Assessment and payment of administrative expenses
Compiled text through Jan 31, 2026
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Department of Civil Service
- Text status
- Source receipt
- Compiled text through
- Jan 31, 2026
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
Assessments of proportionate shares of expenses of administration of the plan shall be made annually on March 31, in accordance with a formula approved by the president. With respect to participating employers, a statement of each assessment shall be sent to the appropriate fiscal officer and shall show the formula used and the actual computation of the assessment. Such assessment shall be payable by a participating employer within 30 days after such statement is rendered, by check made payable to the fund, and forwarded to the president. Failure to pay any such assessment promptly shall constitute cause for expulsion. Assessments of proportionate shares of expenses of administration of the plan for the State shall be submitted to the State Commissioner of Taxation and Finance.