New York Codes, Rules and Regulations
Title 4 - DEPARTMENT OF CIVIL SERVICE
Chapter V - Regulations Of The Department Of Civil Service (president's Regulations)
Part 75 - Managerial/confidential Group Term Life Insurance Plan
Section 75.5 - Assessment and payment of administrative expenses

Current through Register Vol. 44, No. 38, September 21, 2022

Assessments of proportionate shares of expenses of administration of the plan shall be made annually on March 31st, in accordance with a formula approved by the president. With respect to participating employers, a statement of each assessment shall be sent to the appropriate fiscal officer and shall show the formula used and the actual computation of the assessment. Such assessment shall be payable by a participating employer within 30 days after such statement is rendered, by check made payable to the fund, and forwarded to the president. Failure to pay any such assessment promptly shall constitute cause for expulsion. Assessments of proportionate shares of expenses of administration of the plan for the State shall be submitted to the State Commissioner of Taxation and Finance.

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