N.Y. Comp. Codes R. & Regs. Tit. 12 §§ 358-3.7

Current through Register Vol. 46, No. 42, October 16, 2024

Section 358-3.7 - Notices and reports required with respect to plans

(a) Whenever a plan accepted by the chairman shall thereafter be modified or extended, written notice of such modification or extension, in form approved by the chairman, shall be filed forthwith with the chairman; and except as to modifications which are not material modifications, and except for the extension of a new plan without material modification for a fixed period of time specified in the agreement or extension, no such modification shall be effective until it has been accepted by the chairman and no such extension shall be effective until notice of extension has been filed with the chairman.

(b) A material modification of a plan shall be effective on acceptance by the chairman; and, without limitation, any modification which reduces the class or classes of employees to which the plan is applicable or the rate of weekly benefits or the period during which benefits are payable, or which increases the waiting period of the contribution of employees to the cost of benefits, shall be deemed a material modification.