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. 12, March 20, 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.

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