N.Y. Comp. Codes R. & Regs. tit. 2 § 323.2
Current through Register Vol. 46, No. 53, December 31, 2024
Since few payrolls begin on January 1, 1977, the effective date of article 14, the commencement of contributions as of that date would present an obstacle to the implementation of the coordinated-escalator retirement plan. Therefore, the contributions required by section 517 shall be deducted beginning with the first full payroll period in 1977 with respect to which payment is made in 1977.
N.Y. Comp. Codes R. & Regs. Tit. 2 § 323.2