New York § 424 Distribution of earnings

New York Statutes

§ 424 — Distribution of earnings

New York § 424

Law RSSRetirement & Social Security

Art. 9Common Retirement Fund

This text of New York § 424 (Distribution of earnings) 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 § 424 (2026).

Text

  § 424. Distribution of earnings.  At the close of each fiscal year,\nthe average rate of investment earnings of the common retirement fund\nshall be computed by the actuary and certified to the comptroller. This\nrate shall be determined from the investment earnings during the\ncalendar year, which ended three months prior to the close of the fiscal\nyear. The amount of such earnings attributable to each retirement system\nshall be computed by the actuary and certified to the comptroller, who\nshall thereupon credit each retirement system in accordance therewith.\n

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§ 424. Distribution of earnings. At the close of each fiscal year,\nthe average rate of investment earnings of the common retirement fund\nshall be computed by the actuary and certified to the comptroller. This\nrate shall be determined from the investment earnings during the\ncalendar year, which ended three months prior to the close of the fiscal\nyear. The amount of such earnings attributable to each retirement system\nshall be computed by the actuary and certified to the comptroller, who\nshall thereupon credit each retirement system in accordance therewith.\n