2 CRR-NY 347.5NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 2. DEPARTMENT OF AUDIT AND CONTROL
CHAPTER VI. NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM AND NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM
PART 347. PREPAYMENT OF AMORTIZED CONTRIBUTIONS BY PARTICIPATING EMPLOYERS PURSUANT TO SECTIONS 17-A AND 317-A OF THE RETIREMENT AND SOCIAL SECURITY LAW
2 CRR-NY 347.5
2 CRR-NY 347.5
347.5 Interest.
Prepayments of amortized contributions made under this Part shall be applied first to outstanding interest due. Prepayments of amortized contributions in amounts greater than the total amount of outstanding interest shall be applied to the outstanding amortized principal balance.
2 CRR-NY 347.5
Current through February 28, 2022
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