reglab/statecodes huggingface dataset:
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter V - Public Authorities › Part 206 - Comptroller Approval Of Contracts Made By State Authorities › Section 206.5 - Submission of eligible contracts or eligible contract amendments subject to the comptroller's approval

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				Every State authority shall, upon execution of any eligible contract or
				eligible contract amendment described in a written notice issued pursuant to
				section
				206.4(a) 
				of this Part, promptly submit to the Comptroller for approval each such
				eligible contract or eligible contract amendment for the duration stated in the
				notice, including all attachments and documents incorporated by reference
				therein, except where the Comptroller has determined that a complete copy is
				unnecessary and has so notified the State authority, along with the complete
				procurement record. A copy of all such eligible contracts and eligible contract
				amendments shall be retained on file with the Office of the State Comptroller.
				Such submission should be made in such form and manner as may be prescribed by
				the Comptroller. The Comptroller also reserves the right to request submission
				of additional materials that are relevant to the Comptroller's review and
				approval.
(b) For each eligible
				contract or eligible contract amendment described in a written notice issued
				pursuant to section
				206.4(a) 
				of this Part, the State authority shall include a certification in the
				procurement record that it has undertaken an affirmative review of the
				responsibility of the contractor and significant subcontractors known at the
				time of the contract award. Such review shall be designed to provide reasonable
				assurances that the contractor and significant subcontractors are responsible
				and shall be documented in the procurement record. For purposes of this
				paragraph, a subcontractor shall be deemed to be significant if:
(1) the subcontractor's qualifications are a
				material factor in the award; or
(2) the value of the subcontract will equal
				or exceed an amount as the Comptroller may from time-to-time determine, to be
				reasonable.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter V - Public Authorities › Part 206 - Comptroller Approval Of Contracts Made By State Authorities › Section 206.6 - Criteria for approval of an eligible contract or eligible contract amendment

Current through Register Vol. 46, No. 28, July 10, 2024
The Comptroller's determination as to whether to approve an
				  eligible contract or eligible contract amendment submitted for approval shall
				  include, but not be limited to, consideration of the following criteria:
(a) for all eligible contracts and eligible
				contract amendments:
(1) compliance with all
				applicable laws;
(2) the
				responsibility of the proposed contractor;
(3) the reasonableness of the State
				authority's procurement procedures and, if applicable, compliance with such
				procedures;
(4) the reasonableness
				of the result;
(5) whether the
				contract contains a description of the scope of services, a specified term with
				a commencement and end date (except in the case of properly executed purchase
				orders) and is otherwise reasonable and acceptable as to form; and
(6) whether the terms of the agreement are
				reasonable and in the best interests of the authority;
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter V - Public Authorities › Part 206 - Comptroller Approval Of Contracts Made By State Authorities › Section 206.7 - Filing requirements for exempt contracts, exempt contract amendments, certain eligible contracts and certain eligible contract amendments

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
(1) A State authority shall file with the
				Office of the State Comptroller:
(i) a copy
				of any exempt contract;
(ii) a copy
				of any exempt contract amendment; and
(iii) an explanation of why such contract or
				contract amendment is exempt from the Comptroller's approval.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter V - Public Authorities › Part 206 - Comptroller Approval Of Contracts Made By State Authorities › Section 206.8 - Approval of contracts made by MTA and NYCTA

Current through Register Vol. 46, No. 28, July 10, 2024
(a) For purposes of this section:
(1) MTA shall mean the Metropolitan
				Transportation Authority created under section twelve hundred sixty-three  of
				the Public Authorities Law, including any Subsidiaries of MTA.
(2) NYCTA shall mean the New York City
				Transit Authority created under section twelve hundred one  of the Public
				Authorities Law, including any of Subsidiaries of NYCTA.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 300 - Interest Rates for New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Section 300.1 - Regular interest; and rate of estimated future investment earnings

