New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5010 - Contributions Of Members With A Date Of Membership On Or After July 27, 1976
Section 5010.1 - Establishment of fund
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5010.1
Current through Register Vol. 45, No. 52, December 27, 2023
Pursuant to sections 517 and 613 of the Retirement and Social Security Law, the system shall establish a special fund, to be known as the Tier 3/4/5 Member Contributions Fund, to account for the contributions deducted from members' wages. All monies withheld from such members' wages shall be recorded in individual accounts within such fund, and all withdrawals and refunds of such contributions shall be deducted from the accounts in such fund.
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