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

Universal Citation: 2 NY Comp Codes Rules and Regs § 300.3

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

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