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				As used in the Retirement and Social Security Law, the term
regular
				interest
shall mean four per centum per annum or the rate of interest
				recommended by the Retirement System actuary and promulgated by the Comptroller
				which is in effect on the date of retirement, as provided in paragraph (4) of
				subdivision (b) of section 11 and paragraph (4) of subdivision (b) of section 311  of the Retirement and Social Security
				Law, if higher than four per centum. Effective October 15, 2015, the
				Comptroller has promulgated the regular interest rate as 6.60 per centum per
				annum.
(b) Effective April 1, 2021
				the rate of estimated earnings for the New York State and Local Employees'
				Retirement System and the New York State and Local Police and Fire Retirement
				System shall be 5.9 per centum per annum.
(c) The rates herein fixed shall remain in
				effect until revised by further order duly promulgated.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 300 - Interest Rates for New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Section 300.2 - Rate of special interest

Current through Register Vol. 46, No. 28, July 10, 2024
The rate of special interest to be credited to the individual
				  annuity savings accounts of persons who are members of the New York State and
				  Local Employees' Retirement System or New York State and Local Police and Fire
				  Retirement System as of the close of each fiscal year, is as follows:
(a) for members earning regular interest of
				three per centum, pursuant to section 2 (26)(b)  of the Retirement
				and Social Security Law, two per centum;
(b) for members earning regular interest of
				four per centum, pursuant to section 2 (26)(b)  of the Retirement
				and Social Security Law, one per centum.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 300 - Interest Rates for New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Section 300.3 - Interest on additional contributions made by member prior to june 13, 1939

Current through Register Vol. 46, No. 28, July 10, 2024
(a) On and after
				April 1, 1972, and for the fiscal year ending on March 31, 1973, the interest
				to be credited on such additional contributions shall be at the rate of five
				per centum per annum.
(b) The rate
				of five per centum per annum shall continue to be used in succeeding fiscal
				years, unless and until amended by a further directive of the
				Comptroller.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 300 - Interest Rates for New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Section 300.4 - Interest rate on loans to tier 1 and 2 members

Current through Register Vol. 46, No. 28, July 10, 2024
(a) The rate of interest to be charged on all
				loans granted on and after April 1, 1970 pursuant to sections 50 and
				350  of the Retirement and Social Security
				Law shall be five per centum per annum.
(b) This rate of interest shall also apply,
				from April 1, 1970, to unpaid balances of loans outstanding on such
				date.
(c) The rate of interest
				fixed herein shall remain in effect until revised by further order.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 301 - Five-year Certain Options And Ten-year Certain Options › Section 301.1 - Background

Current through Register Vol. 46, No. 28, July 10, 2024
Section 447  of the Retirement and Social Security
				  Law authorizes two new retirement options, each the actuarial equivalent of the
				  retirement allowance without optional modification, for members who join the
				  retirement systems on or after July 1, 1973. The five-year certain option
				  provides payment to the pensioner for life, with guaranteed payment for a
				  minimum of five years following retirement, and the ten-year certain option
				  provides payment to the pensioner for life, with guaranteed payment for a
				  minimum of 10 years following retirement. The following rules establish the
				  terms and conditions for selecting either the five-year certain option or
				  ten-year certain option.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 301 - Five-year Certain Options And Ten-year Certain Options › Section 301.2 - Election of option

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				The election of either the five-year certain option or the ten-year certain
				option shall be made on blanks prepared by the Comptroller for that purpose.
				Any such election may be made at any time before the first payment on account
				of any benefit becomes normally due. In the case of retirement on account of
				disability, the election of either the five-year certain option or the ten-year
				certain option may be made within 30 days after mailing by the Comptroller of
				notification of approval of retirement on account of disability. An election of
				an option may be withdrawn or a new option may be chosen at any time before the
				first payment on account of any benefit becomes normally due or within 30 days
				of the mailing of notification by the Comptroller of approval of retirement on
				account of disability.
(b) An
				election of either the five-year certain option or the ten-year certain option
				shall be ineffective until it is filed in the office of the
				Comptroller.
(c) The Comptroller,
				for reasonable cause, shall have the power to extend the time for the election
				of an option, for a period or periods which shall expire not later than 60 days
				immediately after the effective date of the member's retirement.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 301 - Five-year Certain Options And Ten-year Certain Options › Section 301.3 - Effective date of option selection

