reglab/statecodes huggingface dataset:
2023 New York Laws › RSS - Retirement and Social Security › Article 4-A - Investments of Public Pension Funds › 177-C - Investment in Mortgage Pass-Through Certificates.

§   177-c.   Investment   in   mortgage   pass-through   certificates.
  Notwithstanding the provisions of section one hundred seventy-seven,  or
  of  section  one  hundred seventy-eight of this article, the trustees of
  any fund may invest in mortgage pass-through certificates.  As  used  in
  this  section,  the term "mortgage pass-through certificates" shall mean
  certificates evidencing ownership of undivided  interests  in  pools  of
  mortgage  loans  secured  by first mortgages on real property located in
  this  state  improved  by  one-to-four  family  residential   dwellings,
  provided,  however,  that  (i)  such mortgage loans are originated on or
  after January first, nineteen hundred eighty by any bank, trust company,
  national banking association, savings bank, federal mutual savings bank,
  savings and loan association,  federal  savings  and  loan  association,
  credit  union, or federal credit union authorized to do business in this
  state or by any lender approved by the secretary of  housing  and  urban
  development  for  participation  in any mortgage insurance program under
  the National Housing Act, (ii) such mortgage loans  are  assigned  to  a
  bank,  trust company, federal mutual savings bank or federal savings and
  loan association as trustee for the  benefit  of  the  holders  of  such
  certificates  and,  (iii)  such  certificates are rated within the three
  highest grades by  an  independent  rating  service  designated  by  the
  superintendent  of  financial  services. In no event shall the aggregate
  unpaid   principal   on   conventional   mortgages   securing   mortgage
  pass-through  certificates exceed ten percent of the assets of such fund
  nor shall the total unpaid principal on any single pool of  conventional
  mortgages securing mortgage pass-through certificates exceed one percent
  of  the assets of a fund. Mortgage loans secured by first mortgages on a
  condominium unit designed for residential use, together with its  common
  interest, may be included in pools of mortgage loans provided for above.
2023 New York Laws › RSS - Retirement and Social Security › Article 4-A - Investments of Public Pension Funds › 177-D - Security Loan Agreements.

§  177-d. Security loan agreements.  1. A fund may enter into security
loan agreements with broker-dealers and with New York state or  national
banks  for  the  purpose  of prudently supplementing the income normally
received from investments.
2. The trustees of the funds involved shall monitor the  market  value
of  the  loaned  marketable  securities  daily.  In  no  event shall the
trustees allow the value of collateral posted to fall below  the  market
value of the loaned marketable securities.
3.  The term "security loan agreement", as used in this section, shall
mean a written contract whereby a  fund  (the  lender)  agrees  to  lend
marketable  securities  for  a  period  not to exceed one year, subject,
however, to the following limitations:
(a) The lender must retain the right to collect from the borrower  all
dividends,  interest,  premiums,  rights, and any other distributions to
which the lender would otherwise have been entitled,
(b) The lender may waive the right to vote the securities  during  the
term of the loan,
(c)  The  lender  must retain the right to terminate the contract upon
not more than five business days' notice.
(d) The borrower shall provide collateral to the lender in the form of
cash, bonds, or performance letters of  credit  drawn  on  a  bank  with
capital, surplus and undivided earnings in excess of one hundred million
dollars,  or  other interest-bearing notes and obligations of the United
States or federal instrumentalities eligible for investment by a fund,
(e)  The  security  loan  agreement  shall  provide  for  payment   of
additional  collateral on a daily basis, or at such time as the value of
the loaned marketable securities increases to agreed upon ratios.
4. The term "marketable securities", as used in  this  section,  shall
mean  securities  that  are  freely  traded  on  recognized exchanges or
marketplaces.
2023 New York Laws › RSS - Retirement and Social Security › Article 4-A - Investments of Public Pension Funds › 178 - Additional Limitations on Eligible Investments.

§    178.    Additional    limitations    on   eligible   investments.
  Notwithstanding any other provision of law, including the provisions  of
  the administrative code of the city of New York, the trustee or trustees
  of  a fund shall not have the power to invest in any insured mortgage or
  conventional mortgage of an unpaid  principal  amount  at  the  time  of
  investment  of  less  than two hundred fifty thousand dollars; provided,
  however,  that  this  limitation  shall  be  inapplicable  as  to  those
  mortgages  pledged,  assigned  or  transferred to the fund as collateral
  security for the unpaid balance of the bonds and  notes  purchased  from
  any  bank,  trust  company, savings bank or savings and loan association
  authorized by subdivision four of section one hundred  seventy-seven  of
  this  chapter;  and  provided  further  that,  with  respect to any fund
  administered for employees of the city  of  New  York,  the  trustee  or
  trustees  of  such  a  fund shall be authorized to invest in any insured
  mortgage or conventional mortgage of an unpaid principal amount  at  the
  time of investment of not less than one hundred thousand dollars.
2023 New York Laws › RSS - Retirement and Social Security › Article 4-A - Investments of Public Pension Funds › 179-A - Construction.

