N.Y. Retirement & Social Security Law § 31-e: Participation by the Keuka Lake watershed improvement cooperative

§ 31-e. Participation by the Keuka Lake watershed improvement

cooperative. a. The Keuka Lake watershed improvement cooperative, by

resolution legally adopted by its board of directors, may elect to

become a participating employer in the retirement system. Acceptance of

the Keuka Lake watershed improvement cooperative as a participating

employer in the retirement system shall be optional with the

comptroller.

b. The officers and employees of such cooperative shall be credited

with such periods of prior service as shall be certified by the

cooperative for service rendered to it, or its predecessor, or the

state, or in any other capacity approved by such cooperative and the

comptroller. Service for such cooperative 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 cooperative who, as of

the date he is so approved for membership in the retirement system, is

already a member thereof, shall not have his 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

cooperative on account of such officer or employee for any prior service

credit and any such previous credit.