Current through Register Vol. 46, No. 28, July 10, 2024
A five year certain option or a 10 year certain option shall
				  not become effective if the member dies before the effective date of his
				  retirement, or within 30 days after the filing in the office of the Comptroller
				  of the application for his retirement.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 301 - Five-year Certain Options And Ten-year Certain Options › Section 301.4 - Designation of beneficiary

Current through Register Vol. 46, No. 28, July 10, 2024
(a) A
				beneficiary may be designated in accordance with the provisions of sections 90 and
				390  of the Retirement and Social Security
				Law. Each such designation shall be:
(1) Made
				in writing on a blank provided by the Comptroller for such a purpose;
(2) Ineffective until it is filed in the
				office of the Comptroller;
(3)
				Revocable to the extent that a new beneficiary may be designated by the
				pensioner at any time during the unexpired period of the guaranteed
				option.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 302 - Optional Membership For Provisional Or Temporary Appointees › Section 302.1 - Non-member provisional or temporary appointees

Current through Register Vol. 46, No. 28, July 10, 2024
An employee not already a member of the New York State
				  Employees' Retirement System, appointed either provisionally, as authorized in
				  section 65  of the Civil Service Law, or on a
				  temporary basis as authorized in section 64  of the Civil Service Law, to a position in
				  the classified service of civil service, need not become a member of the
				  retirement system.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 302 - Optional Membership For Provisional Or Temporary Appointees › Section 302.2 - Credit for service as a provisional or temporary appointee to be applied on membership

Current through Register Vol. 46, No. 28, July 10, 2024
Such provisional or temporary appointee, thereafter becoming
				  a member of the retirement system, may upon application to the retirement
				  system be credited for any such previous provisional or temporary service upon
				  making such contributions therefor as may be required by law.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 303 - Extension Of Time For Payment Of Deficiency Contributions › Section 303.1 - Additional liability under 55 year retirement plan

Current through Register Vol. 46, No. 28, July 10, 2024
The additional liability on account of past member service
				  and prior service of members of the system shall be liquidated by extending the
				  period over which the deficiency contributions would otherwise be payable, and
				  to continue until such liability shall have been fully paid as certified by the
				  chief actuary of the system.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 303 - Extension Of Time For Payment Of Deficiency Contributions › Section 303.2 - Additional liability under increased ordinary death benefit

Current through Register Vol. 46, No. 28, July 10, 2024
The additional liability on account of past member service
				  and prior service of members of the system shall be liquidated by extending the
				  period over which the deficiency contributions would otherwise be payable, and
				  to continue until such liability shall have been fully paid, as certified by
				  the chief actuary of the system.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 305 - Contingent Beneficiaries › Section 305.1 - Authority to nominate

Current through Register Vol. 46, No. 28, July 10, 2024
On and after April 1, 1957, any member may nominate, on a
				  form prescribed by the Comptroller, in addition to the named primary
				  beneficiary, one named contingent beneficiary to whom the benefits provided by
				  sections 51 and
				  60  of the Retirement and Social Security Law
				  will be paid in the event the primary beneficiary does not survive the
				  member.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 306 - Notice To Decrease Annuity Contributions › Section 306.1 - Notice irrevocable for one year

Current through Register Vol. 46, No. 28, July 10, 2024
Any notice filed as prescribed by the aforementioned section
				  (Retirement and Social Security Law, §138-b) requesting a decrease in
				  annuity contributions to the New York State Employees' Retirement System of the
				  amount required to pay the member's contribution for old-age and survivors
				  insurance, as well as any withdrawal thereof, shall be irrevocable for a period
				  of one year from the date of such filing.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 307 - Redeposit Of Withdrawals › Section 307.1 - Withdrawals for f.o.a.s.i