§  179-a. Construction.  In the event of any conflict or inconsistency
  between the provisions of this article four-a and the provisions of  any
  other  provision  of  law as to the percentage of assets of a fund which
  may be invested in any one type of investment or in any  one  particular
  investment, the provisions of this article shall govern.
Nothing  contained  in  this  article shall be construed to affect any
  lawful investment made prior to the effective date of  this  article  by
  the  trustee  or  trustees  of  a  fund,  and any such investment may be
  retained or disposed of by such trustee or trustees in  accordance  with
  any other provision of law.
2023 New York Laws › RSS - Retirement and Social Security › Article 4-B - Public Pension Fund Group Life Insurance › 185 - Definitions.

§  185.  Definitions.  As  used  in  this  article, unless a different
meaning clearly appears from the context: a. The term "fund" shall  mean
any  public retirement system or pension fund which grants retirement or
pension benefits to employees of the city of New York, employees of  the
state  of New York, employees of any department or agency of the city of
New York or of the state of New York, employees of any  municipality  or
other  participating  employer  participating  in the New York state and
local employees' retirement system or  the  New  York  state  and  local
police  and  fire  retirement  system, and employees of school districts
participating in the New York state teachers' retirement system.
b. The term "ordinary death benefit":
(1) shall include only the death benefits authorized by:
(a) sections sixty, sixty-a, sixty-b, sixty-c,  three  hundred  sixty,
three  hundred  sixty-a,  three  hundred sixty-b, three hundred sixty-c,
four hundred  forty-eight,  four  hundred  forty-eight-a,  five  hundred
eight,  five  hundred  eight-a, six hundred six and six hundred six-a of
the retirement and social security law; and
(b) section five hundred twelve of the education law; and
(c) sections B3-32.0, B20-39.0 and B20-40.0 of the administrative code
of the city of New York and
(d) subdivisions a, b and c of  section  B18-38.0  of  such  code  and
subdivisions a, a-1, b, c and f of section B19-7.79 of such code; and
(e)  section  twenty  of  the  rules  and  regulations of the board of
education retirement system of the city of New York; and
(f) subdivision four of section B3-36.0 of such code, subdivision  two
of  section  B20-41.0 of such code, subdivision d of section B18-38.0 of
such code, subdivisions d, e and f of section  B19-7.79  of  such  code,
section  two  hundred  seven-h of the general municipal law, as added by
chapter nine hundred four of the laws of nineteen hundred sixty-six  and
amended,  section  two  hundred seven-h of the general municipal law, as
added by chapter nine hundred  six  of  the  laws  of  nineteen  hundred
sixty-six  and  section  fourteen-a  of the rules and regulations of the
board of education retirement system of the city of  New  York,  in  any
case  where  the death to which any of the provisions above mentioned in
this subparagraph (f) is applicable occurs before the effective date  of
retirement  designated  by the member or by the board of trustees of the
retirement system, as the case may be; and
(2)  shall  include  the  accelerated  death  benefit  authorized   by
subdivision  nine  of  section five hundred eleven of the education law;
and
(3) shall not include a death benefit payable  as  the  result  of  an
accident sustained in the performance of duty.
2023 New York Laws › RSS - Retirement and Social Security › Article 4-B - Public Pension Fund Group Life Insurance › 186 - Public Pension Fund Group Life Insurance.

§  186.  Public  pension  fund  group life insurance.   The trustee or
  trustees of a fund are authorized to take such steps as are necessary to
  afford any ordinary death benefit provided by such fund in the  form  of
  group  life insurance upon a determination that to do so would guarantee
  a more favorable tax  treatment  of  the  benefit  to  beneficiaries  of
  members on whose behalf such benefit is payable.
2023 New York Laws › RSS - Retirement and Social Security › Article 5 - Construction, Laws Repealed, Effective Date › 180 - Construction.

