N.Y. Comp. Codes R. & Regs. tit. 2, § 333.2 – Payment of interest on death benefits. | Midpage
§ 333.2
N.Y. Comp. Codes R. & Regs. tit. 2, § 333.2
Payment of interest on death benefits.
Department of Audit and Control
(a) for those benefits due as a result of death prior to April 1, 1983, three per centum per annum; and
(b) for those benefits due as a result of death on or after April 1, 1983, five per centum per annum.
The rate of interest for unpaid accidental and ordinary death benefits, to accrue from the date of death of the member until payment of the benefit is made, is as follows: