§ 420 Short title
§ 421 Definitions
§ 422 Establishment of a common retirement fund
§ 423 Investments
§ 423-A Northern Ireland related investments
§ 423-B New York state venture capital program
§ 423-C MWBE asset management and financial institution strategy
§ 424 Distribution of earnings
§ 424-A Use of placement agents or intermediaries prohibited
§ 425 Separability of retirement systems

Terms Used In New York Laws > Retirement and Social Security > Article 9 - Common Retirement Fund

  • Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Trustee: A person or institution holding and administering property in trust.