§  180.  Construction.    a.  An  act  of  the legislature of the year
  nineteen hundred fifty-five or  nineteen  hundred  fifty-six  which,  in
  form,  amends or repeals or purports to amend or repeal any provision or
  provisions of the supplemental pension act or of article four,  five  or
  six  of  the  civil  service  law, as in force immediately prior to July
  first, nineteen hundred fifty-six, shall be deemed and construed  as  an
  amendment  or repeal, as the case may be, of the corresponding provision
  or provisions of such act or law, as contained in this act.
b. An act of the legislature of the year nineteen  hundred  fifty-five
  or  nineteen  hundred  fifty-six  which  adds,  or purports to add a new
  section, subdivision or other  provision  of  law  to  the  supplemental
  pension act or article four, five or six of the civil service law, as in
  force immediately prior to July first, nineteen hundred fifty-six, shall
  be  deemed  and  construed as having been added to this act and shall be
  given full effect according to its context as if the same had been added
  expressly and in terms to this act and shall be deemed and construed  to
  have  been inserted in this act in the appropriate position in regard to
  and as modifying the effect of the corresponding provision or provisions
  of this act.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 191 - Definitions.

§ 191. Definitions. As used in this act:
a.  The  term  "state  retired employee" shall mean a person sixty-two
  years of age or  older  who  is  retired,  or  any  person  retired  for
  disability  regardless  of  age,  and  receives,  as  a  result  of such
  retirement,  a  retirement  allowance  or   pension   from   any   state
  administered and operated retirement or pension plan or system.
b.  The  term  "local  retired employee" shall mean a person sixty-two
  years of age or  older  who  is  retired,  or  any  person  retired  for
  disability  regardless  of  age,  and  receives,  as  a  result  of such
  retirement, a retirement allowance or pension  from  any  retirement  or
  pension system or plan of a municipality.
c.  The  term  "state  retired  teacher" shall mean a person sixty-two
  years of age or  older  who  is  retired,  or  any  person  retired  for
  disability  regardless  of  age,  and  receives,  as  a  result  of such
  retirement, a retirement allowance from  the  New  York  state  teachers
  retirement system.
d.  The  term  "local  retired  teacher" shall mean a person sixty-two
  years of age or  older  who  is  retired,  or  any  person  retired  for
  disability  regardless  of  age,  and  receives,  as  a  result  of such
  retirement, a retirement allowance from any teachers' retirement  system
  administered and operated by a municipality or a school district located
  therein.
e. The term "municipality" shall mean a county, city, town or village.
f. The term "comptroller" shall mean the state comptroller.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 193 - Authorization to Municipalities to Adopt Necessary Local Laws, Ordinances or Resolutions.

§  193. Authorization to municipalities to adopt necessary local laws,
  ordinances or resolutions.  Any municipality is  hereby  authorized  and
  empowered  to  adopt  and  amend  a  local  law, ordinance or resolution
  providing for supplemental retirement allowance payments both  to  local
  retired  employees  thereof  and  local  retired  teachers  of  a school
  district located therein.  Any such local law, ordinance  or  resolution
  shall  provide  an  equitable  method  of  computing  the amount of such
  payments. The supplemental retirement allowances paid to  local  retired
  employees  shall  not exceed the supplemental retirement allowances paid
  to state retired employees pursuant to this  article.  The  supplemental
  retirement  allowances  paid  to local retired teachers shall not exceed
  the supplemental retirement allowances paid to  state  retired  teachers
  pursuant  to  this article.  Any such local law, ordinance or resolution
  may  contain  provisions  necessary  and  appropriate  for  the   proper
  administration  of  such  supplemental  retirement  allowance  payments,
  including a provision requiring the filing of verified applications  for
  such payments.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 194 - Payment of Supplemental Retirement Allowances.

§  194.  Payment  of supplemental retirement allowances.  On or before
  the last day of each month, there shall be paid to  each  state  retired
  employee  and state retired teacher, from the supplemental pension fund,
  the monthly supplemental retirement allowance payment to which he may be
  entitled under the provisions of this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 195 - Rules and Regulations.

§  195.  Rules and regulations.   The comptroller shall prescribe such
  rules  and  regulations  as  may   be   required   for   the   effective
  administration   of   the   provisions   of  this  article  relating  to
  supplemental retirement allowance payments to state retired teachers and
  state retired employees.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 196 - Information to Be Furnished to Comptroller.

§  196.  Information  to be furnished to comptroller.  The comptroller
  shall have authority to require any department or agency of the state to
  furnish him with such records, information and data as he  may  need  to
  carry out the provisions of this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 198 - Reimbursement for Payments to State Retired Teachers.

§  198. Reimbursement for payments to state retired teachers.  As soon
  as practicable after the close of each fiscal year  of  the  state,  the
  comptroller  shall  certify to the commissioner of education a statement
  of the total amount paid out by him during such  fiscal  year  to  state
  retired  teachers  pursuant  to  this  article.  Such  amount  shall  be
  apportioned on the same basis and collected in the  same  manner  as  is
  provided  for the collection of employers' contributions to the New York
  state teachers retirement system by  subdivision  two  of  section  five
  hundred  twenty-one  of the education law. Amounts so collected shall be
  deposited in and credited to the supplemental pension fund.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 199 - Reimbursement by Participating Employers for Payments to Certain State Retired Employees.

