New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter IV - Miscellaneous Rules
Part 152 - Defined Benefit Service Award Programs For Volunteer Ambulance Workers
Section 152.16 - Administration

Universal Citation: 2 NY Comp Codes Rules and Regs ยง 152.16

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Service award programs shall be administered by the State Comptroller unless the Comptroller retains or designates an administrative service agency, financial organization, and/or an actuary to administer the programs.

(b) In the event that there is a change in the identity of the administrator, the Office of the State Comptroller shall notify the chief executive officer of each sponsor of a service award program of the change.

(c) The administrator shall:

(1) prepare standard forms of a program agreement and adoption agreement which shall be utilized by all program sponsors;

(2) prepare and distribute all forms and documents necessary for the administration of the program;

(3) compile and maintain all records required for the administration of the program, including records of participant accrued benefit amounts;

(4) prepare and distribute to participants, ambulance companies and sponsors, the reports and program summaries as required by these rules and regulations;

(5) if the Comptroller is not the administrator, prepare and furnish to the Comptroller such reports as the Comptroller may require;

(6) record and process contributions made by program sponsors;

(7) cooperate with the program actuary, and, program trustee to ensure the effective and efficient operation of the programs, including the provision in a timely manner of such information as the program actuary and program trustee may require to exercise and perform their powers and duties;

(8) approve applications for distributions of service awards;

(9) record and process distributions of service awards;

(10) withhold all taxes and prepare all tax reporting forms required by Federal, State and local law; and

(11) perform such other functions as may be required by or pursuant to article 11-AAA of the General Municipal Law and this Part.

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