Current through Register Vol. 46, No. 28, July 10, 2024
Those members of the New York State Employees' Retirement
				  System who previously paid for their retroactive Federal old-age and survivors
				  insurance coverage out of their accumulated contributions are permitted, at any
				  time prior to their retirement, to redeposit in one lump sum into their
				  accumulated contributions the amount withdrawn therefrom for such
				  purpose.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 308 - Loans To Members › Section 308.1 - Applications for loans

Current through Register Vol. 46, No. 28, July 10, 2024
Applications for loans shall be executed by members on forms
				  prepared by the retirement system. No application for a loan made by a member
				  of Tier 1 or Tier 2 shall be accepted by the retirement system if the member
				  has made application for and received a loan within the previous three
				  months.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 308 - Loans To Members › Section 308.2 - Computation of premiums

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				On or after April 1, 2010, and until further directed by the Comptroller as
				provided by sections 50 (g)(2) and 350 (g)(2)  of the Retirement and Social
				Security Law, the premium which shall be charged to members of the New York
				State and Local Employees' Retirement System and the New York State and Local
				Police and Fire Retirement System for loan insurance shall be computed as
				hereinafter stated.
(1) Said premiums shall
				be charged for, and shall apply to, all loans outstanding at the beginning of
				each month, and shall further apply to, and be charged for, any new or
				additional loans made during any month.
(2) With reference to outstanding loans, the
				premium charge for said month will be computed on the first day of said
				month.
(3) With reference to new
				and additional loans made on or before the 16th day of any month, a premium
				charge for that month shall be computed as of the date of the issuance of the
				loan check.
(4) The premiums
				charged shall be based on the member's attained age at the time the charge is
				computed in accordance with the following schedule of rates:
Attained age group at time
							 of
Premium
								rate
premium charge
per
								annum
NYSLERS (Tiers 1 and
							 2)
NYSLPFRS (Tiers 1 and
							 2)
NYSLERS and NYSLPFRS (Tiers
							 3-6)
15 years or older but less than 40 years
.012%
.012%
.096%
40 years or older but less than 50 years
.024%
.012%
.192%
50 years or older but less than 70 years
.024%
.012%
.396%
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.2 - Authorized leave of absence without pay for medical reasons

Current through Register Vol. 46, No. 28, July 10, 2024
For the purpose of this Part, an authorized leave of absence
				  without pay for medical reasons is defined as a leave granted by the
				  appropriate appointing authority for medical reasons for a period not exceeding
				  two years, which leave may be extended by such authority for an additional
				  period or periods not exceeding a total of two years.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.3 - Presumption of regularity of authorized leave for medical reasons

Current through Register Vol. 46, No. 28, July 10, 2024
For the purposes of this Part, a leave of absence without
				  pay, granted for medical reasons, must be in writing and signed by the
				  appropriate appointing authority. Such leave shall presumptively be deemed to
				  be authorized and to comply with the established administrative procedures of
				  the appointing authority, in the absence of substantial evidence to the
				  contrary, for any purpose relating to the qualification of an applicant for
				  retirement and death benefits provided by the Retirement and Social Security
				  Law.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.4 - Workers' compensation or other employer-funded disability programs

Current through Register Vol. 46, No. 28, July 10, 2024
For the purposes of this Part, members of the New York State
				  Employees' Retirement System or the New York State Policemen's and Firemen's
				  Retirement System who are receiving benefit payments from either Workers'
				  Compensation or other employer-funded disability programs and whose employment
				  has not terminated by resignation, employer action or any other means, shall be
				  considered to be in service upon which membership in the system is based for a
				  period not exceeding two years from the last date the member was being paid on
				  the payroll.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.5 - Application for retirement benefits while on an authorized leave of absence without pay for medical reasons or while receiving benefit payments from either workers' compensation or other employer-funded disability programs