§  199.  Reimbursement  by  participating  employers  for  payments to
  certain state retired employees.  a. Each participating employer of  the
  New  York  state employees' retirement system, as defined in subdivision
  twenty of section two of the retirement and social security  law,  shall
  contribute  to  the  cost of providing supplemental retirement allowance
  payments to those state retired employees who retire from  service  with
  such participating employer in the manner provided in this section.
b.  As  soon as practicable after the close of each fiscal year of the
  state, the comptroller shall determine the pro rata share of the cost of
  providing such supplemental retirement allowance  payments  during  such
  fiscal  year to be contributed by each such participating employer. Such
  pro rata share shall be determined on the basis of the ratio  which  the
  total  annual  compensation  paid  to  members  of  the  New  York state
  employees' retirement system by each such participating employer  as  of
  the  close  of  the fiscal year preceding such fiscal year, bears to the
  total amount of annual compensation paid to members of  such  system  by
  all such participating employers as of such date.
c.  The  comptroller  thereupon  shall submit to the fiscal officer of
  each such participating  employer  a  statement  of  the  amount  to  be
  contributed  by  it  pursuant  to  this  section.  Payment of the amount
  specified  in  the  comptroller's  statement  shall  be  made  by   such
  participating  employer within sixty days after the receipt thereof.  If
  payment of the full amount of such obligation is not made  within  sixty
  days  after  the receipt of such statement, interest at the rate of four
  per centum per annum shall commence to run against  the  unpaid  balance
  thereof  on  the  first  day after such sixtieth day. While any such sum
  shall remain due and unpaid the comptroller  may  refuse  to  audit  any
  claim for funds due to such participating employer from the state.
d.  All  amounts  received  by the comptroller from such participating
  employers pursuant to this section shall be deposited in and credited to
  the supplemental pension fund.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 200 - Reimbursement of Supplemental Pension Fund by the State.

§  200.  Reimbursement of supplemental pension fund by the state.  The
  comptroller shall include with his  budget  estimate  furnished  to  the
  governor  for each fiscal year amounts estimated by him to be sufficient
  to reimburse the supplemental pension fund for:
a. The cost of providing supplemental  retirement  allowance  payments
  during  the  current  fiscal year to all state retired employees, except
  those who retired from service with a participating employer of the  New
  York  state  employees'  retirement  system,  as  defined by subdivision
  twenty of section two of the retirement and social security law, and
b. The state's pro rata share of the cost  of  providing  supplemental
  retirement  allowance  payments  during the current fiscal year to state
  retired teachers, such pro rata share to be determined  as  provided  in
  section  one  hundred  ninety-eight of this article. The commissioner of
  education shall furnish the comptroller with such information  and  data
  as the comptroller may need to prepare such estimate.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 201 - Restriction on Use of Retirement or Pension Funds.

§  201.  Restriction on use of retirement or pension funds.  No moneys
  belonging to  any  publicly  administered  and  operated  retirement  or
  pension system or plan shall be appropriated or used for any purpose, or
  for any payment, authorized or required by this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 202 - Limitations on Obligations.

§  202.  Limitations  on  obligations.    The  supplemental retirement
  allowances provided  pursuant  to  this  article  shall  not  constitute
  membership  in  a  pension  or  retirement  system  of the state or of a
  political subdivision thereof, nor shall the granting of such allowances
  create a contractual relationship  between  the  state  or  a  political
  division  thereof  and  any  retired  employee as defined in section one
  hundred ninety-one of this chapter.
2023 New York Laws › RSS - Retirement and Social Security › Article 6 - Supplemental Retirement Allowance Act › 203 - Effect of Unconstitutionality in Part.

§  203.  Effect  of  unconstitutionality  in  part.    If  any clause,
  sentence, paragraph, subdivision, section or part of this article  shall
  be  adjudged  by any court of competent jurisdiction to be invalid, such
  judgment shall not affect, impair or invalidate the  remainder  thereof,
  but  shall  be  confined  in  its  operation  to  the  clause, sentence,
  paragraph, subdivision, 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 7 - Re-Employment in Public Service of Retired Public Employees › 210 - Definitions.

