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 372 - The New York State And Local Employees' Retirement System Excess Benefit Plan
Section 372.1 - Establishment of the new york state and local employees' retirement system excess benefit plan

Whereas the New York State Legislature has enacted article 15-C of the Retirement and Social Security Law pursuant to chapter 197 of the Laws of 1997 which authorizes the New York State and Local Employees' Retirement System to establish an excess benefit plan, which shall constitute a qualified excess benefit plan pursuant to section 415(m) of the Internal Revenue Code, and whereas subdivision 3 of section 640 of the Retirement and Social Security Law authorizes the Comptroller, as administrative head of the New York State and Local Employees' Retirement System, to promulgate rules and regulations necessary to implement the provisions of article 15-C, including the actual terms conditions of such plan, the New York State and Local Employees' Retirement System excess benefit plan is hereby established, and this Part is promulgated to set forth the actual terms and conditions of such plan.