N.Y. RSS Law § 322
This is the official text of N.Y. RSS Law § 322, part of New York’s RSS Law — part of the compiled statutory law of New York, published by the state as "RSS Law." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Members' contributions and their use; annuity reserve fund
Official statutory text
§ 322. Members' contributions and their use; annuity reserve fund. a.\nThe annuity reserve fund shall be the fund from which shall be paid all\nannuities and all benefits in lieu of annuities, payable pursuant to\nthis article.\n b. Upon retirement, a member's accumulated contributions shall be\ntransferred from the annuity savings fund to the annuity reserve fund.\nThey shall then be used to provide an annuity, the amount of which shall\nbe the actuarial equivalent of such accumulated contributions on the\nbasis of regular interest and the tables adopted by the comptroller\npursuant to this article.\n c. The comptroller from time to time shall transfer from the pension\naccumulation fund to the annuity reserve fund, such amounts as are\nnecessary under this article.\n d. If a member, retired for any reason, returns to active police or\nfire service and again becomes a member of the police and fire\nretirement system, his or her annuity reserve shall be transferred from\nthe annuity reserve fund to the annuity savings fund.\n
Status: in_force · Read it on the official government site
Need a lawyer in New York?
Find a New York lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.