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New York Education Law Section 182 - Rates Of Contribution.Legal Research Home > New York Lawyer > Education > New York Education Law Section 182 - Rates Of Contribution.
§ 182. Rates of contribution. 1. Employer contributions. In the case
of any electing employee initially appointed on or before June
thirtieth, nineteen hundred ninety-two, the state shall, during
continuance of his employment, make contributions at the rate of nine
percentum of that portion of his state salary upon which contributions
are or may hereafter be paid to the secretary of the treasury of the
United States pursuant to article three of the retirement and social
security law and at the rate of twelve percentum of that portion of his
state salary above said amount, out of moneys which shall be
appropriated to the department for such purpose. In the case of any
electing employee initially appointed on or after July first, nineteen
hundred ninety-two, the state shall, during continuance of his
employment, make contributions at the rate of eight percentum of his
state salary during the first seven years of such employment and at the
rate of ten percentum of his state salary, thereafter, out of moneys
which shall be appropriated to the department for such purpose. For
purposes of this subdivision, that portion of the employee's salary upon
which contributions are paid to the secretary of the treasury of the
United States pursuant to article three of the retirement and social
security law shall not exceed sixteen thousand five hundred dollars.
2. Employee contributions. In the case of any electing employee,
contributions at the rate of three percentum of his state salary shall
be deducted by the state comptroller as the employee contribution,
provided however, that such employee contribution shall be made by the
state in accordance with subdivision one of this section during such
period as (a) either section seventy-a of the retirement and social
security law or section five hundred twenty-eight of the education law
provides that the contribution of each member of the New York state
employees' retirement system or the New York state teachers' retirement
system in the employ of the state shall be reduced by at least eight
percentum of his compensation, or (b) employee contributions to either
such system are no longer required by reason of such system becoming
noncontributory for state employees.
3. Payment of contributions pursuant to subdivisions one and two of
this section shall be made to the designated insurer or insurers upon
audit and warrant of the state comptroller.
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Last modified: August 13, 2006 |