§ 182. Rates of contribution. * 1. Employer contributions. In the case\nof any electing employee initially appointed on or before June\nthirtieth, nineteen hundred ninety-two, the state shall, during\ncontinuance of his employment, make contributions at the rate of nine\npercentum of that portion of his state salary upon which contributions\nare or may hereafter be paid to the secretary of the treasury of the\nUnited States pursuant to article three of the retirement and social\nsecurity law and at the rate of twelve percentum of that portion of his\nstate salary above said amount, out of moneys which shall be\nappropriated to the department for such purpose. In the case of any\nelecting employee initially appointed on or after July first, nineteen\nhundred ninety-two, the state shall, during continuance of his\nemployment, make contributions at the rate of eight percentum of his\nstate salary during the first seven years of such employment and at the\nrate of ten percentum of his state salary, thereafter, out of moneys\nwhich shall be appropriated to the department for such purpose. For\npurposes of this subdivision, that portion of the employee's salary upon\nwhich contributions are paid to the secretary of the treasury of the\nUnited States pursuant to article three of the retirement and social\nsecurity law shall not exceed sixteen thousand five hundred dollars.\n * NB Effective until October 1, 2026\n * 1. Employer contributions. In the case of any electing employee\ninitially appointed on or before June thirtieth, nineteen hundred\nninety-two, the state shall, during continuance of their employment,\nmake contributions at the rate of nine percentum of that portion of\ntheir state salary upon which contributions are or may hereafter be paid\nto the secretary of the treasury of the United States pursuant to\narticle three of the retirement and social security law and at the rate\nof twelve percentum of that portion of their state salary above said\namount, out of moneys which shall be appropriated to the department for\nsuch purpose. In the case of any electing employee initially appointed\non or after July first, nineteen hundred ninety-two, the state shall,\nduring continuance of their employment, make contributions at the rate\nof eight percentum of their state salary during the first seven years of\nsuch employment and at the rate of ten percentum of their state salary,\nthereafter, out of moneys which shall be appropriated to the department\nfor such purpose. For purposes of this subdivision, that portion of the\nemployee's salary upon which contributions are paid to the secretary of\nthe treasury of the United States pursuant to article three of the\nretirement and social security law shall not exceed sixteen thousand\nfive hundred dollars, provided however, that effective October first,\ntwo thousand twenty-six, in the case of any electing employee initially\nappointed on or after April first, two thousand twelve, with respect to\nemployees of the state university and the electing employer, with\nrespect to employees of a community college, shall, during continuance\nof their employment, make contributions at the rate of nine percentum of\ntheir salary during the first seven years of such employment and at the\nrate of eleven percentum of their salary thereafter, out of monies which\nshall be appropriated to the state university or which shall be\navailable to the electing employer for such purpose.\n * NB Effective October 1, 2026\n * 2. Employee contributions. In the case of any electing employee,\ncontributions at the rate of three per centum of his state salary shall\nbe deducted by the state comptroller as the employee contribution,\nprovided however, that such employee contribution shall be made by the\nstate in accordance with subdivision one of this section during such\nperiod as (a) either section seventy-a of the retirement and social\nsecurity law or section five hundred twenty-eight of this title pro
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.