N.Y. Civil Service Law § 158: Group term life insurance plan and group accident and health benefit plan

§ 158. Group term life insurance plan and group accident and health

benefit plan. 1. The president, subject to the provisions of this

section, is hereby empowered to establish regulations relating to, and

to enter into and administer contracts providing for, a group term life

insurance plan, and a group accident and health benefit plan on behalf

of legislators, employees of the legislature hired on an annual basis,

judges and justices of the unified court system, and state employees and

retired employees who, for the purposes of article fourteen of this

chapter, have been for a period of time prescribed by the regulations

and, except for such retirees, continue to be in positions designated as

managerial or confidential positions. The president may authorize the

inclusion in the plan of such employees and retired employees of other

governments or public employers as defined in subdivision six of section

two hundred one of this chapter. The president may adopt whatever other

regulations which may be necessary to fulfill the intentions of this

section. No regulation shall be adopted, repealed or amended, and no

other action taken with respect to such employees affecting the amount

of, or eligibility for, benefits or rates of contribution under this

section without the approval of the director of employee relations.

The full costs of any insurance program or programs established

pursuant to this subdivision, excluding administrative costs, shall be

borne by insureds and retirees. Any interest earned by the moneys in the

life insurance fund shall be added to such fund, become a part of such

fund, be used for the purpose of such fund, and be available without

fiscal year limitation.

2. The regulations of the president authorized by this section shall

provide that the entire cost of premiums or subscription charges for

coverage under the insurance plans established pursuant to such

regulations shall be borne by the employees electing such coverage. Such

regulations may provide for the allocation of any administrative

expenses, other than those of the insurer, among employers or employees

or retired employees participating in such coverage.