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 329 - Indemnification Bonds
Section 329.2 - Indemnification agreements as compliance with sections 111-a and 412 of the retirement and social security law

N.Y. Comp. Codes R. & Regs. tit. 2 § 329.2

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Current through Register Vol. 46, No. 53, December 31, 2024
Section 329.2 - Indemnification agreements as compliance with sections 111-a and 412 of the retirement and social security law

Payees required to file a bond pursuant to section 111 (a) and section 412 of the Retirement and Social Security Law may comply with such filing by executing two indemnification agreements on a form prescribed by the Comptroller. The agreements shall be in favor of the Comptroller as administrative head of the Retirement System and shall indemnify him in full, with interest against loss by reason of excess payments to such payee.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 329.2