9 CRR-NY 1640-8.2NY-CRR
STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE S. DIVISION OF HOUSING AND COMMUNITY RENEWAL
CHAPTER III. LOW RENT HOUSING
SUBCHAPTER D. ACCOUNTING MANUAL FOR PUBLIC HOUSING AGENCIES
PART 1640. GENERAL INFORMATION
SUBPART 1640-8. EMPLOYEES RETIREMENT BENEFITS
9 CRR-NY 1640-8.2
9 CRR-NY 1640-8.2
1640-8.2 Accounting for employees retirement benefit charges.
The charges to the local agency for employees retirement benefits are eligible development costs and operating expenses of a State-aided project. Such charges shall be made as follows:
(a) The charge to the local agency for the prior service credit (§ 1640-8.1, subd. [c]) shall be made to the accounting period in which the date of adoption falls.
(b) The charge arising out of the application of the over-all contribution rate (§ 1640-8.1, subd. [d]) shall be spread over the accounting periods, beginning with the date of adoption, to which such payrolls apply, and shall be in proportion to the various payrolls.
(c) The charge of the Comptroller for the cost of determining the accrued liability of the local agency as of the end of the first year after adoption (§ 1640-8.1 subd. [e]) shall be made to the accounting period in which charge is made by the Comptroller.
(d) The charge of the Comptroller for the cost of determining a tentative special deficiency contribution rate prior to the end of the first year after adoption (§ 1640-8.1, subd. [e]) shall be made to the accounting period in which the charge is made by the Comptroller.
(e) No accruals for employee retirement benefit charges or costs in connection therewith shall be made to apply to any accounting period which is prior to the date of adoption.
(f) Development cost account 1410.9, Employees Retirement Fund, and operating expense account 4715, Pension and Other Funds, are provided for all charges in connection with employees' retirement benefits.
9 CRR-NY 1640-8.2
Current through September 15, 2021
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IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above 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 Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.