§ 210. Definitions. As used in this article:
a.  The  term  "retired person" means a retired member of a retirement
  system or pension plan administered by the state or any of its political
  subdivisions who is receiving a  retirement  allowance  for  other  than
  physical disability.
b. The term "retirement allowance" means the total amount payable to a
  retired person, whether in the form of pension or annuity, or both, from
  a  retirement system or systems or pension plan or plans administered by
  the state or any of its political subdivisions.
c. The term "supplemental retirement payment" means  the  supplemental
  pension payment or supplemental retirement allowance payable pursuant to
  article  four  or  article  six  of this chapter, or section B20-44.1 or
  chapter forty-nine, title D, of the administrative code of the  city  of
  New  York,  or  any  other  state  or  local  law  providing for similar
  supplemental pension payments or supplemental retirement allowances.
d. The term "final salary" means the maximum  salary  or  compensation
  which  the  retired  person currently would be receiving in the position
  from which he was last retired if he had not retired. If  such  position
  has  been  abolished, the appropriate authority or officer prescribed in
  paragraph (a) of subdivision two of section two hundred eleven  of  this
  chapter  shall  determine,  on  the  basis of the salary or compensation
  currently paid to persons in similar  or  comparable  positions  by  the
  employer  from  whose  service  such  retired  person  last retired, the
  maximum amount of salary  or  compensation  which  such  retired  person
  currently would be receiving in such position.
e.  The  term  "public  service" means the service of the state or any
  political division  thereof,  including  a  special  district,  district
  corporation,  school district, board of cooperative educational services
  or county vocational education and extension board, or the service of  a
  public benefit corporation or public authority created by or pursuant to
  laws  of  the  state  of  New  York,  or  the  service  of any agency or
  organization  which  contributes  as  a  participating  employer  in   a
  retirement  system  or  pension plan administered by the state or any of
  its political subdivisions.
f.  The  term  "former  employer"  means  the  state  or  a  political
  subdivision,  public  corporation, school district, board of cooperative
  educational services, county vocational education and  extension  board,
  or  an  agency  or  organization  which  contributes  as a participating
  employer in a retirement system or  pension  plan  administered  by  the
  state  or  any of its civil divisions, which directly paid the salary or
  compensation of a retired person  at  any  time  during  the  two  years
  immediately  preceding  his  retirement and who paid the salary on which
  the retiree's retirement allowance is based.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 212 - Employment of Retired Persons.

§  212.  Employment  of  retired  persons.    1.  Notwithstanding  the
  provisions of section one  hundred  one,  two  hundred  eleven  or  four
  hundred  one  of  this  chapter  or of section five hundred three of the
  education law, or the provisions  of  any  local  law  or  charter,  any
  retired  person may continue as retired and, without loss, suspension or
  diminution of his or her retirement allowance, earn  in  a  position  or
  positions in public service in any calendar year an amount not exceeding
  the  amount  set  forth  in the table in subdivision two of this section
  provided such retired person employed under this section  duly  executes
  and files with the retirement system from which he or she is receiving a
  retirement  allowance  a statement that he elects to have the provisions
  of this section apply to him or her. A statement  of  election  executed
  and  filed pursuant to this section may be withdrawn by a retired person
  at any time by a statement similarly executed and filed. However,  there
  shall  be no earning limitations under the provisions of this section on
  or after the calendar year in  which  any  retired  person  attains  age
  sixty-five.  The  retirement  board  of  the  New  York  state teachers'
  retirement system is authorized to adopt  rules  and  regulations  which
  would  allow  retired persons receiving a retirement allowance from such
  system to make such statements of earnings from a position or  positions
  in public service as such board shall determine necessary to enforce the
  provisions  of  this  section  in  lieu  of  the  foregoing statement of
  election.
2. The earning limitations for retired persons in positions of  public
  service  under  this  section  shall be in accordance with the following
  table:
For the year               Earnings limitation
1996                         $12,500
1997                         $13,500
1998                         $14,500
1999                         $15,500
2000                         $17,000
2001                         $18,500
2002                         $20,000
2003                         $25,000
2004                         $27,500
2005 and 2006                $27,500
2007 through 2019            $30,000
2020 and thereafter          $35,000
3. Notwithstanding the provisions of subdivisions one and two of  this
  section,  the  commissioner  of  education  may  determine,  pursuant to
  section  two  hundred  eleven  of  this  article,  that  such   earnings
  limitations  shall  not  apply to a retired police officer employed by a
  school district as a school resource officer.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 213 - Membership in Retirement System or Service Credit Not Allowed for Employment Under This Article.

§  213.  Membership in retirement system or service credit not allowed
  for employment under this article.  a. The provisions of any  local  law
  or charter notwithstanding, no retired person employed in public service
  pursuant  to  the  provisions  of  this  article  shall  be  required or
  permitted to become a member of any retirement system  or  pension  plan
  administered by the state or any of its political subdivisions.
b.  Member  service  credit  may  not  be  purchased or granted in any
  retirement system or pension plan administered by the state  or  any  of
  its  political  subdivisions  for  any  period  of  employment in public
  service authorized under the provisions of this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 214 - Continuation of Employment Privilege of Certain Retired Persons.