Current through Register Vol. 46, No. 28, July 10, 2024
For purposes of filing an application for the disability
				  retirement benefits provided by sections 62, 63, 362, 363, 363-b, 363-c, 506 and
				  507  of the Retirement and Social Security
				  Law, a member of the New York State Employees' Retirement System or the New
				  York State Policemen's and Firemen's Retirement System shall be deemed to be in
				  service upon which membership is based:
(a) while on an authorized leave of absence
				without pay, granted for medical reasons, which has continuously been in effect
				since the member was last paid on the payroll; or
(b) while receiving benefit payments from
				either Workers' Compensation or other employer-funded disability programs,
				provided that such member's employment has not terminated by resignation,
				employer action or any other means, and provided that two years have not
				elapsed from the last date the member was being paid on the payroll.
Service credit shall not be granted for the period of any
				  such leave of absence without pay. For the purposes of sections 507-a and
				  605  of the Retirement and Social Security
				  Law, a member of the New York State Employee's Retirement System who is
				  receiving benefit payments from either Workers' Compensation or other
				  employer-funded disability programs, and whose employment has not terminated by
				  resignation, employer action or any other means, shall be considered to be on a
				  leave of absence for medical reasons without pay.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.6 - Date upon which disability retirement will commence

Current through Register Vol. 46, No. 28, July 10, 2024
In the event a member files an application for disability
				  retirement, and is granted such benefit, the effective date of such retirement
				  shall be established as being on the date of filing of such disability
				  retirement application or on the day after the last date on which the member
				  receives salary, whichever is later.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.7 - Death of a member

Current through Register Vol. 46, No. 28, July 10, 2024
For the purposes of determining eligibility to the various
				  death benefits provided by the Retirement and Social Security Law, a member
				  shall be deemed to have died in the service upon which membership is based or
				  while on the payroll in the event that death occurs:
(a) while on an authorized leave of absence
				without pay, granted for medical reasons, which has continuously been in effect
				since the member was last paid on the payroll; or
(b) while receiving benefit payments from
				either Workers' Compensation or other employer-funded disability programs,
				provided that such members' employment has not terminated by resignation,
				employer action or any means, and provided that two years have not elapsed from
				the last date the member was being paid on the payroll.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 309 - Application For Retirement Benefits While On An Authorized Leave Of Absence Without Pay For Medical Reasons Or While Receiving Benefits Payments From Either Workers' Compensation Or Other Employer-funded Disability Programs › Section 309.8 - Effective date

Current through Register Vol. 46, No. 28, July 10, 2024
This Part shall be effective immediately.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 310 - Mortality and Service Tables; Rate of Contribution › Section 310.1 - Mortality and service tables for valuation purposes

Current through Register Vol. 46, No. 28, July 10, 2024
In accordance with the provisions of subdivision b(1) of
				  section 11 and subdivision b(1) of section 311  of the Retirement and Social Security
				  Law and upon the recommendation of the actuary of the New York State and Local
				  Employees' Retirement System and the New York State and Local Police and Fire
				  Retirement System, the State Comptroller does hereby adopt for valuation
				  purposes new service, disability, withdrawal and mortality tables which are
				  filed in the office of the New York State and Local Employees' Retirement
				  System at 110 State Street, Albany, New York, and in the Office of the
				  Secretary of State in Albany, copies of which are hereinafter set forth (see
				  Appendix 10, infra). These tables shall be used for the actuarial valuation of
				  all the liabilities of the New York State Employees' Retirement System and the
				  New York State Police and Fire Retirement System on or after April 1,
				  2020.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 310 - Mortality and Service Tables; Rate of Contribution › Section 310.2 - Mortality tables for determination of benefits

