reglab/statecodes huggingface dataset:
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 409-A - Abandonment of Amounts Payable to Beneficiaries; Payment to the Pension Accumulation Fund.

§  409-a.  Abandonment of amounts payable to beneficiaries; payment to
  the pension accumulation fund.  a. After at least one year  has  elapsed
  since  a  benefit  has  become payable to the beneficiary or estate of a
  retiree or member and such beneficiary or estate has failed to apply for
  and receive such benefit, the comptroller shall send a statement to  the
  executor or administrator of the estate or to the designated beneficiary
  at  his  last known address setting forth the benefit payable and giving
  notice to such person or persons that unless demand for payment of  such
  benefit  is  made prior to a date at least eighteen months from the date
  the notice is given, said benefit will be deemed abandoned and  will  be
  transferred to the pension accumulation fund.
b.  After the expiration of at least one year from the date the notice
  is given, the comptroller shall publish in the  state  bulletin  a  list
  setting  forth the names of estates or beneficiaries having an unclaimed
  amount in the retirement system. At the expiration of  six  months  from
  the  date  of  publication  of  such  list  the amounts so listed unless
  previously paid to claimant shall  be  deemed  abandoned  and  shall  be
  placed  in  the  pension accumulation fund to be used for the purpose of
  said fund.
c. Any amounts so deemed abandoned  and  transferred  to  the  pension
  accumulation fund may be claimed by the executor or administrator of the
  estate  or  beneficiaries designated to receive such amount, by filing a
  claim with the comptroller on  such  form  and  in  such  manner  as  be
  prescribed by the comptroller.  In the event such claim is properly made
  the comptroller shall pay over to the estate or to the person or persons
  making such claim the amount without interest. The payment shall be made
  from the pension accumulation fund.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 410 - Exemption From Taxes and Legal Process.

§  410. Exemption from taxes and legal process.  The right of a person
  to  a  pension,  a   pension-providing-for-increased-take-home-pay,   an
  annuity  or  a retirement allowance, to the return of contributions, the
  pensions, the pension-providing-for-increased-take-home-pay, annuity, or
  retirement allowance itself,  any  optional  benefit,  any  other  right
  accrued  or  accruing to any person under the provisions of this chapter
  and the monies in the various funds continued under this chapter:
1. Are hereby exempt from any  state  or  municipal  tax,  except  the
  estate tax, and
2.  Shall not be subject to execution, garnishment, attachment, or any
  other process whatsoever, and
3. Shall be unassignable,  except  as  in  this  chapter  specifically
  provided.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 410-A - Deduction of Group Plan Insurance or Medicare Premiums From Benefits.

§  410-a.  Deduction of group plan insurance or medicare premiums from
  benefits.  Notwithstanding anything to the contrary contained in section
  four hundred ten of this act, the comptroller is  hereby  authorized  to
  deduct  from the retirement allowance of any retired member, such amount
  as the retired member may specify in writing filed with the  comptroller
  for  the  payment  of  any insurance premiums written on the group plan,
  covering only such insurance in which the employer as defined in section
  three hundred two of this article contributes, and to transmit the  sums
  so  deducted  to  the  company carrying such insurance or its authorized
  representative. The comptroller is further authorized to deduct from the
  retirement allowance of any retired member such amount  as  the  retired
  member may specify in writing filed with the comptroller for the payment
  of  any insurance premiums due for medicare, and to transmit the sums so
  deducted  to  the  agency  for  the  federal  government  authorized  to
  administer  the  medicare program. Any such written authorization may be
  withdrawn by such retired member at any time upon filing notice of  such
  withdrawal with the comptroller.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 410-B - Deduction of Dues and Insurance Premiums From Benefits of Certain Retired Members of the Division of State Police.

§  410-b.  Deduction  of  dues and insurance premiums from benefits of
  certain   retired   members   of   the   division   of   state   police.
  Notwithstanding  any  other  provision  of  law  to  the  contrary,  the
  comptroller is hereby authorized to deduct from the retirement allowance
  of any retired member of the division  of  state  police  an  amount  of
  membership  dues as the retired member may specify in writing filed with
  the comptroller for the payment of such employee organization membership
  dues and premiums for employee organizations sponsored  group  insurance
  plans.  Any  such written authorization may be withdrawn by such retired
  member at any time upon filing written notice of  such  withdrawal  with
  the  comptroller.  Notwithstanding  the  foregoing  provisions  of  this
  section,  the  employee  organization  certified,  pursuant  to  article
  fourteen   of  the  civil  service  law,  to  represent  the  collective
  negotiating unit from which the member  retired,  shall  have  exclusive
  payroll  deduction  of  membership  dues  and premiums for insurance and
  mass-merchandised automobile  and  homeowners'  insurance  policies  for
  retired members of such collective negotiating unit. Deductions for such
  dues  and  premiums  shall  not  be  authorized  for  any other employee
  organization or  group  except  by  express  written  approval  of  such
  appropriate certified employee organization.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 410-C - Deduction of Dues and Insurance Premiums From Benefits of Certain Retired Members Enrolled in the New York State and Local Police and Fire Retirement

