N.Y. Retire. & Soc. Sec. Law § 425
Separability of retirement systems
Redline — January 1, 2015 → current.View current text →
Current — January 1, 2020
As of January 1, 2015
§ 425. Separability of retirement systems. No provision of this\narticle shall be construed as an impairment of the separability of or of\nthe corporate powers and privileges of the employees' retirement system\nor the policemen's and firemen's retirement system. The comptroller\nshall establish or continue separate funds and accounts for each\nretirement system, consistent with the common retirement fund herein\nprovided for, as may be required to carry out the separate purposes and\nprivileges of each retirement system.\n
§ 425. Separability of retirement systems. No provision of this\narticle shall be construed as an impairment of the separability of or of\nthe corporate powers and privileges of the employees' retirement system\nor the police and fire retirement system. The comptroller shall\nestablish or continue separate funds and accounts for each retirement\nsystem, consistent with the common retirement fund herein provided for,\nas may be required to carry out the separate purposes and privileges of\neach retirement system.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.