§ 31-e. Participation by the Keuka Lake watershed improvement
cooperative. a. The Keuka Lake watershed improvement cooperative, by
resolution legally adopted by its board of directors, may elect to
become a participating employer in the retirement system. Acceptance of
the Keuka Lake watershed improvement cooperative as a participating
employer in the retirement system shall be optional with the
comptroller.

b. The officers and employees of such cooperative shall be credited
with such periods of prior service as shall be certified by the
cooperative for service rendered to it, or its predecessor, or the
state, or in any other capacity approved by such cooperative and the
comptroller. Service for such cooperative after the date on which it
commences to participate in the retirement system shall be considered as
member service. An officer or employee of such cooperative who, as of
the date he is so approved for membership in the retirement system, is
already a member thereof, shall not have his total credit reduced by
such approval. Any reserve held on account of any such officer or
employee in the pension accumulation fund shall be used as an offset
against the deficiency contribution payable thereafter by such
cooperative on account of such officer or employee for any prior service
credit and any such previous credit.