N.Y. Comp. Codes R. & Regs. tit. 16 § 197.11

Current through Register Vol. 46, No. 50, December 11, 2024

Section 197.11 - Employer pensions and benefits

(a) All cost of employee pensions and benefits, whether such costs represent pensions payable currently to retired employees or their beneficiaries, advance provision for future payments, or both, are includible in the charges of each accounting period. A utility may distribute to construction and retirement projects and to clearing and other accounts an applicable portion of the pension and benefits costs.

(b) Costs of accident and health insurance, hospital and surgical insurance, disability and lump sum separation allowances, and similar employee benefits, together with costs of operating educational and recreational facilities are also includible in account 785.1, Employees' Welfare Expenses.

N.Y. Comp. Codes R. & Regs. Tit. 16 § 197.11