Current through Register Vol. 46, No. 28, July 10, 2024
(a)
				In accordance with the provisions of subdivision b(1) of section 11 and
				subdivision b(1) of section 311  of the Retirement and Social Security
				Law and upon the recommendation of the actuary of the New York State Employees'
				Retirement System and the New York State Policemen's and Firemen's Retirement
				System, the State Comptroller does hereby adopt mortality tables for the
				purpose of determining the benefits available to members of the New York State
				Employees' Retirement System and the New York State Policemen's and Firemen's
				Retirement System, which tables are filed in the office of the New York State
				Employees' Retirement System at 110 State Street, Albany, New York, and in the
				Office of the New York State Policemen's and Firemen's Retirement System at 110
				State Street, Albany, NY, and in the Office of the Secretary of State in
				Albany, copies of which are hereinafter set forth (see Appendix 10-A,
				infra).
(b) Notwithstanding the
				above, the 1999 mortality tables (set forth in tables 44-48, Appendix 10-A)
				shall be applicable to individuals in all tiers of membership in the New York
				State and Local Retirement System and the New York State and Local Police and
				Fire Retirement System who retire on or after January 16, 1999 and before
				October 15, 2015. These 1999 tables may only be used with a 7% interest rate,
				and shall be the exclusive tables used with respect to individuals who retire
				under Article 15 of the Retirement and Social Security Law on or after January
				16, 1999 and before October 15, 2015.
(c) Notwithstanding the above, the 2015
				mortality tables (set forth in tables 49-53, Appendix 10-A) shall be applicable
				to individuals in all tiers of membership in the New York State and Local
				Retirement System and the New York State and Local Police and Fire Retirement
				System who retire on or after October 15, 2015. These 2015 tables may only be
				used with a 6.6% interest rate, and shall be the exclusive tables used with
				respect to individuals who retire under Article 15 of the Retirement and Social
				Security Law on or after October 15, 2015
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 310 - Mortality and Service Tables; Rate of Contribution › Section 310.3 - Member's rate of contribution

Current through Register Vol. 46, No. 28, July 10, 2024
In accordance with the provisions of subdivision b(2) of
				  section 11 and subdivisions b and d of section 21 and subdivision b(2) of
				  section 311 and subdivisions b and d of section 321  of the Retirement and Social Security
				  Law, and upon the recommendation of the actuary of the New York State
				  Employees' Retirement System and the New York State Policemen's and Firemen's
				  Retirement System, the State Comptroller does hereby determine and certify, for
				  all persons who are or become members of the New York State Employees'
				  Retirement System and the New York State Policemen's and Firemen's Retirement
				  System, the rates of member contribution as set forth in the schedules on file
				  in the office of the New York State Employees' Retirement System at 110 State
				  Street, Albany, NY, and in the office of the New York State Policemen's and
				  Firemen's Retirement System at 110 State Street, Albany, NY, and in the Office
				  of the Secretary of State in Albany, copies of which are hereinafter set forth
				  (see Appendix 10-B, infra).
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 312 - New York State Public Employees Group Life Insurance › Section 312.2 - New york state public employees group life insurance plan established

Current through Register Vol. 46, No. 28, July 10, 2024
The New York State public employees group life insurance
				  plan, hereinafter referred to as the plan, is hereby established and created,
				  for the purpose of providing group life insurance for the payment of the
				  pre-retirement death benefits, or portions thereof, required by section 60, 60-a, 60-b, 360, 360-a, 360-b, 448, 508 or
				  606  of the Retirement and Social Security
				  Law, or any substantially similar provisions enacted to provide pre-retirement
				  ordinary (non-accidental) death benefits to beneficiaries of members of the New
				  York State and Local Retirement Systems. With respect to eligible deaths
				  occurring on or after April 1, 1996, the New York State public employees group
				  life insurance plan established under this Part shall also be used for the
				  purpose of providing group life insurance for post-retirement death benefits
				  payable pursuant to section 448, 508 or 606 of such law, or any substantially
				  similar provisions enacted to provide post-retirement ordinary (non-accidental)
				  death benefits to beneficiaries of members of the New York State and Local
				  Retirement Systems.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 312 - New York State Public Employees Group Life Insurance › Section 312.3 - New york state public employees group life insurance plan reserve funds