§  410-c.  Deduction  of  dues and insurance premiums from benefits of
  certain retired members enrolled in the New York state and local  police
  and  fire retirement system.  Notwithstanding any other provision of law
  to the contrary, the comptroller is hereby authorized to deduct from the
  retirement allowance of any retired member  enrolled  in  the  New  York
  state  and  local  police  and  fire  retirement  system  an  amount  of
  membership dues as the retired member may specify in writing filed  with
  the comptroller for the payment of such employee organization membership
  dues  and  premiums for employee organizations sponsored group insurance
  plans. Any such written authorization may be withdrawn by  such  retired
  member  at  any  time upon filing written notice of such withdrawal with
  the  comptroller.  Notwithstanding  the  foregoing  provisions  of  this
  section,  the  employee  organization  certified,  pursuant  to  article
  fourteen  of  the  civil  service  law,  to  represent  the   collective
  negotiating  unit  from  which  the member retired, shall have exclusive
  payroll deduction of membership dues  and  premiums  for  insurance  and
  mass-merchandised  automobile  and  homeowners'  insurance  policies for
  retired members of such collective negotiating unit. Deductions for such
  dues and premiums  shall  not  be  authorized  for  any  other  employee
  organization  or  group  except  by  express  written  approval  of such
  appropriate certified employee organization.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 411 - Protection Against Fraud.

§ 411. Protection against fraud. a. Any person who shall:
1. Knowingly make any false statement, or
2.  Falsify or permit to be falsified any record of the New York state
  and local police and fire retirement system, in any attempt  to  defraud
  such system as the result of such act shall be guilty of a misdemeanor.
b.  Any  violation  of subdivision a of this section that results in a
  member or beneficiary of the retirement system receiving  a  benefit  or
  payment in excess of one thousand dollars more than he or she would have
  been entitled to shall be a class E felony. Any violation of subdivision
  a  of  this  section  that  results  in  a  member or beneficiary of the
  retirement system receiving a benefit or  payment  in  excess  of  three
  thousand  dollars  more than he or she would have been entitled to shall
  be a class D felony.
c. In the event that any change or error in any record of the New York
  state and local police and fire retirement system  causes  a  member  or
  beneficiary  of  such  system to receive more or less than he would have
  been entitled to receive had such record been correct, the  comptroller,
  upon  the  discovery  of  any  such  change or error, shall correct such
  record. As far as practicable, the comptroller shall adjust payments  in
  such  a  manner that the actuarial equivalent of any benefit rightly due
  shall be paid.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 413 - Limitation of Other Statutes.

§  413.  Limitation of other statutes. a. No other provision of law in
  any other statute which provides wholly or partly at the expense of  the
  state  or of a participating employer for pensions, retirement benefits,
  emoluments or awards for employees in  police  or  fire  service,  their
  widows  or  widowers  or  other  dependents,  shall  apply to members or
  beneficiaries of the police and fire retirement  system  established  by
  this article, their widows, widowers or other dependents.
b. This article shall not:
1.  Prevent  a  person  whose salary is paid from two or more sources,
  each entitling him to membership in a retirement system,  from  being  a
  member in all such systems, or
2. Supersede or make inoperative the provisions of section two hundred
  twenty-seven  of the executive law in so far as they apply to an officer
  or employee in the division of state police of the executive  department
  who is a member of the retirement system.
3.  Prevent  the extension of old-age and survivors insurance coverage
  to members of the police and fire retirement system or  the  receipt  of
  benefits therefrom by such members, their wives or husbands or widows or
  widowers or their other dependents.
4.  Prevent  a  member  of the police and fire retirement system whose
  membership is authorized by paragraph nine of subdivision c  of  section
  three  hundred  forty  of  this article, from receiving, upon his or her
  subsequent retirement  from  the  police  and  fire  retirement  system,
  benefits  based  on  service  not included in that upon which his or her
  retirement or pension from another pension or retirement  system  is  or
  would be based.
5.  Prevent  payment  of a survivor's benefit, pursuant to section one
  hundred fifty-four of the civil service law, on account of the death  of
  a member of the retirement system.
c.  The provisions of this article shall be operative, notwithstanding
  any contrary provision of law.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 414 - Construction.

