Section 375-A. Non-contributory retirement plan for state employees  


Latest version.
  • a.
      Notwithstanding any other provision of law to the contrary,  no  further
      contributions  to the retirement system, as provided in subdivision b of
      section three hundred twenty-one of this chapter, shall be  required  of
      any member in the employ of the state; provided, however, in the case of
      persons  in  the employ of the state who last became members on or after
      July first, nineteen hundred seventy-three, such required  contributions
      shall  be waived only until the payroll period immediately prior to that
      the first day of which  is  nearest  to  July  first,  nineteen  hundred
      seventy-four.
        b.  Contributions shall be made to the pension accumulation fund by or
      on account of the state, as provided in section three  hundred  sixteen,
      three  hundred seventeen and three hundred forty-two of this chapter, at
      a rate fixed by the actuary which shall be computed to be sufficient  to
      provide the benefits established by section three hundred seventy-five-c
      of this chapter on account of members in the employ of the state.
        c.  Nothing  contained  in  this  section  shall  impair the rights of
      persons, who became members before August nineteenth,  nineteen  hundred
      sixty-six,  to  make  contributions pursuant to subdivision i of section
      three hundred twenty-one of this chapter.
        d. Any member who has elected to  contribute  at  a  certain  rate  of
      contribution  in  accordance  with  the  provisions  of subdivision j of
      section three hundred twenty-one of  this  chapter,  shall  continue  to
      contribute  at  such  rate  until his election under said subdivision is
      withdrawn.
        e. Any member  in  service  on  August  nineteenth,  nineteen  hundred
      sixty-six,  may  by  written notice duly acknowledged and filed with the
      comptroller  on  or   before   August   eighteenth,   nineteen   hundred
      sixty-seven,  elect  to  contribute  to  the  retirement system. Where a
      member makes an election to contribute, as herein provided for, he shall
      contribute to the  retirement  system  as  otherwise  provided  in  this
      chapter.  One year or more after the filing of the notice of election to
      contribute, the member may withdraw  such  election  and  elect  not  to
      contribute.