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The Laws of New York
Consolidated Laws of New York
CHAPTER 28
Insurance
ARTICLE 46
Retirement Systems
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SECTION 4603
Benefits
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ARTICLE 46
Retirement Systems
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SECTION 4605
Reinsurance
This entry was published on 2014-09-22
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SECTION 4604
Contributions
Insurance (ISC) CHAPTER 28, ARTICLE 46
§ 4604. Contributions. (a) The participating employees, or the
employer, or both may contribute to the funds of the system and the
rates of contribution shall be fixed by the trustees upon the basis of
actuarial recommendations and shall be adequate to support the benefits
granted.

(b) The trustees may, with the approval of the superintendent,
increase or decrease the rates of contribution whenever such action is
deemed by them necessary to preserve the solvency and equity of the
system.