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 372. The New York State and Local Employees' Retirement System Excess Benefit Plan |
Sec. 372.3. Participation
Latest version.
- (a) All retired members and beneficiaries of the system whose retirement or survivor benefits from the system for a plan year have been limited by code section 415 are participants in this plan.(b) Participation in the plan is determined for each plan year. Participation in the plan will cease for any plan year in which the retirement benefit of a member of the system is not limited by code section 415.