New York Laws
Article 14 - Coordinated-Escalator Retirement Plan
515 - Optional Retirement Program.

§ 515. Optional retirement program. a. Any optional retirement program
authorized by state law which, on the day before the effective date of
this article, would be available to an eligible employee subject to the
provisions of article eleven in lieu of joining a public retirement
system of the state, will continue to be available to eligible employees
subject to this article during the period this article is in effect.

c. Nothing herein contained shall be construed as permitting an
employee who previously elected coverage under an optional retirement
program to elect coverage under a public retirement system of the state.

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