§  414.  Construction.    a.  An  act  of  the legislature of the year
  nineteen hundred sixty-six or nineteen  hundred  sixty-seven  which,  in
  form,  amends or repeals or purports to amend or repeal any provision or
  provisions of article two of  this  chapter,  as  in  force  and  effect
  immediately prior to April first, nineteen hundred sixty-seven, shall be
  deemed  and  construed as an amendment or repeal, as the case may be, of
  the corresponding provision or provisions of this article.
b. An act of the legislature of the year nineteen hundred sixty-six or
  nineteen hundred sixty-seven which  adds,  or  purports  to  add  a  new
  section,  subdivision  or  other provision of law to article two of this
  chapter, as in force immediately prior to April first, nineteen  hundred
  sixty-seven, shall, except to the extent that the provisions of such act
  are  inconsistent  with  the  provisions  of this article, be deemed and
  construed as having been added to this article and shall be  given  full
  effect  according to its context as if the same had been added expressly
  and in terms to this article, and shall be deemed and construed to  have
  been  inserted  in this article in the appropriate position in regard to
  and as modifying the effect of the corresponding provision or provisions
  of this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 415 - Application of Provisions of Article Two of the Retirement and Social Security Law.

§  415. Application of provisions of article two of the retirement and
  social security law.  All the powers and  duties  conferred  or  imposed
  upon the comptroller by article two of this chapter, which are necessary
  for  the  administration  of this article and not inconsistent with this
  article, are to that extent made applicable to this article even  though
  such provisions are not expressly made applicable to this article by the
  provisions of this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 416 - Separability Clause.

§  416.  Separability  clause.    If  any clause, sentence, paragraph,
  section or part of this article  shall  be  adjudged  by  any  court  of
  competent jurisdiction, to be invalid or unconstitutional, such judgment
  shall  not affect, impair or invalidate the remainder thereof, but shall
  be confined in its operation to the clause, sentence, paragraph, section
  or part thereof directly involved  in  the  controversy  in  which  such
  judgment shall have been rendered.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 417 - Preservation of Rights of Certain Members.

§ 417. Preservation of rights of certain members.  Notwithstanding the
  repeal by this chapter of sections eighty-one, eighty-one-a, eighty-two,
  eighty-three,  eighty-three-a, eighty-four, eighty-four-a (such sections
  eighty-four-a having been separately  added  by  chapters  five  hundred
  sixty-five  and  five  hundred sixty-six of the laws of nineteen hundred
  sixty-five), eighty-five, eighty-five-a,  eighty-six,  eighty-seven  and
  eighty-eight  of  article  two  of this chapter, as amended, the rights,
  privileges and immunities of  persons  who  are  members  of  the  state
  employees'  retirement  system  pursuant  to  such  sections and who are
  transferred to the retirement system established by this article, on the
  effective date thereof, shall not be affected or impaired, but the  same
  may  be enjoyed, asserted or enforced as fully and to the same extent as
  if such sections had not been so repealed.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 13 - Miscellaneous Provisions; Saving and Construction Clauses › 418 - Additional Benefit Authorized With Respect to the City of Yonkers.

§  418.  Additional  benefit  authorized  with  respect to the city of
  Yonkers. Notwithstanding any contrary provision  of  law,  the  city  of
  Yonkers  may by local law, ordinance or resolution, provide a benefit of
  two hundred fifty dollars a month to the widow or widower,  and  members
  of  the family, of retired Yonkers' police officers and firefighters who
  were members of the New York state and local police and fire  retirement
  system at the time of their death; provided, however, the benefit may be
  paid  only  to  survivors  who were receiving benefits pursuant to Local
  Laws seven and eight of the city of Yonkers for  the  year  of  nineteen
  hundred sixty-eight on or before the effective date of this section.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 421 - Definitions.

§  421.  Definitions. As used or referred to in this article, unless a
  different  meaning  clearly  appears  from  the  context.  1.  The  term
  "employees'  retirement  system" shall mean the New York state employees
  retirement system.
2. The term "police and fire retirement system"  shall  mean  the  New
  York state and local police and fire retirement system.
3.  The term "each retirement sytsem" shall mean each of the foregoing
  defined systems.
4. The term "comptroller" shall mean the state comptroller.
5. The term  "actuary"  shall  mean  the  actuary  of  the  employees'
  retirement system acting jointly with the actuary of the police and fire
  retirement system.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 422 - Establishment of a Common Retirement Fund.

