Defined benefit LOSAP typically provides three benefits:
Who benefits from LOSAP:
The New York General Municipal Law Article 11-A outlines the requirements for designing and operating a LOSAP in the state of New York. Click on laws; then laws of New York; then GMU; finally, Article 11-A.
Check these links for helpful audit information published by the New York State Comptroller’s office:
Find various information regarding designing and operating a LOSAP in the state of New Jersey: Operating a LOSAP in New Jersey
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