New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5015 - Duties Of Employers
Section 5015.5 - Duties of employers in the case of certain payments made to Tier 6 members
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5015.5
Current through Register Vol. 46, No. 12, March 20, 2024
When making a holdover, retroactive, contract settlement or other payment to a Tier 6 member for service rendered in a plan year prior to the year of payment, the employer shall apply the rate of contribution established for that member in the year in which the payment is made or, if the member has retired, in the member's last year of service.
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