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 333 - Payment Of Interest On Death Benefits
Section 333.2 - Payment of interest on death benefits
Universal Citation: 2 NY Comp Codes Rules and Regs ยง 333.2
Current through Register Vol. 46, No. 39, September 25, 2024
The rate of interest for unpaid accidental and ordinary death benefits, to accrue from the date of death of the member until payment of the benefit is made, is as follows:
(a) for those benefits due as a result of death prior to April 1, 1983, three per centum per annum; and
(b) for those benefits due as a result of death on or after April 1, 1983, five per centum per annum.
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