§  214.  Continuation  of  employment  privilege  of  certain  retired
  persons.   Notwithstanding any provision  of  this  article,  a  retired
  person  employed prior to July first, nineteen hundred sixty-four, under
  the provisions of subdivision f  of  section  one  hundred  one  of  the
  retirement  and  social  security law, or subdivision two of section one
  hundred fifty of the civil service law, or section one hundred fifty-one
  of the civil service law, or section 9.13 of the mental hygiene law,  or
  section  five hundred eleven-b of the education law, or section B20-48.1
  of the administrative code of the city of New  York,  may  be  similarly
  employed during the effective period of this article subject to the same
  conditions  and  limitations  as were applicable to his employment under
  the respective provisions under which he  was  employed  prior  to  July
  first, nineteen hundred sixty-four.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 214-A - Continuation of Service as Elected Official by Certain Retired Persons.

§  214-a.  Continuation  of  service  as  elected  official by certain
  retired persons. Notwithstanding the provisions of this chapter  or  any
  other state or local law to the contrary, an elected county, city, town,
  or  village  official  may  continue  in a current term of such elective
  office at the time of their retirement from another position  of  public
  service.    Retention  of  such  elective office, limitation on earnings
  and/or reduction or suspension of retirement payments shall  be  subject
  to  the  same  terms  and conditions for re-employment in public service
  imposed pursuant to the provisions of this chapter and/or the provisions
  of the civil service law.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 214-B - Pension Rights of Certain Retired Persons Who Are Appointed to the Office of New York City Marshal.

§  214-b.  Pension rights of certain retired persons who are appointed
  to  the  office  of  New  York  city  marshal.  a.  Notwithstanding  the
  provisions  of  this chapter or the provisions of any state or local law
  or charter to the contrary, no retired person who retired from  (1)  the
  New  York  city  police  pension  fund, (2) the New York city employees'
  retirement system as (A) a member of the uniformed force of the New York
  city department of correction, or (B) an employee of  the  city  of  New
  York  in the title of deputy city sheriff level one, deputy city sheriff
  level two, supervising deputy sheriff or administrative sheriff, or  (3)
  the  New  York  city fire department pension fund in a title in the fire
  marshal occupational group, and who is appointed to the  office  of  New
  York  city marshal, shall have his or her retirement allowance suspended
  or reduced on or after the effective date of  this  section  because  of
  compensation  earned  by  such retired person from service as a New York
  city marshal.
b. Notwithstanding the provisions of  subdivision  f  of  section  two
  hundred  ten  of  this article or the provisions of any other law to the
  contrary, service in the office of New York city marshal by any  retired
  person  shall  not be considered employment in a position in the service
  of a former employer for the purposes of section two hundred  eleven  of
  this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 215 - Effective Period.

§  215.  Effective  period.   The privilege granted by this article to
  retired persons to continue as such and earn compensation  in  positions
  in  public  service shall remain in full force and effect until December
  thirty-first, nineteen hundred seventy-four.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 216 - Constitutional Convention Delegates and Employees.

§   216.  Constitutional  convention  delegates  and  employees.    a.
  Notwithstanding anything to the contrary contained in  this  article  or
  any  other section of this chapter or any other provision of any general
  or local law, a member retired from any public  pension  system  of  the
  state,  elected  as a delegate of the convention to revise and amend the
  constitution of the state in the year nineteen hundred  sixty-seven,  or
  serving   as   an  employee  of  such  convention  may  serve  and  earn
  compensation in such position without any effect on his status  as  such
  retired  member  and  without suspension or diminution of his retirement
  allowance.
b. Member service credit may  not  be  purchased  or  granted  in  any
  retirement  system  or  pension plan administered by the state or any of
  its political subdivisions for any period of  service  in  the  capacity
  prescribed by subdivision a.
2023 New York Laws › RSS - Retirement and Social Security › Article 7 - Re-Employment in Public Service of Retired Public Employees › 217 - Reporting Requirements; School Salary Transparency and Disclosure.

