New York § 6255 City not liable for payment of benefits

New York Statutes

§ 6255 — City not liable for payment of benefits

New York·Law EDN Education·Title 7 State and City Colleges and Institutions-cornell University·Art. 125-A Board of Higher Education Optional Retirement Program

  § 6255. City not liable for payment of benefits.  Neither the city nor\nthe board shall be a party to any contract purchased in whole or in part\nwith contributions made under the optional retirement program\nestablished and administered pursuant to this article.  No retirement,\ndeath, or other benefits shall be payable by the city or by the board\nunder such optional retirement program.  Such benefits shall be paid to\nelecting employees or their beneficiaries by the designated insurer or\ninsurers in accordance with the terms of their contracts.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 6255. City not liable for payment of benefits. Neither the city nor\nthe board shall be a party to any contract purchased in whole or in part\nwith contributions made under the optional retirement program\nestablished and administered pursuant to this article. No retirement,\ndeath, or other benefits shall be payable by the city or by the board\nunder such optional retirement program. Such benefits shall be paid to\nelecting employees or their beneficiaries by the designated insurer or\ninsurers in accordance with the terms of their contracts.\n

New York § 6255 (City not liable for payment of benefits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.