§  422.  Establishment of a common retirement fund. 1. There is hereby
  established a fund, in the custody of the comptroller, to  be  known  as
  the  common retirement fund. Notwithstanding any other provision of this
  chapter, all of the assets  and  income  of  the  employees'  retirement
  system and of the police and fire retirement system shall be held by the
  comptroller  as  trustee  of such fund, except as such assets and income
  may be allocated or distributed to the funds of each  retirement  system
  by the comptroller.
2.  The  fund  shall  consist  initially  of  the  total assets of the
  employees' retirement system as of March thirty-first, nineteen  hundred
  sixty-seven,  as such assets are defined in subdivision a of section two
  hundred ninety-three of this chapter. After the annual valuation of  the
  assets  and  liabilities  of  the  employees'  retirement system and the
  determination relating to assets and liabilities required by subdivision
  b of section two hundred ninety-three of this chapter,  the  comptroller
  shall  credit  to each retirement system a participating interest in the
  assets of such fund in the proportion and percentage that the assets  of
  each retirement system bear to the total assets of the common retirement
  fund.  On  March  thirty-first, nineteen hundred sixty-eight, and at the
  close of each succeeding fiscal year, the comptroller shall credit  each
  retirement  system  with  a  participating  interest in such fund in the
  proportion  and  percentage  that  the  interest  attributable  to  each
  retirement  system  bears  to  the  total  assets  of  such  fund, after
  considering  contributions,   earnings,   disbursements   and   expenses
  attributable to each system.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 423 - Investments.

§  423.  Investments.    a. On and after April first, nineteen hundred
  sixty-seven, the comptroller shall invest the available  monies  of  the
  common  retirement  fund in any investments and securities authorized by
  law for each retirement system and shall hold such  investments  in  his
  name  as  trustee  of  such fund, notwithstanding any other provision of
  this chapter. Participating  interests  in  such  investments  shall  be
  credited  to  each  retirement  system  in  the  manner  and at the time
  specified in paragraph two of section four hundred  twenty-two  of  this
  article.
b.  To assist in the management of the monies of the common retirement
  fund, the comptroller shall appoint  an  investment  advisory  committee
  consisting  of  not less than seven members who shall serve for his term
  of office. A vacancy occurring from any cause other than  expiration  of
  term  shall  be filled by the comptroller for the remainder of the term.
  Each member of the committee  shall  be  experienced  in  the  field  of
  investments  and  shall  have  served,  or shall be serving, as a senior
  officer or  member  of  the  board  of  an  insurance  company,  banking
  corporation  or other financial or investment organization authorized to
  do business in the state of New York. The  committee  shall  advise  the
  comptroller  on investment policies relating to the monies of the common
  retirement fund and shall review, from  time  to  time,  the  investment
  portfolio  of  the  fund  and make such recommendations as may be deemed
  necessary.
The comptroller shall appoint a separate mortgage advisory  committee,
  with  the  advice  and  consent of the investment advisory committee, to
  review proposed mortgage and  real  estate  investments  by  the  common
  retirement  fund.  In  making  investments,  as  authorized  by law, the
  comptroller shall be guided by policies established  by  each  committee
  from  time  to  time;  and, in the event the mortgage advisory committee
  disapproves a proposed mortgage or real estate  investment,  such  shall
  not be made.
No  officer  or  employee  of  any state department or agency shall be
  eligible for  membership  on  either  committee.  Each  committee  shall
  convene  periodically  on  call  of  the  comptroller, or on call of the
  chairman.  The  members  of  each  committee  shall   be   entitled   to
  reimbursement  for their actual and necessary expenses but shall receive
  no compensation for their services.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 423-A - Northern Ireland Related Investments.

§ 423-a. Northern Ireland related investments.  1. Notwithstanding any
other  provision  of  law,  on and after January first, nineteen hundred
eighty-seven, any moneys or assets of the common retirement  fund  which
shall  remain  or  be  invested  in  the  stocks,  securities  or  other
obligations of any institution or company  doing  business  in  or  with
Northern Ireland or with agencies or instrumentalities thereof, shall be
invested subject to the provisions of subdivision three of this section.
2. On or before the first day of January of each year, the comptroller
shall   determine   the   existence   of  affirmative  action  taken  by
institutions  or  companies  doing  business  in  Northern  Ireland   to
eliminate ethnic or religious discrimination based on actions taken for:
(a) Increasing the representation of individuals from underrepresented
religious  groups  in  the  workforce including managerial, supervisory,
administrative, clerical and technical jobs.
(b)  Providing  adequate  security  for  the  protection  of  minority
employees both at the workplace and while travelling to and from work.
(c) The banning of provocative religious or political emblems from the
workplace.
(d)   Publicly   advertising  all  job  openings  and  making  special
recruitment  efforts  to  attract   applicants   from   underrepresented
religious groups.
(e)  Providing  that layoff, recall, and termination procedures should
not in practice favor particular religious groupings.
(f) The abolition of job  reservations,  apprenticeship  restrictions,
and differential employment criteria, which discriminate on the basis of
religion or ethnic origin.
(g) The development of training programs that will prepare substantial
numbers  of  current  minority employees for skilled jobs, including the
expansion of existing programs and  the  creation  of  new  programs  to
train, upgrade, and improve the skills of minority employees.
(h)  The establishment of procedures to assess, identify, and actively
recruit minority employees with potential for further advancement.
(i) The appointment of senior  management  staff  members  to  oversee
affirmative action efforts and the setting up of timetables to carry out
affirmative action principles.
3.  Consistent  with  sound  investment  policy, the comptroller shall
invest the assets of the common retirement fund in such  a  manner  that
the  investments  in  institutions  doing  business  in or with Northern
Ireland  shall  reflect  the  advances  made  by  such  institutions  in
eliminating discrimination as established pursuant to subdivision two of
this section.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 423-B - New York State Venture Capital Program.

