2013 New York Consolidated Laws
RSS - Retirement & Social Security
Article 3 - (130 - 147) FEDERAL OLD-AGE AND SURVIVORS INSURANCE COVERAGE FOR CERTAIN PUBLIC EMPLOYEES
139 - Costs of administration.


NY Ret & SS L § 139 (2012) What's This?
 
    § 139. Costs of administration.  1. On and after April first, nineteen
  hundred  fifty-five,  the state and each political subdivision extending
  old-age  and  survivors  insurance  coverage  to  its  employees   shall
  contribute  to  the  annual cost of administering the provisions of this
  article. The director, during  the  month  of  March,  nineteen  hundred
  fifty-six, and at the close of each fiscal year of the state thereafter,
  shall determine the pro rata share of such annual cost to be contributed
  by  the  state  and  by  each political subdivision. Such share shall be
  determined on the basis of the ratio which contributions required to  be
  made   to   the  contribution  fund  by  the  state  or  such  political
  subdivision,  as  the  case  may  be,  bear  to  the  total  amount   of
  contributions required to be made to such fund during such fiscal year.
    2.  The  director shall thereupon submit to the fiscal officer of each
  political subdivision a statement of the amount to be contributed by  it
  pursuant  to  this  section.  Payment  of  the  amount specified in such
  statement shall be made by each political subdivision within sixty  days
  after the receipt thereof.
    3.  There shall be included in the budget estimate of the state agency
  furnished to the division of  the  budget  an  estimate  of  the  amount
  necessary   to   meet  the  state's  pro  rata  share  of  the  cost  of
  administering the provisions of this article during the  current  fiscal
  year.
    4.  Amounts  received  from  political  subdivisions  pursuant to this
  section and amounts appropriated by the legislature to meet the  state's
  pro  rata share of the costs of administering this article shall be used
  to reimburse the state  purposes  fund  in  the  general  fund  for  any
  advances  made  from  such  fund  for  the  purpose of administering the
  provisions of this article.

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