§ 319-a. Employer contributions for the two thousand ten - two\nthousand eleven fiscal year and subsequent fiscal years. a. In addition\nto the definitions in section three hundred two of this article, when\nused in this section:\n (1) "Amortizing employer" shall mean an employer that elects to\namortize a portion of the employer's annual bill pursuant to paragraph\none of subdivision d of this section for the two thousand ten - two\nthousand eleven fiscal year, or any subsequent fiscal year, pursuant to\nthe system graded contribution rate regardless of whether the employer\nhas subsequently paid in full all such amortized amounts, and that does\nnot elect to amortize as an alternative amortizing employer for the two\nthousand thirteen - two thousand fourteen fiscal year.\n (1-a) "Alternative amortizing employer" shall mean a county, city,\ntown or village that, on a form prepared by the comptroller, elects to\nand does amortize a portion of the employer's annual bill pursuant to\nparagraph one of subdivision d of this section for the two thousand\nthirteen - two thousand fourteen fiscal year pursuant to the alternative\nsystem graded contribution rate, regardless of whether the employer has\nsubsequently paid in full all such amortized amounts.\n (2) "Amount eligible for amortization" for a given fiscal year shall\nmean the amount by which an employer's actuarial contribution for such\nfiscal year exceeds the employer's graded contribution for the same\nfiscal year, less any amount from the employer contribution reserve fund\napplied to reduce the employer's payment to the retirement system for\nthe fiscal year, provided, however, that if the employer's average\nactuarial contribution rate for the fiscal year is less than seventeen\nand one-half percent, then the amount eligible for amortization shall be\nzero.\n (3) "Employer's actuarial contribution" for a given fiscal year shall\nmean an employer's annual bill for such fiscal year exclusive of the\ndeficiency contributions and payments on account of group term life\ninsurance, adjustments relating to prior fiscal years' obligations,\nretirement incentives and prior amortizations.\n (4) "Employer's annual bill" shall mean for a given fiscal year the\nsum of the following amounts: (i) an employer's normal contributions for\nthe fiscal year determined in accordance with paragraph one of\nsubdivision b of section three hundred twenty-three of this article and\nthe comprehensive structural reform program implemented pursuant to\nsubdivision b of section three hundred twenty-three-a of this article,\nincluding the provisions of subdivision b of section three hundred\ntwenty-three-a of this article relating to the required minimum annual\ncontribution of four and one-half percent of pensionable salaries; (ii)\nthe employer's deficiency contributions and administration contributions\nfor the fiscal year determined in accordance with paragraphs two and\nthree of subdivision b of section three hundred twenty-three of this\narticle; and (iii) any payments by the employer due in the fiscal year\non account of group term life insurance, adjustments relating to prior\nfiscal years' obligations, retirement incentives and prior\namortizations.\n (5) "Employer's average actuarial contribution rate" for a given\nfiscal year shall mean an employer's actuarial contribution for such\nfiscal year divided by the employer's payroll for the previous fiscal\nyear.\n (6) "Employer contribution reserve fund" or "fund" shall mean the\nemployer contribution reserve fund established pursuant to subdivision e\nof this section.\n (7) "Employer's graded contribution" for a given fiscal year shall\nmean the amount determined by applying the employer's graded\ncontribution rate or the alternative amortizing employer's graded\ncontribution rate for such fiscal year to an employer's payroll for the\nprevious fiscal year.\n (8) "Employer's graded contribution rate" for a given fiscal year\nshall mean
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