Title RSS, Retirement & Social Security

§ 1312. Benefit enhancements. Notwithstanding any other law to the contrary, eligible employees shall be permitted to retire, without penalty, upon reaching age fifty-seven and completing at least thirty years of credited service. Employees retiring pursuant to this section shal…

§ 1313. Additional member contributions. Upon election by the state of New York, the retirement system shall require additional member contributions to be paid by all eligible employees. The additional member contributions to be paid by eligible employees shall be of a level so …

§ 1314. Election not collectively bargained. The determination to make an election in accordance with this article shall not be deemed to be, or to relate to or affect, a term and condition of employment within the meaning of article fourteen of the civil service law or any loca…

§ 132. New York state social security agency established. There is hereby established in the state retirement system an agency of the state to be known as the "New York state social security agency." The director shall have charge of such agency.

§ 1320. 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: a. "Retirement system" shall mean the New York city employees' retirement system, the New York city teach…

§ 1321. Election of benefit enhancements. a. The city of New York may elect to provide its employees the benefit enhancements provided for in section thirteen hundred twenty-two of this article. b. A separate election to provide benefit enhancements pursuant to subdivision a of …

§ 1322. Benefit enhancements. Notwithstanding any other law to the contrary, eligible employees shall be eligible to receive benefits specified by the mayor of the city of New York, provided that the petition provided pursuant to subdivision c of section thirteen hundred twenty-…

§ 1323. Additional member contributions. Upon election by the city of New York, the retirement system shall require additional member contributions to be paid by all eligible employees. The additional member contributions to be paid by eligible employees shall be of a level so t…

§ 1324. Election not collectively bargained. The determination to make an election in accordance with this article shall not be deemed to be, or to relate to or affect, a term and condition of employment within the meaning of article fourteen of the civil service law or any loca…

§ 133. Agreement with federal secretary. 1. The director is hereby\nauthorized, on behalf of the state, to enter into an agreement with the\nfederal secretary for the purpose of extending old-age and survivors\ninsurance coverage to eligible employees of the state or of any\npol…

§ 134. Contributions by state employees. 1. Every employee of the\nstate, whose services are covered by the agreement with the federal\nsecretary entered into pursuant to section one hundred thirty-three of\nthis chapter, shall be required to pay into the contribution fund for\n…

§ 135. Contributions by the state. 1. On the certificate of the comptroller, or his designee, and after audit by and upon the warrant of the comptroller, there shall be paid into the contribution fund from time to time from moneys appropriated therefor, contributions with respec…

§ 136. Agreements with political subdivisions. 1. By the adoption of a resolution in the manner provided by subdivision a of section thirty of this chapter, any political subdivision may elect to extend old-age and survivors insurance coverage to its eligible employees pursuant …

§ 137. Termination of agreements with political subdivisions. 1. Upon the failure of any political subdivision to comply substantially with any provision of its agreement or any modification thereof, this article, or the regulations of the director, such agreement may be termina…

§ 138. Contributions by political subdivisions and employees thereof. 1. Each political subdivision, the agreement of which has been approved, is hereby authorized and directed to pay into the contribution fund at such time or times as the director may prescribe in his regulatio…

§ 138-a. Referenda among public employees; extension of old-age and survivors insurance. 1. As soon as practicable after the effective date hereof, the governor or the state agency or officer designated by him shall, in accordance with the applicable provisions of the federal so…

§ 138-b. Use of annuity contributions to pay old-age and survivors\ninsurance contributions. 1. Where a retirement system or plan provides\nretirement allowances consisting of separate pensions and separate\nannuities, each member thereof whose position is also covered by old-ag…

§ 139. Costs of administration. 1. On and after April first, nineteen hundred fifty-five, the state and each political subdivision extending old-age and survivors insurance coverage to its employees shall contribute to the annual cost of administering the provisions of this arti…

§ 14. Legal adviser. The attorney-general of the state shall be the\nlegal adviser of the retirement system.\n

§ 140. Recovery of delinquent payments. Amounts due from political subdivisions under sections one hundred thirty-eight and one hundred thirty-nine of this chapter and which are unpaid after the final date for their payment, may, at the request of the director and after written …

§ 141. Contribution fund. 1. There is hereby established a special fund to be known as the social security contribution fund, which shall be administered in accordance with the provisions of this section and the state finance law. Such fund shall consist of, and there shall be c…

§ 143. Restriction on use of retirement or pension funds. No moneys belonging to any public 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.

