NY Ret & SS L § 1204 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 22 - Police and Fire Retirement Provisions 1204 - Member Contributions.

§   1204.  Member  contributions.  Members  who  are  subject  to  the   provisions of this article shall  contribute  three  percent  of  annual   wages  to  the  retirement  system in which they have membership, except   that beginning April first, two thousand thirteen for members who  first   become  members  of  the  New  York  state  and  local  police  and fire   retirement system on or after April first, two thousand twelve, the rate   at which each such member shall contribute  in  any  current  plan  year   (April  first to March thirty-first) shall be determined by reference to   the wages of such member in the second plan year (April first  to  March   thirty-first) preceding such current plan year as follows:a. members with wages of forty-five thousand dollars per annum or less   shall contribute three per centum of annual wages;b.  members with wages greater than forty-five thousand per annum, but   not more than fifty-five thousand per annum shall contribute  three  and   one-half per centum of annual wages;c.  members with wages greater than fifty-five thousand per annum, but   not more than seventy-five thousand per annum shall contribute four  and   one-half per centum of annual wages;d. members with wages greater than seventy-five thousand per annum but   not  more  than one hundred thousand per annum shall contribute five and   three-quarters per centum of annual wages; ande. members with wages greater than  one  hundred  thousand  per  annum   shall contribute six per centum of annual wages.Notwithstanding  the  foregoing,  during  each of the first three plan   years (April first to March  thirty-first)  in  which  such  member  has   established  membership  in the New York state and local police and fire   retirement system, such member shall contribute a percentage  of  annual   wages  in accordance with the preceding schedule based upon a projection   of annual wages provided by the employer.  Effective  April  first,  two   thousand  twelve,  all members subject to the provisions of this article   shall not be required to  make  member  contributions  on  annual  wages   excluded  from  the  calculation  of  final  average  salary pursuant to   section 1203 of this article. Nothing in this section, however, shall be   construed or deemed to allow members to receive a refund of  any  member   contributions  on  such  wages  paid  prior to April first, two thousand   twelve.Members who are enrolled in a retirement plan that limits  the  amount   of  creditable service a member can accrue shall not be required to make   contributions pursuant to this section after accruing the maximum amount   of service credit allowed by the  retirement  plan  in  which  they  are   enrolled. The state comptroller shall promulgate such regulations as may   be  necessary  and  appropriate  with  respect  to the deduction of such   contribution from members' wages and for the maintenance of any  special   fund  or  funds  with respect to amounts so contributed. In no way shall   the member contributions made  pursuant  to  this  section  be  used  to   provide for pension increases or annuities of any kind.