2 CRR-NY 152.16NY-CRR
2 CRR-NY 152.16
2 CRR-NY 152.16
152.16 Administration.
(a) Service award programs shall be administered by the State Comptroller unless the Comptroller retains or designates an administrative service agency, financial organization, and/or an actuary to administer the programs.
(b) In the event that there is a change in the identity of the administrator, the Office of the State Comptroller shall notify the chief executive officer of each sponsor of a service award program of the change.
(c) The administrator shall:
(1) prepare standard forms of a program agreement and adoption agreement which shall be utilized by all program sponsors;
(2) prepare and distribute all forms and documents necessary for the administration of the program;
(3) compile and maintain all records required for the administration of the program, including records of participant accrued benefit amounts;
(4) prepare and distribute to participants, ambulance companies and sponsors, the reports and program summaries as required by these rules and regulations;
(5) if the Comptroller is not the administrator, prepare and furnish to the Comptroller such reports as the Comptroller may require;
(6) record and process contributions made by program sponsors;
(7) cooperate with the program actuary, and, program trustee to ensure the effective and efficient operation of the programs, including the provision in a timely manner of such information as the program actuary and program trustee may require to exercise and perform their powers and duties;
(8) approve applications for distributions of service awards;
(9) record and process distributions of service awards;
(10) withhold all taxes and prepare all tax reporting forms required by Federal, State and local law; and
(11) perform such other functions as may be required by or pursuant to article 11-AAA of the General Municipal Law and this Part.
2 CRR-NY 152.16
Current through August 31, 2022
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: JULY 31, 2023, is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Admisnistrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of the NYS Rules.