New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter LVIII - New York State Teachers' Retirement System
Part 5027 - Advisory Committees
Section 5027.3 - Indemnification

Universal Citation: 21 NY Comp Codes Rules and Regs ยง 5027.3

Current through Register Vol. 46, No. 12, March 20, 2024

(a) Solely for the purposes of section 18 of the Public Officers Law, members of the Investment Advisory Committee and Real Estate Advisory Committee are determined to be employees of the system within the meaning of subdivision (1)(b) thereof.

(b) The members of the Investment Advisory Committee and Real Estate Advisory Committee shall be entitled to the benefits of section 18 of the Public Officers Law and the system shall be liable for the costs incurred as provided in such section.

(c) The benefits provided to committee members under section 18 of the Public Officers Law shall supplement and be available in addition to defense or indemnification protection conferred by any other law.

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