Section 111-A. Bonds required in certain cases  


Latest version.
  • a. In any case where, by
      order of a court of competent jurisdiction,  the  retirement  system  is
      required  to  pay  over  a  benefit which is payable in installments and
      which is predicated upon the life of a beneficiary,  to  a  payee  other
      than  the recipient who ordinarily would have taken the benefit pursuant
      to the provisions of this article, such payee must file a bond. The bond
      shall be in favor of the  comptroller  as  administrative  head  of  the
      retirement  system  and  shall  indemnify  him against loss by reason of
      excess payments to such payee, after  benefits  have  ceased  to  become
      payable for any reason whatsoever.
        The  amount  of the bond shall be fixed by the court in a sum not less
      than the total amount such payee is expected to take for a period of two
      years. The bond with at least two  sureties  must  be  approved  by  the
      court. It must be filed with the clerk of the court and a certified copy
      thereof  served  upon the comptroller. Before the bond shall be approved
      there shall be filed in  the  court  by  every  surety  an  acknowledged
      instrument  wherein the surety designates the clerk of the court and his
      successors in office as a  person  upon  whom  service  of  any  process
      issuing  from  the court may be made in like manner and with like effect
      as if served personally upon the surety, whenever such surety after  the
      exercise of due diligence cannot be found and served within the state of
      New York.
        Insofar  as  they  are consistent with this article, the provisions of
      law relating to bonds and undertakings in a civil action in the  supreme
      court shall apply to bonds required by this subdivision.
        b.  Notwithstanding any provisions to the contrary in subdivision a of
      this section, if the retirement system is required to pay over a benefit
      which is payable in installments and which is predicated upon  the  life
      of  a  beneficiary,  to  a payee other than the recipient who ordinarily
      would have taken the benefit pursuant to the provisions of this chapter,
      such payee shall not be required to file a bond or any other undertaking
      where such payment  is  required  by  order  of  a  court  of  competent
      jurisdiction  as  the  result  of  an action or proceeding for equitable
      distribution, alimony, maintenance or child support pursuant to  article
      three-A  or  thirteen of the domestic relations law, article four of the
      family court act, title six-A or six-B of article three  of  the  social
      services  law, section fifty-two hundred forty-two of the civil practice
      law and rules, or by an income  execution  issued  pursuant  to  section
      fifty-two hundred forty-one of the civil practice law and rules.
        Upon  the  payment  of  such  benefit,  the retirement system shall be
      relieved and held harmless from any and all liability for any  claim  of
      excess  payment  which exists at the time with reference to such benefit
      or may thereafter be made on account of such benefit.