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 313.4 - Restoration of right to make contributions

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

A member who prior to May 1, 1974 filed a request for return of excess accumulated contributions and who had been required upon making such request to cancel any election or waiver previously filed by him to make contributions pursuant to sections 21(i), 21(j), 321(i) or 321(j) of the Retirement and Social Security Law, shall by filing a written statement with the Comptroller on or before December 31, 1974 be permitted to again make the contributions that such member had been permitted to make under these provisions of law prior to the filing of his request for excess accumulated contributions, provided that he shall deposit in the annuity savings fund a sum equal to the total contributions that he would have made had he not been required to terminate the making of such contributions together with regular interest. Such deposit must be made at the time of the filing of the statement to elect to resume contributions, provided however, such member may at such time elect to deposit such amount by payroll deductions over a period of time no greater than the period during which such contributions would have been made had they not been terminated.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.