§   217.   Reporting  requirements;  school  salary  transparency  and
  disclosure. 1. A school district and a board of cooperative  educational
  services  shall  report  all  money  earned by a retired person in their
  employ that is in excess of the earnings limitation outlined in  section
  two hundred twelve of this article to the retirement system administered
  by the state or any of its political subdivisions from whom such retired
  person is collecting their retirement allowance.
2.  A  school  district or a board of cooperative educational services
  employing a retired person who is eligible  to  collect  or  is  already
  collecting  a retirement allowance from a retirement system administered
  by the state or any of its political subdivisions  shall  report  on  an
  annual  basis  to the retirement system paying such retirement allowance
  to such retired person and to the state comptroller. This  report  shall
  consist  of  the  re-employed  retiree's  name,  date of birth, place of
  employment, current position and all earnings.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 1 - Legislative Intent; Transitory Provisions › 292 - Legislative Intent.

§ 292. Legislative intent. It is the intent of the legislature, by the
  enactment of this article, to establish a separate retirement system for
  police  officers  and  firefighters  and  to transfer thereto all police
  officers and firefighters who, on the effective date  of  such  article,
  are  members  of  the  New  York  state  and local employees' retirement
  system, and all other  persons  who  are  members  of  such  system  and
  contributing  pursuant  to the provisions of sections eighty-one through
  eighty-seven, inclusive, of  this  chapter,  immediately  prior  to  the
  effective  date  of  this  article, together with such rights, benefits,
  privileges, obligations and duties enjoyed  by  or  applicable  to  such
  police  officers,  firefighters  and  other  persons  as  members of the
  employees' retirement system.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 1 - Legislative Intent; Transitory Provisions › 293 - Transfer of Assets and Liabilities.

§ 293. Transfer of assets and liabilities. a. As used in this section,
  "assets  of  the  employees' retirement system" means the assets of such
  system as  shown  on  page  four  of  the  annual  report  as  of  March
  thirty-first,  nineteen  hundred  sixty-seven, prepared for the New York
  state department of financial services; "liabilities of  the  employees'
  retirement system" means the liabilities of such system as shown on page
  five  of  the  annual  report as of March thirty-first, nineteen hundred
  sixty-seven, prepared for the New York  state  department  of  financial
  services.
b.  After  the  annual  valuation of the assets and liabilities of the
  funds of the employees' retirement system required by subdivision  d  of
  section  eleven  of  this  chapter  and  on  the  basis of the actuarial
  information available to him or  her  on  March  thirty-first,  nineteen
  hundred sixty-seven, the comptroller shall determine the total amount of
  the  assets  and liabilities of the employees' retirement system and the
  percentage  of  such  assets  and  the  amount   of   such   liabilities
  attributable  to  police officers and firefighters and all other persons
  transferred. After such determination, and subject to  the  approval  of
  the superintendent of financial services, the comptroller shall transfer
  such  percentage  of the total assets and the amount of such liabilities
  of the employees' retirement system to the retirement system established
  by this article. Each category of such assets, including but not limited
  to such categories as government bonds, corporate bonds, common  stocks,
  mortgages   insured   under   the  National  Housing  Act,  conventional
  mortgages, etc. so transferred, shall constitute as nearly  as  possible
  the  percentage  of the total assets of the employees' retirement system
  which are attributable to police officers  and  firefighters  and  other
  persons  transferred determined from the actuarial valuation as of March
  thirty-first, nineteen hundred sixty-seven. The  assets  so  transferred
  shall  include a proportionate share of contributions from participating
  employers to be received by the employees' retirement system after April
  first, nineteen hundred sixty-seven, based on valuations prior  to  that
  date.  The  comptroller is hereby authorized and directed to invoice for
  and to collect such contributions for the employees'  retirement  system
  in  the same manner and to the same extent as if the members transferred
  to the system established by this article had continued  as  members  of
  the employees' retirement system.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 1 - Legislative Intent; Transitory Provisions › 294 - Transfer of Retirement Membership, Contributions, Reserves and Other Credits of Police Officers and Firefighters, and Certain Other Persons.

§  294. Transfer of retirement membership, contributions, reserves and
  other credits of police officers and  firefighters,  and  certain  other
  persons. a. The membership in the employees' retirement system of police
  officers  and firefighters on the effective date of this article, and of
  all persons who are members of such system on such date and contributing
  pursuant to the provisions of sections eighty-one through  eighty-eight,
  inclusive,  of  this chapter as in force and effect immediately prior to
  the effective  date  of  this  article,  shall  be  transferred  to  the
  retirement  system  established  by  this  article on the effective date
  thereof.  All  such  persons  transferred  to  the   retirement   system
  established pursuant to the provisions of this article shall be entitled
  to  all  prior service credits and member service credits and to all the
  rights, privileges, immunities, benefits, refunds, increases,  advances,
  insurance,  pensions,  annuities,  retirement allowances, death benefits
  and options and shall be subject to all obligations,  dues,  duties  and
  requirements  to  which  they were entitled or were subject, as the case
  may be, pursuant to the provisions  of  article  two  of  this  chapter.
  Persons  becoming  members  of the retirement system established by this
  article subsequent to March thirty-first, nineteen hundred  sixty-seven,
  and  who  are entitled to credit for service rendered as a member of the
  employees' retirement system shall be entitled to the  same  credit  for
  such service pursuant to this article.
b.  Accumulated contributions, reserves and any other credits standing
  to the credit of persons enumerated in subdivision  a  of  this  section
  shall  be  transferred  to  the credit of such persons in the retirement
  system  established  by  this  article.  Members  so  transferred  shall
  continue  to contribute at the same rate as applied to them individually
  in the employees' retirement  system  and  they  shall  continue  to  be
  entitled  to  the  same  rights,  benefits  and  privileges as they were
  entitled to as members  of  the  employees'  retirement  system  on  the
  effective date 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 1 - Legislative Intent; Transitory Provisions › 295 - Payment of Retirement Allowances and Transfer of Reserves.

