Whereas, sections 11 and 311 of the Retirement and Social Security Law establish the Comptroller as the administrative head of the New York State and Local Employees' Retirement System and New York State and Local Police and Fire Retirement System, with the power to obtain such necessary technical and management advice as he may require, and to adopt and amend rules and regulations for the administration and transaction of the business of these retirement systems; and

Whereas, during 1959 the Comptroller appointed an Advisory Council for the Retirement Systems to advise him and make recommendations to him concerning the formulation of policies in relation to the administration and management of these retirement systems; and

Whereas, the Comptroller now deems it desirable to expand the membership of the council, and to formalize its structure and operation; it is hereby

Determined and directed that a regulation be promulgated for the restructuring and continuation of the Advisory Council for the New York State and Local Retirement Systems, said council to advise and make recommendations to the Comptroller on the formulation of policies in relation to the administration and management of the retirement systems. This council shall have the membership, duties and convening procedures set forth in this Part.