Section 410-A. Deduction of group plan insurance or medicare premiums from benefits  


Latest version.
  • Notwithstanding anything to the contrary contained in section
      four hundred ten of this act, the comptroller is  hereby  authorized  to
      deduct  from the retirement allowance of any retired member, such amount
      as the retired member may specify in writing filed with the  comptroller
      for  the  payment  of  any insurance premiums written on the group plan,
      covering only such insurance in which the employer as defined in section
      three hundred two of this article contributes, and to transmit the  sums
      so  deducted  to  the  company carrying such insurance or its authorized
      representative. The comptroller is further authorized to deduct from the
      retirement allowance of any retired member such amount  as  the  retired
      member may specify in writing filed with the comptroller for the payment
      of  any insurance premiums due for medicare, and to transmit the sums so
      deducted  to  the  agency  for  the  federal  government  authorized  to
      administer  the  medicare program. Any such written authorization may be
      withdrawn by such retired member at any time upon filing notice of  such
      withdrawal with the comptroller.