New York § 216 Disposition of uncommitted balance of employees' contributions

New York Statutes

§ 216 — Disposition of uncommitted balance of employees' contributions

New York § 216

Law WKCWorkers' Compensation

Art. 9Disability Benefits

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Bluebook

N.Y. Workers' Compensation § 216 (2026).

Text

  § 216. Disposition of uncommitted balance of employees' contributions.\nWhenever any arrangement for the provision of benefits as set forth in\nsection two hundred eleven is terminated, any uncommitted balance of\nemployee contributions shall be utilized only to pay accrued benefits\nand to provide benefits under this article. On the liquidation of a\ncovered employer's business, or when he shall cease to be a covered\nemployer, any such sums so remaining in excess of those required to\ndischarge obligations under this article may be used for the benefit of\nemployees on a reasonable basis approved by the chairman, and any such\nsums not so used shall be promptly paid to the chairman for deposit in\nthe fund created under section two hundred fourteen.\n

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§ 216. Disposition of uncommitted balance of employees' contributions.\nWhenever any arrangement for the provision of benefits as set forth in\nsection two hundred eleven is terminated, any uncommitted balance of\nemployee contributions shall be utilized only to pay accrued benefits\nand to provide benefits under this article. On the liquidation of a\ncovered employer's business, or when he shall cease to be a covered\nemployer, any such sums so remaining in excess of those required to\ndischarge obligations under this article may be used for the benefit of\nemployees on a reasonable basis approved by the chairman, and any such\nsums not so used shall be promptly paid to the chairman for deposit in\nthe fund created under section two hundred fourteen.\n