Rate of Regular Interest, Rate of Estimate Earnings and Mortality Tables
NY-ADR
9/30/15 N.Y. St. Reg. AAC-39-15-00007-P
NEW YORK STATE REGISTER
VOLUME XXXVII, ISSUE 39
September 30, 2015
RULE MAKING ACTIVITIES
DEPARTMENT OF AUDIT AND CONTROL
PROPOSED RULE MAKING
NO HEARING(S) SCHEDULED
I.D No. AAC-39-15-00007-P
Rate of Regular Interest, Rate of Estimate Earnings and Mortality Tables
PURSUANT TO THE PROVISIONS OF THE State Administrative Procedure Act, NOTICE is hereby given of the following proposed rule:
Proposed Action:
This is a consensus rule making to amend section 300.1; repeal Appendix 10-A, tables 44-56; and add new Appendix 10-A, tables 44-53 to Title 2 NYCRR.
Statutory authority:
Retirement and Social Security Law, sections 11 and 311
Subject:
Rate of regular interest, rate of estimate earnings and mortality tables.
Purpose:
To conform the rate of regular interest and the rate of estimated earnings to the current rates established by the Comptroller.
Substance of proposed rule:
This proposed amendment conforms the rate of regular interest and the rate of estimated earnings to the current rates established by the Comptroller and updates the mortality tables used in the calculation of retirement benefits to reflect demographic trends.
Text of proposed rule and any required statements and analyses may be obtained from:
Jamie Elacqua, Office of the State Comptroller, 110 State Street, Albany, NY 12236, (518) 473-4146, email: [email protected]
Data, views or arguments may be submitted to:
Same as above.
Public comment will be received until:
45 days after publication of this notice.
Consensus Rule Making Determination
This is a consensus rulemaking proposed for the sole purpose of conforming the rates of regular interest and estimated earnings to the rates currently established by the Comptroller and to update the mortality tables used in the calculation of retirement to reflect demographic trends. It has been determined that no person is likely to object to the adoption of the rule as written. It has been determined that no person is likely to object to the adoption of the rule as written.
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