New York Education Law Article 8-B - STATE UNIVERSITY OPTIONAL RETIREMENT PROGRAM

• 390 - Definitions.
  Wherever used in this article: 1. The term "board" means the board of trustees of the state university of New York. 2. The term "state...
• 391 - Optional Retirement Program Established.
  1. There is hereby established an optional retirement program which shall provide for the purchase of contracts providing retirement and death benefits for or on...
• 392 - 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, with respect to...
• 393 - Election.
  1. Election of the optional retirement program. (a) Each eligible employee initially appointed on or after July first, nineteen hundred sixty-four, within thirty days of...
• 394 - Survivor's Benefits.
  In the case of the death of any electing employee, after the effective date of this election and before retirement, the value of the death...
• 395 - Social Security.
  Every electing employee shall have old-age, survivors, and disability insurance coverage provided by the federal social security act in accordance with the provisions of article...
• 396 - Employer Not Liable for Payment of Benefits.
  Neither the state, nor state university, nor any electing employer or its local sponsor shall be a party to any contract purchased in whole or...
• 397 - Inconsistent Provisions of Other Acts Superseded.
  Insofar as the provisions of this article are inconsistent with the provisions of any other act, general or special, the provisions of this article shall...

Last modified: February 3, 2019