(i) all regular member contributions which such member would have been
required to pay to the retirement system for such period of suspension
if he or she had been in service during such period of suspension; and
(ii) if such member is a participant in a special plan, the additional
member contributions attributable to participation in such special plan
which he or she would have been required to pay to the retirement system
for such period of suspension if he or she had been in service during
such period of suspension; and
(iii) an amount equivalent to the additional costs to the employer of
providing retirement service credit to such member for such period of
suspension, as determined by the actuary for the retirement system.
c. The deductions for the additional member contributions referred to
in paragraph b of this subdivision shall be made in accordance with such
equitable method and over such equitable period of time as shall be
prescribed by the executive director of the member's retirement system
with the approval of the board of trustees.
d. The additional member contributions referred to in subparagraph (i)
of paragraph b of this subdivision shall be paid into the account
established by the retirement system for the deposit and accumulation of
such member's regular member contributions. The additional member
contributions referred to in subparagraph (ii) of paragraph b of this
subdivision shall be paid into the contingent reserve fund of such
retirement system and shall be subject to the provisions of law which
govern additional member contributions in the special plan in which such
member is a participant. The additional member contributions referred to
in subparagraph (iii) of paragraph b of this subdivision shall be paid
into the contingent reserve fund of such retirement system and shall not
be subject to any retirement system right or privilege of such member,
unless such right or privilege is granted by other provisions of law
which specifically refer to additional member contributions made
pursuant to subparagraph (iii) of paragraph b of this subdivision.
e. At any time prior to completion of the deductions for the
additional member contributions referred to in paragraph b of this
subdivision, payment of the remainder of the total of such additional
contributions required by such paragraph may be made in a lump sum.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 6 - The New York City School Construction Authority Act
1727 - New York City School Construction Authority.
1728 - Powers and Duties of the Authority.
1730 - Exemption From Land Use Review Procedures and Other Requirements.
1731 - Community Participation.
1732 - City Approval of Sites.
1734 - Contracts of the Authority.
1735 - Certain Contracts of the Authority.
1736 - Funding of the Authority.
1738 - Retirement of Employees.
1739 - Collective Negotiation.
1740 - Use of Outside Design, Drafting or Inspection Services.
1741 - Deposit and Investment of Moneys of the Authority.
1742 - Exemption of the Authority.
1744 - Claims and Actions Against the Authority.
1746 - Audit, Annual and Quarterly Reports.