Federal and State Laws
New York Laws
New York Retirement & Social Security Law Title 3 - FUNDS OF THE SYSTEM; MEMBERS' CONTRIBUTIONS AND EMPLOYERS' CONTRIBUTIONS
20 - The Funds of the Retirement System.
The funds hereby continued are the annuity savings fund, the annuity reserve fund, the pension accumulation fund and the pension reserve fund.
21 - Members' Contributions and Their Use; Annuity Savings Fund.
a. The annuity savings fund shall be the fund in which shall be accumulated all contributions made by members to provide for their annuities and...
22 - Members' Contributions and Their Use; Annuity Reserve Fund.
a. The annuity reserve fund shall be the fund from which shall be paid all annuities and all benefits in lieu of annuities, payable pursuant...
23 - Employers' Contributions and Their Use; Pension Accumulation Fund.
a. Except as otherwise provided pursuant to this article, the pension accumulation fund shall be the fund in which shall be accumulated: 1. All contributions...
23-a - Statement of Intent.
a. This legislation is intended, by means of a comprehensive reform program, to strengthen the long-term fiscal health of the retirement system, to reduce the...
24 - Employers' Contributions and Their Use; Pension Reserve Fund.
a. The pension reserve fund shall be the fund from which shall be paid all pensions and all other benefits, except ordinary death benefits, payable...
25 - Appropriations in Retirement Bills.
The state shall make a payment to the retirement system in an amount equal to the value of the benefits associated with prior service upon...
Last modified: February 3, 2019