§  423-b.  New  York state venture capital program. The comptroller is
  hereby authorized to establish within the common retirement fund  a  New
  York  state  venture  capital  program  for  the purpose of investing in
  qualified businesses as defined in paragraph six of subdivision  (a)  of
  section  eleven  of the tax law. The comptroller is authorized to invest
  up to two  hundred  fifty  million  dollars  of  assets  of  the  common
  retirement  fund  to  carry  out  the  purposes  of  this  section.  The
  comptroller  may  make  investments  pursuant   to   this   section   in
  partnerships,   corporations,  trusts  or  limited  liability  companies
  organized on a for-profit basis that enter into agreements to invest the
  moneys of the New  York  state  venture  capital  program  in  qualified
  businesses.  The comptroller shall make such investments consistent with
  the provisions of paragraph (b)  of  subdivision  nine  of  section  one
  hundred  seventy-seven  of  this  chapter. The comptroller may establish
  procedures necessary to insure that investments of  moneys  of  the  New
  York  state  venture  capital  program  are,  for  each  investment in a
  qualified business, equitably  matched  by  investments  made  by  other
  sources.  The  comptroller  shall,  to  the  maximum extent practicable,
  insure that the geographic distribution of investments in the program is
  in proportion to the state population.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 424 - Distribution of Earnings.

§  424.  Distribution of earnings.   At the close of each fiscal year,
  the average rate of investment earnings of the  common  retirement  fund
  shall  be computed by the actuary and certified to the comptroller. This
  rate shall  be  determined  from  the  investment  earnings  during  the
  calendar year, which ended three months prior to the close of the fiscal
  year. The amount of such earnings attributable to each retirement system
  shall  be  computed by the actuary and certified to the comptroller, who
  shall thereupon credit each retirement system in accordance therewith.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 424-A - Use of Placement Agents or Intermediaries Prohibited.

§  424-a. Use of placement agents or intermediaries prohibited. 1. The
fund shall not engage, hire, invest with  or  commit  to  an  investment
manager  that is using the services of a placement agent or intermediary
to assist such investment manager in obtaining investments by  the  fund
nor  shall the fund engage, hire, invest with or commit to an investment
manager without obtaining from such investment manager  a  certification
in  the  form  and  manner  prescribed  by  the  fund  stating that such
investment manager has not used the services of  a  placement  agent  or
other  intermediary  to  assist  such  investment  manager  in obtaining
investments by the fund.
2. For the purposes of this section:
(a) "investment manager" shall mean any person, other than an employee
of the comptroller, or entity engaged by the common retirement  fund  to
manage  a  part  or all of an investment portfolio of the fund. "Manage"
shall include,  but  is  not  limited  to,  the  analysis  of  portfolio
holdings,  and  the  purchase, sale, and lending thereof. Any investment
made by the fund pursuant to subdivision seven of  section  one  hundred
seventy-seven  of  this  chapter shall be deemed to be the investment of
the fund in such investment entity rather than in  the  assets  of  such
investment entity.
(b) "placement agent or intermediary" shall mean any person or entity,
including  registered  lobbyists,  directly  or  indirectly  engaged and
compensated by an investment manager, other  than  an  employee  of  the
investment  manager,  to  assist  the  investment  manager  in obtaining
investments by the fund whether compensated on a flat fee, a  contingent
fee,  or  any  other  basis.  Employees of an investment manager and its
affiliates are excluded from this definition unless  they  are  employed
principally  for  the purpose of securing or influencing the decision to
secure a particular investment transaction or investment by the fund.
2023 New York Laws › RSS - Retirement and Social Security › Article 9 - Common Retirement Fund › 425 - Separability of Retirement Systems.

§  425.  Separability  of  retirement  systems.  No  provision of this
  article shall be construed as an impairment of the separability of or of
  the corporate powers and privileges of the employees' retirement  system
  or  the  police  and  fire  retirement  system.  The  comptroller  shall
  establish or continue separate funds and accounts  for  each  retirement
  system,  consistent with the common retirement fund herein provided for,
  as may be required to carry out the separate purposes and privileges  of
  each retirement system.
2023 New York Laws › RSS - Retirement and Social Security › Article 10 - Payment for Benefit Improvements › 430 - Current Payment for Benefit Improvements.

