N.Y. Comp. Codes R. & Regs. tit. 2, § 372.8 – Excess plan fund. | Midpage
§ 372.8
N.Y. Comp. Codes R. & Regs. tit. 2, § 372.8
Excess plan fund.
Department of Audit and Control
Contributions to the plan shall be deposited in a separate fund established and administered by the system. This fund is intended to be exempt from Federal income tax under code sections 115 and 415(m)(1).