(b) The salary or compensation of any such employees, after such
transfer, shall be paid by the authority. Notwithstanding the provisions
of this section, any such employees so transferred to the authority,
pursuant to the provisions of this section, who are members of or
beneficiaries under any existing pension or retirement system, shall
continue to have all rights, privileges, obligations and status with
respect to such fund system or systems as are prescribed by law, but
during the period of their employment by the authority, all
contributions to any pension or retirement fund or system to be paid by
the employer on account of such employees, shall be paid by the
authority.
Structure New York Laws
Article 8 - Miscellaneous Authorities
Title 28 - New York State Olympic Regional Development Authority
2608 - New York State Olympic Regional Development Authority.
2609 - Community Advisory Panel.
2610 - Review of and Recommendation on Continuation of the Authority.
2611 - Powers of the Authority.
2612 - Agreement With the Park District.
2613 - Appropriations by the Park District.
2614 - Agreements With the State.
2615 - Assistance by State Officers, Departments, Boards and Commissions.
2616 - Appropriations by the State.
2617 - Moneys of the Authority.
2618 - Property and Income of the Authority.
2619 - Capital Repair and Improvement Account.
2623 - Limitation of Liability.
2624 - Exemption From Taxation.
2625 - Inconsistent Provisions of Other Laws Superseded.