Legislation

§ 379. Cafeteria plans. To the extent permitted by section one
hundred twenty-five of the internal revenue code and any regulations
adopted pursuant thereto, any salary reduction elected by an employee
who is a participant in the New York state and local police and fire
retirement system under a cafeteria plan or flexible benefit plan shall
be considered part of the annual compensation for the purpose of
computing employer and employee retirement plan contributions and for
computing retirement benefits.