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IN RE VILLARIE

No. 1340, Docket 81-5001.

648 F.2d 810 (1981)

In re Dennis & Gail Ann VILLARIE, Debtors. NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM, Plaintiff-Appellant, v. Dennis VILLARIE, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided May 14, 1981.

Attorney(s) appearing for the Case

Michael Gage, New York City (Leonard Koerner, Carolyn E. Demarest, Allen G. Schwartz, Corp. Counsel, New York City, of counsel), for plaintiff-appellant.

Defendant-appellee did not appear at oral argument and did not submit a brief.

Before KAUFMAN, OAKES and NEWMAN, Circuit Judges.

PER CURIAM:

A member of the New York City Employees' Retirement System (NYCERS or the Retirement System) contributes to his annuity savings fund by authorizing NYCERS to deduct an actuarially determined amount from his weekly paycheck. Membership in this organization entitles a City employee to obtain a loan from the Retirement System, but the amount of the allowance cannot exceed fifty percent of the employee's previous contributions to the fund. In effect, this...

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