§ 144. Regulations. The director shall prescribe such regulations as may be required for the effective administration of the provisions of this article.

§ 145. Limitations on obligations. Old-age and survivors insurance coverage 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 such coverage create a contractual relati…

§ 146. 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 article six of the civil service law, as in force immediately prior to July first, nineteen hund…

§ 147. Separability clause. 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 shall be confined …

§ 15. State supervision. The retirement system continued by this\narticle shall be subject to the supervision of the superintendent of\nfinancial services. Such supervision shall be in accordance with the\nprovisions of the insurance law to the extent that such provisions are\na…

§ 150. Short title. This article shall be known and may be cited as the "New York state public retirement system reporting and disclosure act".

§ 151. Application. Notwithstanding any inconsistent provision of law, the provisions of this article shall apply to any public retirement system of the state and to any public employee pension plan administered by such system.

§ 152. 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. "Beneficiary" shall mean a person who is receiving a benefit from a public retirement system of the …

§ 153. Summary plan description. 1. The head of each public retirement system shall prepare and publish a summary plan description of any public employee pension plan which is administered or maintained by such system and of any material modification or change in the terms of su…

§ 154. Reporting of member's benefit rights. 1. The head of the retirement system shall furnish annually to any member of a plan a statement indicating, on the basis of currently available information: (a) the total accumulated plan benefits or the amount payable; (b) the extent…

§ 155. Limitations. Nothing contained in this article requiring reporting and disclosure shall be construed to create, revive, extend, or otherwise affect the entitlement of a member, retired member, or a beneficiary to any retirement benefit.

§ 156. 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. "Crime related to public office" shall mean any of the following criminal offenses whether committed…

§ 157. Pension forfeiture. 1. Notwithstanding any other law to the contrary, it shall be a term and condition of membership for every public official that such public official's rights to a pension in a retirement system that accrue in such retirement system after his or her dat…

§ 158. Pension contributions returned. 1. Any public official whose pension is reduced or revoked pursuant to this article shall be entitled to a return of his or her contribution paid into the relevant retirement system, without interest. 2. Notwithstanding the provisions of su…

§ 159. Miscellaneous. The remedies provided for in this article are not intended to substitute for, limit or supersede the lawful authority of any public officer, agency or other person to enforce any other right or remedy provided for by law.

§ 16. Annual appropriation by state. a. Upon the basis of each annual\nactuarial valuation and appraisal provided for in this article, the\ncomptroller, on or before the fifteenth day of October of each year,\nshall prepare and file with the director of the budget and the\nchair…

§ 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 secti…

§ 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 prop…

§ 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 t…

§ 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 …

§ 160. Short title of article. This article shall be known and may be cited as the "Supplemental Pension Act".

§ 161. Definitions. As used in this article: 1. The term "state retired employee" shall mean a person who shall have retired prior to July first, nineteen hundred sixty-one, and receives as a result of such retirement, a retirement allowance or pension from any state administere…

§ 162. Retired employees and certain widows and dependents eligible for supplemental pensions. 1. State retired employees and state retired teachers shall be entitled to receive, one month after such retirement, monthly supplemental pension payments as provided in this article. …

§ 163. Computation of supplemental pensions. 1. The monthly supplemental pension to be paid to a state retired employee shall be computed by (a) multiplying by forty (or forty-three and two-fifths in a case where a retired employee may under this act receive a maximum retirement…

§ 164. Payment of supplemental pensions. On or before the last day of each month, there shall be paid to each state retired employee and state retired teacher, from the supplemental pension fund, the monthly supplemental pension payment to which he may be entitled under the prov…

§ 165. 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 pension payments to state retired teachers and state retired employees.

§ 166. 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.

§ 167. Supplemental pension fund. 1. There is hereby established a special fund to be known as the supplemental pension fund. Such fund shall consist of such moneys as may be appropriated thereto by the legislature, and all other moneys received for such fund from any other sour…