[Code 1964, § 9-2]
The officers and employees of the city shall be included in
the New York State Employees' Retirement System.
[Code 1964, § 9-5]
The members of the board of water supply may allow the employees
of the board of water supply to participate in the New York State
Employees' Retirement System. The cost of participation shall
be a charge against the cost of operation of the water supply system
and shall be paid solely from the revenues of the water supply system.
[Code 1964, § 9-2.4]
(a)
Option to participate. City employees who retire after January 2,
1980 shall have the option of continuing participation in the city
health insurance program for themselves and their dependents.
(b)
Eligibility. Only those employees who are eligible for participation
in the program at the time of their retirement and who have been employed
by the city for a minimum of 20 years before retirement shall have
this option.
(c)
Coverage for dependents. Except for a dependent who is away from
the retiree's home for reasons of education, a dependent must
reside in the retiree's home to be a covered dependent.
(d)
Costs. The cost of health insurance coverage shall be wholly at the
expense of the individual participant and the right to participation
shall terminate when the employee attains age 65 or becomes eligible
for Medicare or dies, whichever comes first.
(e)
Payment of premiums. Premiums are to be collected by the several
unions representing the retirees or, if the retiree is not a member
of a union, premiums shall be paid directly to the city comptroller.
Premiums shall be payable in advance as determined by the comptroller,
and payments shall be due on a quarterly basis unless otherwise determined
by the insurer. The city shall not guarantee the payment of any premiums
and any account not paid as set forth in this section shall be delinquent
and may result in a cancellation of coverage.
