N.Y. Comp. Codes R. & Regs. tit. 2 § 106.3

Current through Register Vol. 46, No. 53, December 31, 2024

Section 106.3 - Payroll deductions for payments to credit unions

Every State employee may specify in writing to the State Comptroller a certain amount to be deducted from his or her salary for payment to credit unions. The following rules shall apply to this program:

(a) Deductions for purchases of shares and repayment of loans will be combined into one amount.

(b) The minimum bi-weekly deduction is $5.

(c) Only one credit union deduction may be in effect at one time.

(d) The employee has the right to revoke authorization for payroll deductions at any time, by written notice to the State Comptroller.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 106.3