New York § 4603 - 4603Benefits
Full text of New York New York Consolidated Laws § 4603 — 4603Benefits, with citation guidance and answers to common questions.
§ 4603. 4603Benefits
§ 4603. Benefits. (a) A system providing retirement benefits by agreement with an employer may also provide in the same agreement for withdrawal equities and benefits on account of disability or death. (b) A system may provide pension benefits by entering into agreements with an employer or group of employers having a common retirement plan which has been approved by the superintendent to receive funds which are to be accumulated at interest and, subject to the conditions agreed upon, to apply the accumulated funds to provide pension benefits for the employees of the employer or group of employers as each employee retires. (c) No agreement shall be entered into with an employer or group of employers having less than twenty-five employees who are eligible for retirement benefits under the agreement. (d) The accumulation of any funds contributed by an employee shall be used for his exclusive benefit.
Frequently Asked Questions About New York § 4603
What does New York Consolidated Laws § 4603 cover?
Section 4603 ("4603Benefits") 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 § 4603?
A common citation format is "New York Consolidated Laws § 4603" (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 § 4603 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.