New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 106 - Payroll Deductions From Salaries Of State Employees
Section 106.2 - Payroll deductions for the purchase of united states bonds
Current through Register Vol. 46, No. 12, March 20, 2024
Every State employee may specify in writing to the State Comptroller a certain amount to be deducted from his or her salary for the purchase of United States bonds. The following rules shall apply to this program:
(a) A payroll deduction authorization card (the form of which must be approved by the State Comptroller) must be signed by the employee and forwarded to the employee's agency payroll officer for filing with the State Comptroller. Deductions shall start with the first pay period beginning on or after the date selected by the employee.
(b) The minimum deduction is $1 per day period. There is no maximum deduction.
(c) The employee has the right to revoke authorization for payroll deductions at any time, by written notice to the State Comptroller. Notice must be submitted through the employee's agency payroll officer.