Current through Register Vol. 46, No. 28, July 10, 2024
Separate funds, to be known as the New York State Public
				  Employees Group Life Insurance Plan Reserve Funds, are herby established within
				  the New York State Employees' Retirement System and the New York State
				  Policemen's and Firemen's Retirement System, respectively, to be held in trust
				  by the State Comptroller. Such funds shall consist of all premiums paid by the
				  State and by participating employers and other monies received and paid into
				  the funds for group term life insurance purposes, and of the investment
				  earnings upon such monies, and shall be used only to pay the group term life
				  insurance prescribed by section
				  312.4 
				  of this Part. Concurrent with the determination of the initial liability of the
				  plan for the balance of the fiscal year on and after January 1, 1970, for the
				  group term life insurance provided and to be paid for pursuant to this plan,
				  there shall be segregated and transferred from the pension accumulation funds
				  of the New York State Employees' Retirement System and of the New York State
				  Policemen's and Firemen's Retirement System to the reserve fund created by this
				  section for each of such systems such amounts determined by the actuary to be
				  necessary to pay anticipated group term life insurance claims. Subsequent
				  segregations and transfers shall be made as shall be required to pay the
				  insurance prescribed by section
				  312.4 
				  of this Part from the reserve funds provided by this section.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 312 - New York State Public Employees Group Life Insurance › Section 312.5 - Premiums

Current through Register Vol. 46, No. 28, July 10, 2024
The actuary shall annually investigate the plan's claim
				  experience as provided by section 11  of the Retirement and Social Security Law.
				  On the basis of such investigations and upon the recommendation of the actuary,
				  the Comptroller shall certify the premium rates computed to be necessary to
				  fund the group term life insurance authorized to be paid by the plan, as
				  follows: As soon as practicable after the beginning of each fiscal year, the
				  actuary shall estimate the amount which will be necessary to maintain a reserve
				  which will be sufficient to pay at least one-half the amount of benefits
				  estimated to become payable during a fiscal year. On the basis of such
				  estimate, the Comptroller shall certify the premium which the State of New York
				  and participating employers in the retirement systems are required to pay into
				  the reserve funds to discharge the obligations of the plan. A statement of the
				  amount so payable shall be submitted to the State of New York and to each
				  participating employer as provided by sections 16, 17, 23, 316, 317 and
				  323  of the Retirement and Social Security
				  Law.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 313 - Withdrawal Of Excess Contributions › Section 313.1 - Background and determination

Current through Register Vol. 46, No. 28, July 10, 2024
Whereas, Sections 21 (k), 51 (c), 321 (k) and
				  351 (c)  of the Retirement
				  and Social Security Law contain authorization whereby members of the New York
				  State Employees' Retirement System and the New York State Policemen's and
				  Firemen's Retirement System may withdraw certain accumulated contributions
				  credited to them in the annuity savings fund; and
Whereas, Section 51(c) and section 351(c) itemize accumulated
				  contributions which shall be treated as excess contributions and subject to
				  withdrawal, and, in addition authorize the State Comptroller to promulgate a
				  rule and regulation determining other accumulated contributions to be excess
				  contributions and subject to withdrawal; and
Whereas, Various factors, such as the time of withdrawal, the
				  service retirement plan in which the member participates, the status of the
				  member as contributory or noncontributory, and the period during which
				  contributions were made to the retirement system, have a varying effect upon
				  whether a member's accumulated [cont'd] contributions, or a portion thereof,
				  may be required for the member's retirement allowance, or may be considered to
				  be excess contributions and subject to withdrawal, it is, therefore,
				  hereby
Determined, that, in addition to those accumulated
				  contributions identified and defined in paragraphs 1 and 2 of subdivision c of
				  section 51  of the Retirement and Social Security Law,
				  and in paragraphs 1 and 2 of subdivision c of section 351  of the Retirement and Social Security
				  Law, members of the New York State Employees' Retirement System and the New
				  York State Policemen's and Firemen's Retirement System may withdraw additional
				  excess contributions as provided in section
				  313.2 
				  of this Part.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 313 - Withdrawal Of Excess Contributions › Section 313.2 - Withdrawal of excess contributions

