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N.Y. Retire. & Soc. Sec. Law § 61-a

Payment of interest on death benefits and accumulated contributions

2014-09-22

§ 61-a. Payment of interest on death benefits and accumulated\ncontributions. Interest shall accrue against unpaid accidental and\nordinary death benefits plus the reserve-for-increased-take-home-pay\nfrom the date of death of a member until payment thereof is made.\nInterest shall accrue against accumulated member contributions from the\ndate of death until payment thereof is made, where no death benefit is\npayable on account of such death. An application for the payment of such\nbenefits must be made in writing on a blank provided by the comptroller\nfor such purpose. Interest against the unpaid benefit shall be at the\nrate provided for by subdivision one of section three-a of the general\nmunicipal law.\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.