N.Y. Education Law 6257 – Deductions from benefits of certain retired members
§ 6257. Deductions from benefits of certain retired members. 1. Notwithstanding any other provision of law, a member who is retired from the board of higher education optional retirement program shall have the right, at any time after such member's retirement, to execute and file a deduction authorization card with the designated insurer or insurers upon audit and warrant of the comptroller authorizing the deduction from such member's retirement allowance of membership dues and such member's share of the cost for employee organization-sponsored benefit plans and the payment thereof to a retiree organization of which the member is then a member and which is then affiliated with either an employee organization certified or recognized as the collective bargaining representative of all employees in the negotiating unit of which the member was a part prior to his or her retirement or with an employee organization with which such employee organization is then affiliated. The designated insurer or insurers upon audit and warrant of the comptroller shall thereafter deduct from the retirement allowance of such member the amount of membership dues and such amounts required to be paid by such member for such authorized employee organization-sponsored benefit plans, and shall transmit the sum so deducted to said retiree organization. Such authorization shall continue in effect until revoked in writing by such member. For purposes of this section, the term "employee organization-sponsored benefit plans" shall include any and all insurance plans and/or other benefit plans sponsored by such retiree organization whether provided by (a) a not-for-profit corporation licensed under Article 43 of the insurance law; (b) any insurance company authorized to do business in this state; (c) a health maintenance organization issued a certificate of authority pursuant to Article 44 of the public health law; or (d) a self-insurance arrangement, welfare fund or benefit fund.
Terms Used In N.Y. Education Law 6257
- board: means the board of higher education of the city of New York. See N.Y. Education Law 6250
- comptroller: shall mean the comptroller of the city of New York. See N.Y. Education Law 6250
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- insurer: shall mean a life insurance corporation, or other corporation subject to supervision by the department of financial services of the state of New York. See N.Y. Education Law 6250
- optional retirement program: means the retirement program established pursuant to this article. See N.Y. Education Law 6250
2. Notwithstanding any other provision of law, a retired member shall have the right, at any time after his or her retirement, to execute and file a deduction authorization card with the designated insurer or insurers upon audit and warrant of the comptroller authorizing the payment of voluntary contributions to the political committee, as defined in subdivision one of section 14-100 of the election law, of such member's employee organization, provided such organization is certified or recognized pursuant to Article 14 of the civil service law as the representative of all employees in the negotiating unit in which such retired member was then employed. Such authorization shall continue in effect until revoked in writing by such member. The designated insurer or insurers upon audit and warrant of the comptroller shall determine the cost of administering deductions for voluntary contributions to the political committee and the cost incurred for administering such contributions shall be paid from the funds of the political committee.