New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5012 - Savings Accounts For Monies Due Certain Beneficiaries
Section 5012.1 - Establishment of accounts
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5012.1
Current through Register Vol. 46, No. 12, March 20, 2024
When a benefit payable by the system accrues to a person who is under a legal disability, and no legal representative is duly appointed within six months of the date the benefit accrued, a savings account in the name of the beneficiary shall be established effective as of the date such six-month period lapsed.
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