Insurance Law 4604 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 4603 Benefits up ARTICLE 46 Retirement Systems next SECTION 4605 Reinsurance Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 4604 Contributions Insurance (ISC) CHAPTER 28, ARTICLE 46 § 4604. Contributions. (a) The participating employees, or the employer, or both may contribute to the funds of the system and the rates of contribution shall be fixed by the trustees upon the basis of actuarial recommendations and shall be adequate to support the benefits granted. (b) The trustees may, with the approval of the superintendent, increase or decrease the rates of contribution whenever such action is deemed by them necessary to preserve the solvency and equity of the system.