Current through Register Vol. 46, No. 28, July 10, 2024
A member of the New York State Employees' Retirement System
				  or the New York State Policemen's and Firemen's Retirement System may, by
				  filing a written request therefor on or after May 1, 1974, withdraw all
				  accumulated contributions which would otherwise be used to provide additional
				  annuity.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 313 - Withdrawal Of Excess Contributions › Section 313.3 - Form of request to withdraw excess contributions

Current through Register Vol. 46, No. 28, July 10, 2024
Requests to withdraw excess contributions shall be executed
				  by members on forms prepared by the retirement system. Said forms shall inform
				  members that the amount withdrawn may constitute income for tax purposes for
				  the year in which paid, and that if so, the retirement system will report such
				  amount to the Internal Revenue Service. The retirement system will pay the full
				  amount of all excess contributions which are available to the member as
				  provided in section
				  313.2 
				  of this Part, unless the member elects to withdraw only a percentage
				  thereof.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 313 - Withdrawal Of Excess Contributions › Section 313.4 - Restoration of right to make contributions

Current through Register Vol. 46, No. 28, July 10, 2024
A member who prior to May 1, 1974 filed a request for return
				  of excess accumulated contributions and who had been required upon making such
				  request to cancel any election or waiver previously filed by him to make
				  contributions pursuant to sections 21 (i), 21 (j), 321 (i) or
				  321 (j)  of the Retirement
				  and Social Security Law, shall by filing a written statement with the
				  Comptroller on or before December 31, 1974 be permitted to again make the
				  contributions that such member had been permitted to make under these
				  provisions of law prior to the filing of his request for excess accumulated
				  contributions, provided that he shall deposit in the annuity savings fund a sum
				  equal to the total contributions that he would have made had he not been
				  required to terminate the making of such contributions together with regular
				  interest. Such deposit must be made at the time of the filing of the statement
				  to elect to resume contributions, provided however, such member may at such
				  time elect to deposit such amount by payroll deductions over a period of time
				  no greater than the period during which such contributions would have been made
				  had they not been terminated.
New York Codes, Rules and Regulations › Title 2 - DEPARTMENT OF AUDIT AND CONTROL › Chapter VI - New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System › Part 314 - Purchase Of Credit For Certain World War Ii Service By Transfer Of Excess Contributions Credited To Member's Account › Section 314.1 - Purchase of service credit for certain world war ii duty by transfer of excess contributions credited to member's annuity savings fund

Current through Register Vol. 46, No. 28, July 10, 2024
In accordance with the authority provided by chapter 1166 of
				  the Laws of 1971, a member of the New York State employees' retirement system
				  or the New York state policemen's and firemen's retirement system who is
				  entitled to purchase service credit for certain World War II duty pursuant to
				  the provisions of section 41 (k) and section 341 (k)  of the Retirement
				  and Social Security Law, may purchase, on or after April 1, 1971, all or any
				  portion of such service credit with any excess contributions that may be
				  credited to the member's annuity savings fund. Upon proper application by the
				  member on a form prepared by the Comptroller, a transfer will be made from such
				  excess contributions in the annuity savings fund to required contributions in
				  the annuity savings fund, and to the pension accumulation fund, in such
				  proportions as are required by section 41 (k)(2) and section 341 (k)(2)  of the Retirement
				  and Social Security Law for the purchase of such service credit. In the event
				  that the member's annuity savings fund is not credited with sufficient excess
				  contributions to provide for the purchase of all of the member's purchasable
				  World War II service credit, those excess contributions that are available may
				  be transferred in proportional shares as set forth above to purchase the
				  maximum amount of service credit purchasable with such funds.