Section 198. Reimbursement for payments to state retired teachers  


Latest version.
  • As soon
      as practicable after the close of each fiscal year  of  the  state,  the
      comptroller  shall  certify to the commissioner of education a statement
      of the total amount paid out by him during such  fiscal  year  to  state
      retired  teachers  pursuant  to  this  article.  Such  amount  shall  be
      apportioned on the same basis and collected in the  same  manner  as  is
      provided  for the collection of employers' contributions to the New York
      state teachers retirement system by  subdivision  two  of  section  five
      hundred  twenty-one  of the education law. Amounts so collected shall be
      deposited in and credited to the supplemental pension fund.