N.Y. GBS Law § 1308
This is the official text of N.Y. GBS Law § 1308, part of New York’s GBS Law — part of the compiled statutory law of New York, published by the state as "GBS Law." Browse the sections below, each linked to its official government source.
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Benefits
Official statutory text
§ 1308. Benefits. Interest, investment earnings, and investment losses\nshall be allocated to individual program accounts as authorized by the\nboard pursuant to this article. An individual's retirement savings\nbenefit under the program shall be an amount equal to the balance in the\nindividual's program account on the date the retirement savings benefit\nbecomes payable. The state shall have no liability for the payment of\nany benefit to any enrollee in the program.\n
Status: in_force · Read it on the official government site
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