§ 199. Reimbursement by participating employers for payments to\ncertain state retired employees.
a.Each participating employer of the\nNew York state employees' retirement system, as defined in subdivision\ntwenty of section two of the retirement and social security law, shall\ncontribute to the cost of providing supplemental retirement allowance\npayments to those state retired employees who retire from service with\nsuch participating employer in the manner provided in this section.\n b. 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 retirement allowance payments during such\nfiscal year to be contributed by each such participating employer. Such\npro rata share
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§ 199. Reimbursement by participating employers for payments to\ncertain state retired employees. a. Each participating employer of the\nNew York state employees' retirement system, as defined in subdivision\ntwenty of section two of the retirement and social security law, shall\ncontribute to the cost of providing supplemental retirement allowance\npayments to those state retired employees who retire from service with\nsuch participating employer in the manner provided in this section.\n b. 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 retirement allowance payments during such\nfiscal year to be contributed by each such participating employer. Such\npro rata share shall be determined on the basis of the ratio which the\ntotal annual compensation paid to members of the New York state\nemployees' retirement system by each such participating employer as of\nthe close of the fiscal year preceding such fiscal year, bears to the\ntotal amount of annual compensation paid to members of such system by\nall such participating employers as of such date.\n c. 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\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 d. 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