Sec. 342.1. Background

Latest version.

(a) Section 514 of the Retirement and Social Security Law authorizes eligible individuals to elect to receive a retirement allowance without optional modifications, or alternatively, to elect to receive a retirement allowance under one of several retirement options provided therein. Section 514 does not detail the procedure for filing option elections, and accordingly the procedure provided in title 10 of article 2 of the Retirement and Social Security Law shall apply, pursuant to paragraph 1 of section 519 of the Retirement and Social Security Law.
(b) This Part is promulgated to outline the procedure for filing option elections under article 14 of the Retirement and Social Security Law as provided under title 10 of article 2 of the Retirement and Social Security Law.

                    
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