2023 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; and
e. 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. Notwithstanding the foregoing,
  when determining the rate at which each such member who became a  member
  of  the New York state and local police and fire retirement system on or
  after April first, two thousand twelve shall  contribute  for  any  plan
  year  (April  first  to  March  thirty-first)  between  April first, two
  thousand twenty-two and April first, two thousand twenty-six, such  rate
  shall  be determined by reference to employees annual base wages of such
  member in the second plan  year  (April  first  to  March  thirty-first)
  preceding  such current plan year. Base wages shall include regular pay,
  shift differential pay, location pay, and any increased hiring rate pay,
  but shall not include any overtime payments. 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 twelve hundred three 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.