NY Ret & SS L § 75-B (2021)
2021 New York Laws RSS - Retirement and Social Security Article 2 - New York State Employees' Retirement System Title 8 - General Provisions Relating to Retirement; Retirement Plans Applicable to Members Generally 75-B - Non-Contributory Retirement Plan for Members of Participating Employers.

§  75-b. Non-contributory retirement plan for members of participating employers.   a. Notwithstanding  any  other  provision  of  law  to  the contrary,  no further contributions to the retirement system as provided in subdivision b  of  section  twenty-one  of  this  chapter,  shall  be required  of  any  member in the employ of such a participating employer electing to participate pursuant to  the  provisions  of  this  section; provided,  however, in the case of persons who last became members on or after  July  first,  nineteen  hundred  seventy-three,   such   required contributions  shall be waived only until the payroll period immediately prior to that the first day of which is nearest to July first,  nineteen hundred seventy-four.   b.  (1)  By  the  adoption,  filing and approval, where required, of a resolution in the manner provided  by  sections  thirty,  thirty-one  or thirty-two of this chapter, as the case may be, a participating employer who had previously elected to make contributions under the provisions of subdivision  aa  of section seventy-a of this chapter, may elect to make contributions to the  pension  accumulation  fund  for  the  purpose  of providing a non-contributory retirement plan pursuant to this section.  (2)  By  the  adoption,  filing  and  approval,  where  required, of a resolution in the manner provided  by  sections  thirty,  thirty-one  or thirty-two of this chapter, as the case may be, a participating employer who  had  not  previously  elected to contribute under the provisions of subdivision aa of section seventy-a of this chapter, may elect  to  make contributions  to  the  pension  accumulation  fund  for  the purpose of providing a non-contributory retirement plan pursuant to  this  section. Such resolution shall specify the first payroll period after the date of such  filing  for  which  no  further contributions shall be required of members in its employ.   c. Contributions shall be made to the pension accumulation fund by  or on  account  of  each  participating  employer,  as provided in sections sixteen, seventeen and forty-two of this chapter, at a rate fixed by the actuary which shall be computed to be sufficient to provide the benefits established by section seventy-five-c of  this  chapter  on  account  of members in the employ of such participating employers.   d.  Nothing  contained  in  this  section  shall  impair  the right of persons, who became members before August nineteenth,  nineteen  hundred sixty-six,  to  make  contributions pursuant to subdivision i of section twenty-one of this chapter.   e. Any member who has elected to  contribute  at  a  certain  rate  of contribution  in  accordance  with  the  provisions  of subdivision j of section twenty-one of this chapter, shall continue to contribute at such rate until his election under said subdivision is withdrawn.   f. Any member  in  service  on  August  nineteenth,  nineteen  hundred sixty-six,  may  by  written notice duly acknowledged and filed with the comptroller  on  or   before   August   eighteenth,   nineteen   hundred sixty-seven,  elect  to  contribute  to  the  retirement system. Where a member makes an election to contribute, as herein provided for, he shall contribute to the  retirement  system  as  otherwise  provided  in  this chapter.  One year or more after the filing of the notice of election to contribute, the member may withdraw  such  election  and  elect  not  to contribute.