N.Y. Comp. Codes R. & Regs. tit. 4 § 73.11

Current through Register Vol. 46, No. 25, June 18, 2024

Section 73.11 - Expulsion from the plan

(a) The president may expel a participating employer from the plan upon finding that fraud or abuses in the administration of the plan have been committed or permitted by the acts or neglect of its officers or agents, or that the participating employer has failed to carry out satisfactorily its duties and responsibilities as required under the plan and by this Part. Such expulsion shall be effective not sooner than two months after notice thereof has been given by the president to the governing body of the participating employer.

(b) A participating employer which is expelled from the plan shall not be eligible to rejoin the plan for one year following such expulsion.

N.Y. Comp. Codes R. & Regs. Tit. 4 § 73.11