§  430.  Current  payment for benefit improvements.  a. Whenever a new
  benefit or an improvement in any benefit  takes  effect  or  is  enacted
  after  July  first, nineteen hundred seventy-one which will result in an
  increase in cost for  contributions  to  an  actuarially  funded  public
  retirement  system by the state or a municipality thereof, such employer
  shall commence payment for such increased  cost  from  an  appropriation
  made  in the budget for the employer's fiscal year in which such benefit
  or improvement becomes effective. No such benefit or  improvement  shall
  become effective until such appropriation has been made and is available
  for  such  payment.  Within  ninety  days after notification that such a
  benefit or improvement has been or is  to  be  made,  the  head  of  the
  retirement  system  affected  shall  submit to the fiscal officer of the
  employer, or in the case of the state or the city of  New  York  to  the
  director  of the budget thereof, an estimate of the amount sufficient to
  provide for the initial actuarial payment to the  retirement  system  of
  all  additional  obligations  created by such benefit or improvement and
  such employer shall make payment of such amount to the retirement system
  during such employer's fiscal year in which such benefit or  improvement
  is  made  effective. In computing the amount to be paid by such employer
  during the normal valuation process for obligations attributable to  the
  fiscal  year  in  which  such  benefit  or improvement became effective,
  appropriate adjustments shall be made for amount already  paid  pursuant
  to this section.
b.  If payment of the full amount of an obligation required to be paid
  by subdivision a of this section is not made by a participating employer
  in a state retirement system, including the state  teachers'  retirement
  system,  by  the  close  of such employer's fiscal year, interest at the
  rate of six per centum per annum  shall  commence  to  run  against  the
  unpaid  balance  thereof  on the first day of the next succeeding fiscal
  year.
c. The comptroller or the retirement  board  of  the  state  teachers'
  retirement  system  shall have full power and authority to bring suit in
  the supreme court against any participating  employer  in  a  retirement
  system  headed  by  such  comptroller  or such board to recover any sum,
  payment of which is not made as herein required.   While  any  such  sum
  shall  remain  due  and  unpaid  the comptroller may refuse to audit any
  claim for funds due to such employer from the state.
2023 New York Laws › RSS - Retirement and Social Security › Article 10 - Payment for Benefit Improvements › 431 - Salary Base for Computing Retirement Benefits.

§  431.  Salary  base  for  computing  retirement  benefits.    In any
  retirement or pension plan to which the state  or  municipality  thereof
  contributes,  the salary base for the computation of retirement benefits
  shall in no event include any of the following earned or received, on or
  after April first, nineteen hundred seventy-two:
1.  lump  sum  payments  for  deferred   compensation,   sick   leave,
  accumulated vacation or other credits for time not worked,
2. any form of termination pay,
3. any additional compensation paid in anticipation of retirement, or
4.  that  portion  of  compensation  earned  during  any twelve months
  included in such salary base period which exceeds that of the  preceding
  twelve months by more than twenty per centum.
2023 New York Laws › RSS - Retirement and Social Security › Article 11 - Limitations Applicable to New Entrants › 441 - Eligibility for Retirement.

§ 441. Eligibility for retirement. a. No member of a retirement system
  who  is  subject  to the provisions of this article shall be eligible to
  retire until he has rendered a minimum of five years of credited service
  after July first, nineteen  hundred  seventy-three;  provided,  however,
  that  this  limitation shall not apply to the case of a member otherwise
  eligible to retire for disability. A member who  attains  the  mandatory
  retirement  age  of  the plan of which he is a member without having the
  requisite period of service required as a condition of  eligibility  for
  retirement,  shall  be  separated  from  service upon attainment of such
  mandatory retirement age; provided, however, that this requirement shall
  not preclude a member  from  being  continued  in  service  beyond  such
  mandatory  retirement  age  pursuant  to other appropriate provisions of
  law.
b. Notwithstanding the provisions of subdivision a of this section,  a
  retired member, receiving a retirement allowance for other than physical
  disability:  (i)  who  returns  to  active  public  service and joins or
  rejoins a public retirement system on  or  after  July  first,  nineteen
  hundred  seventy-three;  and  (ii) who thereafter separates from service
  prior to the completion of two years of credited  service,  shall,  upon
  such  separation,  be  entitled  to receive a retirement allowance which
  shall consist of an annuity which is the  actuarial  equivalent  of  his
  accumulated     contributions,     and     the     pension,    including
  pension-providing-for-increased-take-home-pay, which  he  was  receiving
  prior to his last restoration to membership.
c.  Notwithstanding the provisions of subdivision a of this section, a
  member of a retirement system who is subject to the provisions  of  this
  article shall be eligible to retire without having rendered a minimum of
  five  years  of  credited  service  after  July  first, nineteen hundred
  seventy-three, if such member has rendered a minimum of  five  years  of
  continuous  service,  in  the  employ of the participating employer from
  which he retires, immediately prior to retirement. For  the  purpose  of
  this  subdivision,  the  term  "service"  shall  mean  credited  service
  rendered after July first, nineteen  hundred  seventy-three,  and  prior
  service rendered immediately before entry into a retirement system.
d.  Notwithstanding the provisions of subdivision a of this section, a
  member of a retirement system who is subject to the provisions  of  this
  article shall be eligible to retire without having rendered a minimum of
  five  years  of  credited  service  after  July  first, nineteen hundred
  seventy-three if such member has rendered a minimum of  three  years  of
  continuous  service after July first, nineteen hundred seventy-three and
  had rendered at least twenty years of credited service prior to  January
  first, nineteen hundred fifty-five.
2023 New York Laws › RSS - Retirement and Social Security › Article 11 - Limitations Applicable to New Entrants › 447 - Options.

