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 342 - Filing Of Option Elections Under Article 14 Of The Retirement And Social Security Law
Section 342.1 - Background
Current through Register Vol. 46, No. 39, September 25, 2024
(a) Section 514 of the Retirement and Social Security Law authorizes eligible individuals to elect to receive a retirement allowance without optional modifications, or alternatively, to elect to receive a retirement allowance under one of several retirement options provided therein. Section 514 does not detail the procedure for filing option elections, and accordingly the procedure provided in title 10 of article 2 of the Retirement and Social Security Law shall apply, pursuant to paragraph 1 of section 519 of the Retirement and Social Security Law.
(b) This Part is promulgated to outline the procedure for filing option elections under article 14 of the Retirement and Social Security Law as provided under title 10 of article 2 of the Retirement and Social Security Law.
