New York § 425 Separability of retirement systems

New York Statutes

§ 425 — Separability of retirement systems

New York § 425

Law RSSRetirement & Social Security

Art. 9Common Retirement Fund

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Bluebook

N.Y. Retirement & Social Security § 425 (2026).

Text

  § 425. Separability of retirement systems. No provision of this\narticle shall be construed as an impairment of the separability of or of\nthe corporate powers and privileges of the employees' retirement system\nor the police and fire retirement system. The comptroller shall\nestablish or continue separate funds and accounts for each retirement\nsystem, consistent with the common retirement fund herein provided for,\nas may be required to carry out the separate purposes and privileges of\neach retirement system.\n

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§ 425. Separability of retirement systems. No provision of this\narticle shall be construed as an impairment of the separability of or of\nthe corporate powers and privileges of the employees' retirement system\nor the police and fire retirement system. The comptroller shall\nestablish or continue separate funds and accounts for each retirement\nsystem, consistent with the common retirement fund herein provided for,\nas may be required to carry out the separate purposes and privileges of\neach retirement system.\n