§ 375-b. Non-contributory retirement plan for members of participating
employers. a. Notwithstanding any other provision of law to the
contrary, no further contributions to the retirement system as provided
in subdivision b of section three hundred twenty-one of this chapter,
shall be required of any member in the employ of such a participating
employer electing to participate pursuant to the provisions of this
section; provided, however, in the case of persons who last became
members on or after July first, nineteen hundred seventy-three, such
required contributions shall be waived only until the payroll period
immediately prior to that the first day of which is nearest to July
first, nineteen hundred seventy-four.

b. 1. By the adoption, filing and approval, where required of a
resolution in the manner provided by sections three hundred thirty or
three hundred thirty-one of this chapter, as the case may be, a
participating employer who had previously elected to make contributions
under the provisions of subdivision aa of section three hundred
seventy-a of this chapter, may elect to make contributions to the
pension accumulation fund for the purpose of providing a
non-contributory retirement plan pursuant to this section.

2. By the adoption, filing and approval, where required, of a
resolution in the manner provided by sections three hundred thirty or
three hundred thirty-one of this chapter, as the case may be, a
participating employer who had not previously elected to contribute
under the provisions of subdivision aa of section three hundred
seventy-a of this chapter, may elect to make contributions to the
pension accumulation fund for the purpose of providing a
non-contributory retirement plan pursuant to this section. Such
resolution shall specify the first payroll period after the date of such
filing for which no further contributions shall be required of members
in its employ.

c. Contributions shall be made to the pension accumulation fund by or
on account of each participating employer, as provided in sections three
hundred sixteen, three hundred seventeen and three hundred forty-two of
this chapter, at a rate fixed by the actuary which shall be computed to
be sufficient to provide the benefits established by section three
hundred seventy-five-c of this chapter on account of members in the
employ of such participating employers.

d. Nothing contained in this section shall impair the right of
persons, who became members before August nineteenth, nineteen hundred
sixty-six, to make contributions pursuant to subdivision i of section
three hundred twenty-one of this chapter.

e. Any member who has elected to contribute at a certain rate of
contribution in accordance with the provisions of subdivision j of
section three hundred twenty-one of this chapter, shall continue to
contribute at such rate until his election under said subdivision is
withdrawn.

f. Any member in service on August nineteenth, nineteen hundred
sixty-six, may by written notice duly acknowledged and filed with the
comptroller on or before August eighteenth, nineteen hundred
sixty-seven, elect to contribute to the retirement system. Where a
member makes an election to contribute, as herein provided for, he shall
contribute to the retirement system as otherwise provided in this
chapter. One year or more after the filing of the notice of election to
contribute, the member may withdraw such election and elect not to
contribute.