-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…

§ 317-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, t…

§ 317-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 ab…

§ 317-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 a…

§ 318. 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 reserv…

§ 319. 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 and local police and fire retirement system, within a prescribed period of time or by a specified …

§ 319-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 three hundred two of this article, when used in this section: (1) "Amortizing employer" shall mean an employer tha…

§ 32. Participation by certain New York city libraries. a. The boards\nof trustees of The New York Public Library, Astor, Lenox and Tilden\nFoundations, The Brooklyn Public Library and The Queens Borough Public\nLibrary, which organizations employ persons engaged in service to t…

§ 320. The funds of the police and fire retirement system. The funds hereby created are as follows: (a) the police and fire annuity savings fund, hereinafter referred to as the annuity savings fund; (b) the police and fire annuity reserve fund, hereinafter referred to as the ann…

§ 321. Members' contributions and their use; annuity savings fund. a.\nThe annuity savings funds shall be the fund in which shall be\naccumulated all contributions made by members to provide for their\nannuities and their withdrawal allowances.\n b. Upon the basis of tables adop…