§  447.  Options. a. A member of a retirement system who is subject to
the provisions of this article shall at the time of retirement have  two
additional  options  available  to  him  which  shall  be  the actuarial
equivalent of his retirement allowance without optional modification:
(1) A "five-year certain option" under which payment is  made  to  the
pensioner  for  life  but  is  guaranteed  for  a  minimum of five years
following retirement; and
(2) A "ten-year certain option" under which payment  is  made  to  the
pensioner  for  life  but  is  guaranteed  for  a  minimum  of ten years
following retirement.
b. No retirement system shall make available to any member subject  to
the provisions of this article an option which provides for payment to a
beneficiary  or  to an estate of the balance of the present value of the
reserve attributable to employer contributions established at  the  time
of retirement upon the death of the member in retirement.
c.  Notwithstanding  any  other  provision  of this article, an option
selection previously filed by a member or retired member subject to  the
provisions  of  this  section  may  be changed no later than thirty days
following the date of payability of his or her retirement  allowance.  A
retired  member who has been retired for disability may change an option
selection previously filed no later than (1) thirty days  following  the
date  on  which  such member's application for disability retirement was
approved by the retirement board or (2) thirty days following  the  date
on which such retiree was retired for disability, whichever is later.
2023 New York Laws › RSS - Retirement and Social Security › Article 11 - Limitations Applicable to New Entrants › 448-A - Death Benefit for Vested Members Who Die Prior to Retirement.

§ 448-a. Death benefit for vested members who die prior to retirement.
  a. A death benefit plus the reserve-for-increased-take-home-pay, if any,
  shall be payable upon the death of a member of a retirement system who:
1. Died before the effective date of retirement while a member of such
  retirement system;
2.  Had  at  least ten years of credited service at the time of death;
  and
3. Died at a time and  in  a  manner  which  did  not  result  in  the
  eligibility  of  the  member's  estate or any beneficiary to receive any
  death benefits from such retirement system on account of such death.
b. Benefits provided under  this  section  shall  be  payable  to  the
  member's  estate  or  the  beneficiary or beneficiaries nominated by the
  member  on  a  designation  of   beneficiary   form   filed   with   the
  administrative head of such retirement system.
c. The amount of the benefit payable pursuant to this section shall be
  equal  to  one-half  of  the  amount of the ordinary death benefit which
  would have been payable had the member's death occurred on the last  day
  of service upon which membership was based.
2023 New York Laws › RSS - Retirement and Social Security › Article 11 - Limitations Applicable to New Entrants › 450 - Definitions.

§  450.  Definitions.  For  the purposes of this article: (1) the term
  "correction officer" shall mean members of the New York state and  local
  employees'  retirement  system  who  are  in a plan limited to uniformed
  personnel in institutions under the jurisdiction of  the  department  of
  corrections  and community supervision or members of such system who are
  also in titles defined in subdivision i of section eighty-nine  of  this
  chapter   and  correction  members  of  the  New  York  city  employees'
  retirement system; (2) the term "police officer  or  firefighter"  shall
  mean  members of the New York state and local police and fire retirement
  system, the New York city  police  pension  fund,  New  York  city  fire
  department  pension  fund, and housing police members and transit police
  members of the New York city employees' retirement system; (3) the  term
  "sanitation  man"  shall  mean  sanitation  members of the New York city
  employees' retirement system; and (4)  the  term  "investigator  member"
  shall  mean  members who are police officers as defined in paragraph (g)
  of subdivision thirty-four of section 1.20  of  the  criminal  procedure
  law.
2023 New York Laws › RSS - Retirement and Social Security › Article 11 - Limitations Applicable to New Entrants › 451 - Duration.

