New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter VI. New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System |
Part 333. Payment of Interest on Death Benefits |
Sec. 333.2. Payment of interest on death benefits
Latest version.
- The rate of interest for unpaid accidental and ordinary death benefits, to accrue from the date of death of the member until payment of the benefit is made, is as follows:(a) for those benefits due as a result of death prior to April 1, 1983, three per centum per annum; and(b) for those benefits due as a result of death on or after April 1, 1983, five per centum per annum.