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 381 - Article 22-membership Contributions And Withdrawals
Section 381.2 - Member contributions

Universal Citation: 2 NY Comp Codes Rules and Regs § 381.2

Current through Register Vol. 46, No. 39, September 25, 2024

(a) Members of the New York State and Local Police and Fire Retirement System who are covered by the provisions of article 22 of the Retirement and Social Security Law shall contribute a percentage of their annual wages to the retirement system as set forth in section 1204. Such contributions shall not be required after accruing the maximum service credit allowed under the plan in which they are enrolled.

(b) Contributions made pursuant to article 22 of the Retirement and Social Security Law shall be considered CO-ESC contributions, as defined by Part 326 of this Title. In no event shall these contributions provide for a pension increase or annuity.

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