Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 51-A
Retirement & Social Security
ARTICLE 2
New York State Employees' Retirement System
TITLE 8
General Provisions Relating to Retirement; Retirement Plans Applicable to Members Generally
previous
SECTION 78-A
Cost-of-living adjustment
up
TITLE 8
General Provisions Relating to Retirement; Retirement Plans Applicable to Members Generally
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 79
Cafeteria plans
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 2, TITLE 8
§ 79. 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 either the New York state employees' retirement system or
the New York state teachers' retirement system under a cafeteria plan or
flexible benefit plan shall be considered part of annual compensation
for the purpose of computing employer and employee retirement plan
contributions and for computing retirement benefits.