§  295.  Payment of retirement allowances and transfer of reserves. a.
  On the effective date of this article, all retired police  officers  and
  firefighters,  and  other  persons  who  have  retired  pursuant  to the
  provisions of sections eighty-one through  eighty-eight,  inclusive,  of
  this  chapter, as in force and effect immediately prior to the effective
  date of this article, and their beneficiaries shall be  transferred  and
  become  a  charge upon the retirement system established by this article
  and shall thereafter  receive  their  retirement  allowances  from  such
  system.
b. Reserves held by the comptroller for the payment of such retirement
  allowances  shall be transferred to the retirement system established by
  this article on the effective date thereof.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 1 - Legislative Intent; Transitory Provisions › 296 - Continuation of Certain Tables and Rates.

§   296.  Continuation  of  certain  tables  and  rates.  All  tables,
  schedules, rates (including but  not  limited  to  regular  and  special
  deficiency  rates),  regular  and  special deficiency periods, and other
  actuarial tables, rates  and  procedures  in  effect  and  used  by  the
  employees'  retirement  system  for  or  in  connection  with any of its
  activities or operations  with  respect  to  the  membership  of  police
  officers  and  firefighters  and  persons who are members of such system
  pursuant to sections eighty-one through eighty-eight,  inclusive,  shall
  continue  to  be  used  in  the  same  manner  by  the retirement system
  established by this article, and shall remain in effect unless and until
  duly modified or rescinded 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 1 - Legislative Intent; Transitory Provisions › 297 - Transfer of Records and Documents.

§ 297. Transfer of records and documents. Records and documents of the
  employees'   retirement   system   relating   to   police  officers  and
  firefighters and other persons who are members of such  system  pursuant
  to  sections eighty-one to eighty-eight, inclusive, shall be transferred
  to the retirement system established by this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 1 - Legislative Intent; Transitory Provisions › 298 - Temporary Advances.

§  298.  Temporary  advances.    At  any time after this article shall
  become law and prior to the date upon which assets and other  funds  are
  transferred  from  the  employees'  retirement  system to the retirement
  system established by this article, the comptroller is  empowered,  upon
  his  warrant,  to  direct  the  head of the division of the treasury, to
  transfer from funds kept on deposit to the credit of the New York  state
  employees'  retirement  system  an  amount,  not  exceeding five million
  dollars, to the credit of the  retirement  system  established  by  this
  article.  Such monies shall be deposited as provided in subdivision e of
  section three hundred thirteen of this article, and shall  be  used  for
  the  purpose  of meeting disbursements for pensions, annuities and other
  payments ordered by the comptroller, and for expenses of maintenance and
  operation, including personal service. The amount so advanced  shall  be
  deducted  from  the  total  amount  to  be transferred by the employees'
  retirement system to the retirement system established by this  article,
  upon  the final settlement of all accounts by such system as provided in
  this article.
2023 New York Laws › RSS - Retirement and Social Security › Article 8 - New York State and Local Police and Fire Retirement System › Title 3 - Establishment, Management, Supervision and Financing › 310 - Retirement System Established; a Corporation.

§  310. Retirement system established; a corporation.  The policemen's
  and firemen's retirement system is hereby established. Such system shall
  have the powers and privileges of a corporation and shall  be  known  as
  the "New York State and local Police and Fire Retirement System." All of
  the  business  of such retirement system shall be transacted, all of its
  funds invested and payments made, and all of its  cash,  securities  and
  other  properties  shall  be  held  in  such name, except as provided in
  article nine of this chapter.
Reference in this chapter or in any other law to the  New  York  state
  policemen's  and firemen's retirement system shall be deemed to mean and
  refer to the New York state and local police and fire retirement system.