NYS Comptroller Seal

 

Bureau of State Payroll Services

 

  Date:  May 28, 2004 Bulletin No.  484

Subject

New General Deduction Code 648 (NYE Military Buyback Arrears After Tax)

 

Purpose

To provide processing instructions for Deduction Code 648 .

Background

Chapter 548 of the Laws of 2000 allows certain members of the New York City Employees' Retirement System who served in certain combat theaters or during wartime periods to purchase and receive credit for up to three (3) years of military service.   This new after-tax deduction code has been created to allow recovery of arrears for these employees.

 

Affected Employees

Employees who are eligible to purchase military service pursuant to Chapter 548.

Effective
Date(s)

Immediately.

Agency Actions

Upon notification from NYCERS, Deduction Code 648 should be entered on the General Deduction Data page using the Flat Amount Deduction Calculation Routine.   The Goal Amount provided in the NYCERS certification letter should also be entered.

 

Questions

Questions regarding entry of this deduction code may be directed to the Payroll Deductions mailbox.

 

Questions regarding eligibility for this deduction may be directed to NYCERS Member Services at (347) 642-3000.