2023 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.