2006 New York Code - Payment Of Interest On Death Benefits And Accumulated Contributions.



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

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