Statutes, codes, and regulations
New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROLChapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System
Part 323 - Commencement Date Of Member Contributions Under Article 14, The Coordinated-escalator Retirement Plan
Section 323.1 - Background

N.Y. Comp. Codes R. & Regs. tit. 2 § 323.1

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Current through Register Vol. 46, No. 53, December 31, 2024
Section 323.1 - Background

Section 517 of the Retirement and Social Security Law requires that members covered by the provisions of article 14 of the Retirement and Social Security Law contribute three percent of annual wages to the retirement system in which they have membership. Section 517 also empowers the head of a retirement system to promulgate such regulations as may be necessary and appropriate with respect to the deduction of such contributions from members' wages.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 323.1