New York § 169 Reimbursement by participating employers for payments to certain state retired employees

New York Statutes

§ 169 — Reimbursement by participating employers for payments to certain state retired employees

New York § 169

Law RSSRetirement & Social Security

Art. 4Supplemental Pension Act

This text of New York § 169 (Reimbursement by participating employers for payments to certain state retired employees) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Retirement & Social Security § 169 (2026).

Text

§ 169. Reimbursement by participating employers for payments to\ncertain state retired employees.

1.Each participating employer of the\nNew York state employees' retirement system, as defined in subdivision\ntwenty of section two of this chapter, shall contribute to the cost of\nproviding supplemental pension payments to those state retired employees\nwho retire from service with such participating employers in the manner\nprovided in this section.\n 2. As soon as practicable after the close of each fiscal year of the\nstate, the comptroller shall determine the pro rata share of the cost of\nproviding such supplemental pension payments during such fiscal year to\nbe contributed by each such participating employer. Such pro rata share\nshall be determined on the basis of the ratio whi

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§ 169. Reimbursement by participating employers for payments to\ncertain state retired employees. 1. Each participating employer of the\nNew York state employees' retirement system, as defined in subdivision\ntwenty of section two of this chapter, shall contribute to the cost of\nproviding supplemental pension payments to those state retired employees\nwho retire from service with such participating employers in the manner\nprovided in this section.\n 2. As soon as practicable after the close of each fiscal year of the\nstate, the comptroller shall determine the pro rata share of the cost of\nproviding such supplemental pension payments during such fiscal year to\nbe contributed by each such participating employer. Such pro rata share\nshall be determined on the basis of the ratio which the total annual\ncompensation paid to members of the New York state employees' retirement\nsystem by each such participating employer as of the close of the fiscal\nyear preceding such fiscal year, bears to the total amount of annual\ncompensation paid to members of such system by all such participating\nemployers as of such date.\n 3. The comptroller thereupon shall submit to the fiscal officer of\neach such participating employer a statement of the amount to be\ncontributed by it pursuant to this section. Payment of the amount\nspecified in the comptroller's statement shall be made by such a\nparticipating employer within sixty days after the receipt thereof. If\npayment of the full amount of such obligation is not made within sixty\ndays after the receipt of such statement, interest at the rate of four\nper centum per annum shall commence to run against the unpaid balance\nthereof on the first day after such sixtieth day. While any such sum\nshall remain due and unpaid the comptroller may refuse to audit any\nclaim for funds due to such participating employer from the state.\n 4. All amounts received by the comptroller from such participating\nemployers pursuant to this section shall be deposited in and credited to\nthe supplemental pension fund.\n