N.Y. Retirement & Social Security Law § 31-c: Participation by the Metropolitan Reference and Research Library Agency

§ 31-c. Participation by the Metropolitan Reference and Research

Library Agency. a. The Metropolitan Reference and Research Library

Agency may, by resolution adopted by its board of trustees and approved

by the comptroller, elect to participate in the retirement system.

Acceptance of its employees for membership in the retirement system

shall be optional with the comptroller, who shall determine the amounts

of contribution payable by such agency and its employees, shall resolve

questions of credit for prior service, and shall in all other respects

assure that such employees share the same rights, obligations and

benefits as other members of the retirement system.

b. The officers and employees of such agency shall be credited with

such periods of prior service as shall be certified by such agency for

service rendered to it, or the state, or in any other capacity approved

by such agency and the comptroller. Service for such agency after the

date on which it commences to participate in the retirement system shall

be considered as member service. An officer or employee of such agency

who, as of the date he or she is so approved for membership in the

retirement system, is already a member thereof, shall not have his or

her total credit reduced by such approval. Any reserve held on account

of any such officer or employee in the pension accumulation fund shall

be used as an offset against the deficiency contribution payable

thereafter by such agency on account of such officer or employee for any

prior service credit and any such previous credit.