New York § 318 Guaranty

New York Statutes

§ 318 — Guaranty

New York § 318

Law RSSRetirement & Social Security

Title 3Establishment, Management, Supervision and Financing

Art. 8New York State and Local Police and Fire Retirement System

This text of New York § 318 (Guaranty) 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 § 318 (2026).

Text

§ 318. Guaranty.

a.The latest employers of the different members\nshall be obligated for:\n 1. Regular interest charges payable, and special interest, if any, and\n 2. The creation and maintenance of reserves in the pension\naccumulation fund, and\n 3. The maintenance of annuity reserves and pensions reserves, and\n 4. The payment of all pensions, annuities, retirement allowances,\nrefunds and any other benefits, and\n 5. The expenses of the police and fire retirement system,\nas provided for or granted under the provisions of this article. In the\ncase of employer contributions required to be made for prior service\nallowed pursuant to paragraph three of subdivision b of section three\nhundred forty-one of this article, the provisions of such paragraph\nthree shall govern.\n b. E

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

§ 318. Guaranty. a. The latest employers of the different members\nshall be obligated for:\n 1. Regular interest charges payable, and special interest, if any, and\n 2. The creation and maintenance of reserves in the pension\naccumulation fund, and\n 3. The maintenance of annuity reserves and pensions reserves, and\n 4. The payment of all pensions, annuities, retirement allowances,\nrefunds and any other benefits, and\n 5. The expenses of the police and fire retirement system,\nas provided for or granted under the provisions of this article. In the\ncase of employer contributions required to be made for prior service\nallowed pursuant to paragraph three of subdivision b of section three\nhundred forty-one of this article, the provisions of such paragraph\nthree shall govern.\n b. Except as otherwise provided pursuant to this article, all income,\ninterest and dividends derived from deposits and investments authorized\nby this article shall be used for the payment of such obligations.\n