N.Y. Retirement and Social Security Law 1303 – Additional member contributions
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§ 1303. Additional member contributions. Upon election by the state of New York, the retirement system shall require additional member contributions to be paid by all eligible employees. The additional member contributions to be paid by eligible employees shall be of a level so that no additional contributions shall be paid by the state to cover the cost of such additional benefits. Additional member contributions made pursuant to this section shall be in addition to member contributions made pursuant to other provisions of this chapter.
Terms Used In N.Y. Retirement and Social Security Law 1303
- Retirement system: shall mean the New York state and local employees' retirement system and the New York state teachers' retirement system. See N.Y. Retirement and Social Security Law 1300