§ 75-b. Non-contributory retirement plan for members of participating\nemployers. a. Notwithstanding any other provision of law to the\ncontrary, no further contributions to the retirement system as provided\nin subdivision b of section twenty-one of this chapter, shall be\nrequired of any member in the employ of such a participating employer\nelecting to participate pursuant to the provisions of this section;\nprovided, however, in the case of persons who last became members on or\nafter July first, nineteen hundred seventy-three, such required\ncontributions shall be waived only until the payroll period immediately\nprior to that the first day of which is nearest to July first, nineteen\nhundred seventy-four.\n b.
(1)By the adoption, filing and approval, where required, of a\nresolu
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§ 75-b. Non-contributory retirement plan for members of participating\nemployers. a. Notwithstanding any other provision of law to the\ncontrary, no further contributions to the retirement system as provided\nin subdivision b of section twenty-one of this chapter, shall be\nrequired of any member in the employ of such a participating employer\nelecting to participate pursuant to the provisions of this section;\nprovided, however, in the case of persons who last became members on or\nafter July first, nineteen hundred seventy-three, such required\ncontributions shall be waived only until the payroll period immediately\nprior to that the first day of which is nearest to July first, nineteen\nhundred seventy-four.\n b. (1) By the adoption, filing and approval, where required, of a\nresolution in the manner provided by sections thirty, thirty-one or\nthirty-two of this chapter, as the case may be, a participating employer\nwho had previously elected to make contributions under the provisions of\nsubdivision aa of section seventy-a of this chapter, may elect to make\ncontributions to the pension accumulation fund for the purpose of\nproviding a non-contributory retirement plan pursuant to this section.\n (2) By the adoption, filing and approval, where required, of a\nresolution in the manner provided by sections thirty, thirty-one or\nthirty-two of this chapter, as the case may be, a participating employer\nwho had not previously elected to contribute under the provisions of\nsubdivision aa of section seventy-a of this chapter, may elect to make\ncontributions to the pension accumulation fund for the purpose of\nproviding a non-contributory retirement plan pursuant to this section.\nSuch resolution shall specify the first payroll period after the date of\nsuch filing for which no further contributions shall be required of\nmembers in its employ.\n c. Contributions shall be made to the pension accumulation fund by or\non account of each participating employer, as provided in sections\nsixteen, seventeen and forty-two of this chapter, at a rate fixed by the\nactuary which shall be computed to be sufficient to provide the benefits\nestablished by section seventy-five-c of this chapter on account of\nmembers in the employ of such participating employers.\n d. Nothing contained in this section shall impair the right of\npersons, who became members before August nineteenth, nineteen hundred\nsixty-six, to make contributions pursuant to subdivision i of section\ntwenty-one of this chapter.\n e. Any member who has elected to contribute at a certain rate of\ncontribution in accordance with the provisions of subdivision j of\nsection twenty-one of this chapter, shall continue to contribute at such\nrate until his election under said subdivision is withdrawn.\n f. Any member in service on August nineteenth, nineteen hundred\nsixty-six, may by written notice duly acknowledged and filed with the\ncomptroller on or before August eighteenth, nineteen hundred\nsixty-seven, elect to contribute to the retirement system. Where a\nmember makes an election to contribute, as herein provided for, he shall\ncontribute to the retirement system as otherwise provided in this\nchapter. One year or more after the filing of the notice of election to\ncontribute, the member may withdraw such election and elect not to\ncontribute.\n