§ 75-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 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 thirty, thirty-one or
thirty-two 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 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 thirty, thirty-one or
thirty-two 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 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
sixteen, seventeen and 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 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
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 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.