N.Y. Insurance Law § 4604: Contributions

§ 4604. Contributions. (a) The participating employees, or the

employer, or both may contribute to the funds of the system and the

rates of contribution shall be fixed by the trustees upon the basis of

actuarial recommendations and shall be adequate to support the benefits

granted.

(b) The trustees may, with the approval of the superintendent,

increase or decrease the rates of contribution whenever such action is

deemed by them necessary to preserve the solvency and equity of the

system.