Employer Contribution Calculation

Comptroller DiNapoli's Legislative Program

Legislative Session 2015-2016:

Signed into law on July 30, 2015 as Chapter 94 of the Laws of 2015  A.7670 (Abbate) / S.4982 (Ortt) Provides for the calculation of employer contributions for the funding of the New York state and local employees’ retirement system and the New York state and local police and fire retirement system (the Retirement System or System) on the basis of rates determined on known salaries from the prior fiscal year rather than on an estimate of salaries from the incomplete current fiscal year.