§ 61-a. Payment of interest on death benefits and accumulated contributions. Interest shall accrue against unpaid accidental and ordinary death benefits plus the reserve-for-increased-take-home-pay from the date of death of a member until payment thereof is made. Interest shall accrue against accumulated member contributions from the date of death until payment thereof is made, where no death benefit is payable on account of such death. An application for the payment of such benefits must be made in writing on a blank provided by the comptroller for such purpose. Interest against the unpaid benefit shall be at the rate provided for by subdivision one of § 3-a of the general municipal law.

Terms Used In N.Y. Retirement and Social Security Law 61-A

  • 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