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 351. Loans to Tier 3, 4, 5 and 6 Members |
Sec. 351.7. Loan insurance
Latest version.
- All loans shall be covered by loan insurance commencing 30 days following the date of the making of the loan, as required by sections 517-c, 613-b and 1207 of the Retirement and Social Security Law. Changes in the loan insurance rate shall become effective on April 1st.