§ 110-c. Deductions from benefits of certain retired members. Notwithstanding any other provision of law, a retired member shall have the right, at any time after the retiree's retirement, to execute and file a deduction authorization card with the comptroller authorizing the deduction from the retired member's retirement allowance of membership dues and such retired member's share of the cost for employee organization-sponsored benefit plans and the payment thereof to a retiree organization of which the retired member is then a member and which is then affiliated with either an employee organization certified or recognized as the collective bargaining representative of all employees in the negotiating unit of which the retired member was a part prior to his or her retirement or with an employee organization with which such employee organization is then affiliated. The comptroller shall thereafter deduct from the retirement allowance of such retired member the amount of membership dues and such amounts required to be paid by such retired member for such authorized employee organization-sponsored benefit plans, and shall transmit the sum so deducted to said retiree organization. Such authorization shall continue in effect until revoked in writing by such retired member. For purposes of this section the term "employee organization-sponsored benefit plans" shall include any and all insurance plans and/or other benefit plans sponsored by such retiree organization whether provided by (a) a not-for-profit corporation licensed under Article 43 of the insurance law; (b) any insurance company authorized to do business in this state; (c) a health maintenance organization issued a certificate of authority pursuant to Article 44 of the public health law; or (d) a self-insurance arrangement, welfare fund or benefit fund.

Terms Used In N.Y. Retirement and Social Security Law 110-C

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • member: shall include each person who during the qualifying period was in the employment of a public employer which then participated for such employees in a public retirement system in this state, irrespective of whether the person was a participant in such system at that time, provided that the person has become a participant in such retirement system and has purchased service credit for a period of time that includes some or all of the qualifying period in accordance with provisions of law applicable to such purchase of service credit. See N.Y. Retirement and Social Security Law 2