150 – Short Title.

§ 150. Short title. This article shall be known and may be cited as the “New York state public retirement system reporting and disclosure act”.

151 – Application.

§ 151. Application. Notwithstanding any inconsistent provision of law, the provisions of this article shall apply to any public retirement system of the state and to any public employee pension plan administered by such system.

152 – Definitions.

§ 152. Definitions. The following words and phrases, as used in this article, shall have the following meanings, unless a different meaning is plainly required by the context: 1. “Beneficiary” shall mean a person who is receiving a benefit from a public retirement system of the state or who has met all the conditions precedent […]

153 – Summary Plan Description.

§ 153. Summary plan description. 1. The head of each public retirement system shall prepare and publish a summary plan description of any public employee pension plan which is administered or maintained by such system and of any material modification or change in the terms of such plan. The summary plan description shall include the […]

154 – Reporting of Member’s Benefit Rights.

§ 154. Reporting of member’s benefit rights. 1. The head of the retirement system shall furnish annually to any member of a plan a statement indicating, on the basis of currently available information: (a) the total accumulated plan benefits or the amount payable; (b) the extent to which benefits are vested pension benefits; (c) the […]

155 – Limitations.

§ 155. Limitations. Nothing contained in this article requiring reporting and disclosure shall be construed to create, revive, extend, or otherwise affect the entitlement of a member, retired member, or a beneficiary to any retirement benefit.