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. 12, March 20, 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 Said forms shall inform members that the amount withdrawn may constitute income for tax purposes for the year in which paid, and that if so, the retirement system will report such amount to the Internal Revenue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.

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