New York § 640 - 640Excess Benefit Plan
Full text of New York New York Consolidated Laws § 640 — 640Excess Benefit Plan, with citation guidance and answers to common questions.
§ 640. 640Excess Benefit Plan
§ 640. Excess Benefit Plan. 1. Notwithstanding any other law to the contrary, the New York state and local employees' retirement system and the New York state and local police and fire retirement system are hereby authorized to establish an excess benefit plan. The plan or plans shall constitute a qualified governmental excess benefit plan pursuant to section 415(m) of the Internal Revenue Code. 2. Such plan or plans are created for the purpose of providing benefits to members of the New York state and local employees' retirement system and the New York state and local police and fire retirement system, whose benefits would otherwise be limited by section 415 of the Internal Revenue Code. 3. The comptroller, as administrative head of the New York state and local employees' retirement system and the New York state and local police and fire retirement system, is authorized to promulgate rules and regulations necessary to implement the provisions of this article including the actual terms and conditions of the excess benefit plan or plans.
Frequently Asked Questions About New York § 640
What does New York Consolidated Laws § 640 cover?
Section 640 ("640Excess Benefit Plan") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 640?
A common citation format is "New York Consolidated Laws § 640" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 640 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.