Section 182. Rates of contribution  


Latest version.
  • 1. Employer contributions. In the case
      of  any  electing  employee  initially  appointed  on  or  before   June
      thirtieth,   nineteen   hundred  ninety-two,  the  state  shall,  during
      continuance of his employment, make contributions at the  rate  of  nine
      percentum  of  that portion of his state salary upon which contributions
      are or may hereafter be paid to the secretary of  the  treasury  of  the
      United  States  pursuant  to  article three of the retirement and social
      security law and at the rate of twelve percentum of that portion of  his
      state   salary   above  said  amount,  out  of  moneys  which  shall  be
      appropriated to the department for such purpose.  In  the  case  of  any
      electing  employee  initially appointed on or after July first, nineteen
      hundred  ninety-two,  the  state  shall,  during  continuance   of   his
      employment,  make  contributions  at  the rate of eight percentum of his
      state salary during the first seven years of such employment and at  the
      rate  of  ten  percentum  of his state salary, thereafter, out of moneys
      which shall be appropriated to the  department  for  such  purpose.  For
      purposes of this subdivision, that portion of the employee's salary upon
      which  contributions  are  paid  to the secretary of the treasury of the
      United States pursuant to article three of  the  retirement  and  social
      security law shall not exceed sixteen thousand five hundred dollars.
        2.  Employee  contributions.  In  the  case  of any electing employee,
      contributions at the rate of three percentum of his state  salary  shall
      be  deducted  by  the  state  comptroller  as the employee contribution,
      provided however, that such employee contribution shall be made  by  the
      state  in  accordance  with  subdivision one of this section during such
      period as (a) either section seventy-a  of  the  retirement  and  social
      security  law  or section five hundred twenty-eight of the education law
      provides that the contribution of each member  of  the  New  York  state
      employees'  retirement system or the New York state teachers' retirement
      system in the employ of the state shall be reduced  by  at  least  eight
      percentum  of  his compensation, or (b) employee contributions to either
      such system are no longer required by reason  of  such  system  becoming
      noncontributory for state employees.
        3.  Payment  of  contributions pursuant to subdivisions one and two of
      this section shall be made to the designated insurer  or  insurers  upon
      audit and warrant of the state comptroller.