§  451. Duration.  Notwithstanding any other provision of this chapter
  or of any other law, effective July first, nineteen hundred seventy-six,
  all benefits provided by an actuarially funded public retirement  system
  of the state of New York or any municipality thereof shall continue with
  respect  to  members  to which article fourteen is applicable only until
  December thirty-first, nineteen hundred seventy-six.
2023 New York Laws › RSS - Retirement and Social Security › Article 12 - Negotiation of Retirement Benefits › 470 - Temporary Suspension of Retirement Negotiations.

§  470.  Temporary  suspension  of  retirement  negotiations.  Changes
  negotiated between any public employer  and  public  employee,  as  such
  terms  are  defined in section two hundred one of the civil service law,
  with respect to any benefit provided by or to be provided  by  a  public
  retirement system, or payments to a fund or insurer to provide an income
  for  retirees  or  payment  to retirees or their beneficiaries, shall be
  prohibited.
2023 New York Laws › RSS - Retirement and Social Security › Article 12 - Negotiation of Retirement Benefits › 472 - Implementation of Agreements.

§  472. Implementation of agreements.  Any agreements reached pursuant
  to the coalition negotiations provided for  in  this  article  shall  be
  presented  to  the commission in form for introduction as legislation no
  later than November fifteenth prior to the legislative session at  which
  enactment  will  be  sought  and  shall be delivered for introduction no
  later than January fifteenth of such session. The commission shall cause
  such proposed legislation to be made public prior to the December  first
  preceding  such  session  and  shall  hold  public hearings thereon. The
  commission  shall  present  to  the   governor   and   legislature   its
  recommendations with the legislation.
2023 New York Laws › RSS - Retirement and Social Security › Article 14 - Coordinated-Escalator Retirement Plan › 502 - Eligibility for Sevice Retirement Benefits; Minimum Service Requirements.

§  502.  Eligibility  for service retirement benefits; minimum service
  requirements. a. A member who first joins a public retirement system  of
  this  state  on  or  after  June thirtieth, nineteen hundred seventy-six
  shall not be eligible for service retirement  benefits  hereunder  until
  such  member  has rendered a minimum of five years of creditable service
  after July first, nineteen hundred seventy-three.
b. A member who previously was a member of a public retirement  system
  of  this  state  shall  not  be eligible for service retirement benefits
  hereunder until such member has rendered a  minimum  of  five  years  of
  service which is creditable pursuant to section five hundred thirteen of
  this article.
c.  An  elective member who is not vested in the plan from which he or
  she transferred shall not be eligible for service retirement  or  vested
  benefits  hereunder  until  such member has rendered a minimum period of
  service equal to the additional service which  such  member  would  have
  been  required  to  accrue  under  such former plan in order to obtain a
  vested benefit.
d. Notwithstanding any other provision of this  section,  a  pensioner
  receiving a service retirement benefit: (i) who returns to active public
  service and joins or rejoins a public retirement system on or after July
  first,  nineteen  hundred seventy-six, and (ii) who thereafter separates
  from  service  before  becoming  eligible  for  a   retirement   benefit
  hereunder,  shall,  upon  such  separation,  be  entitled to receive the
  service retirement benefit which he or she was receiving prior to his or
  her last restoration to membership. Provided, however, if such pensioner
  was not subject to this article at the time he or she last  retired,  he
  or  she  shall,  upon  separation,  be  entitled to receive a retirement
  allowance which shall consist of  an  annuity  which  is  the  actuarial
  equivalent  of  his  or  her  accumulated contributions, if any, and the
  pension, including pension-providing-for-increased-take-home-pay,  which
  he or she was receiving prior to his last restoration to membership.
e.  Notwithstanding  any  other provision of this section, if a member
  attains mandatory  retirement  age,  the  minimum  service  requirements
  specified in this section shall be five years.
f.  Upon  the first day of the month after the attainment of mandatory
  retirement age, a member shall be separated from service whether or  not
  eligible  for  service retirement hereunder; provided however, that this
  requirement shall not preclude a member from being continued in  service
  beyond  such  mandatory  retirement  age  pursuant  to  other applicable
  provisions of law.
2023 New York Laws › RSS - Retirement and Social Security › Article 14 - Coordinated-Escalator Retirement Plan › 504-C - Supplemental Retirement Allowance.

§  504-c.  Supplemental  retirement  allowance.  Individuals  who  are
  receiving  benefits  from  the  New  York  state  and  local  employees'
  retirement  system pursuant to this article and who will not be eligible
  for escalation pursuant to section five  hundred  ten  of  this  article
  shall  be  entitled  to  supplemental  retirement  benefits  provided in
  section  seventy-eight  of  this  chapter  if  they  meet  all  of   the
  eligibility  requirements  provided  in  section  seventy-eight  of this
  chapter.