Section 13-193*2. Payments to housing police variable supplements funds

1.
  As used in this section, the following terms shall mean and include:
    (a) "Base fiscal year". Any fiscal year of the city  beginning  on  or
  after  July first, nineteen hundred eighty-seven and ending on or before
  June thirtieth, nineteen hundred ninety-four.
    (b) "Current fiscal year". The fiscal year of the city next succeeding
  the base fiscal year.
    (c) "Transferable earnings". Subject  to  the  provisions  of  section
  13-193.1  of  this  chapter,  the total amount obtained in a base fiscal
  year with respect to the New York city employees' retirement  system  by
  following  the  procedure described in paragraph twelve of subdivision a
  of section 13-232 of this title.
    (d) "Amount of assets of the retirement system". With respect  to  any
  base  fiscal  year, the aggregate amount of all assets of the retirement
  system on June thirtieth of such fiscal year.
    (e)  "Amount  of  housing  police  assets".  The  amount  obtained  by
  multiplying  the  total  assets  of  the  retirement  system  as of June
  thirtieth of such base year; by (i) the total salaries of housing police
  members of the retirement system as of such June thirtieth and  dividing
  the  product  by  (ii)  the  total salaries of members of the retirement
  system as of such June thirtieth.
    (f) "Allocation to the housing  police  variable  supplements  funds".
  With respect to any base fiscal year, the amount obtained:
    (i)  by multiplying the transferable earnings, if any, with respect to
  such base fiscal year by  the  amount  of  housing  police  assets  with
  respect to such base fiscal year; and
    (ii)  by  dividing the amount computed pursuant to subparagraph (i) of
  this paragraph by the amount of assets of  the  retirement  system  with
  respect to such base fiscal year.
    (g)  "HPOVSF  calendar  year  covered  by  a  payment  guarantee". The
  calendar year nineteen hundred ninety-four and any  succeeding  calendar
  year.
    (h)  "HPOVSF  basis  fiscal  year related to a payment guarantee". Any
  fiscal year of the city beginning on or after July first  of  the  first
  HPOVSF  calendar  year  covered  by  a  payment guarantee (as defined in
  paragraph (g) of this subdivision).
    (i) "HPSOVSF calendar  year  covered  by  a  payment  guarantee".  The
  calendar  year  in  which a guarantee by the city of payment of variable
  supplements first take effect pursuant to paragraph (f) or paragraph (g)
  of subdivision  three  of  section  13-192  of  this  chapter,  and  any
  succeeding calendar year.
    (j)  "HPSOVSF  basis  fiscal year related to a payment guarantee". Any
  fiscal year of the city beginning on or after July first  of  the  first
  HPSOVSF  calendar  year  covered  by  a payment guarantee (as defined in
  paragraph (i) of this subdivision).
    2. As soon as practicable after the close of each  base  fiscal  year,
  but  not  later than August thirty-first of the current fiscal year, the
  board of the retirement system shall:
    (a) determine, in the manner provided in paragraph (f) of  subdivision
  one  of  this  section,  whether  there  is an allocation to the housing
  police variable supplements funds with respect to such base fiscal year;
  and
    (b) the total  contributions  made  to  the  retirement  system,  with
  respect  to  such  base  fiscal  year,  on  behalf of all housing police
  members who are police officers as of the last day of such  base  fiscal
  year; and

    (c)  the  total  contributions  made  to  the  retirement system, with
  respect to such base fiscal  year,  on  behalf  of  all  housing  police
  members who are housing police superior officers, as of such last day.
    3.  (a)  If  there  be  an  allocation  to the housing police variable
  supplements funds with respect to the base fiscal  year,  determined  as
  hereinabove  provided,  such  allocation shall be divided into a housing
  police officer's variable supplements fund share and  a  housing  police
  superior officers' variable supplements fund share in the ratio that the
  total  contributions  made to the retirement system with respect to such
  base fiscal year on behalf of housing police  members  who  are  housing
  police  officers bears to the total contributions made to the retirement
  system with respect to such base fiscal year on behalf of housing police
  members who are housing police superior officers, as computed  for  such
  base fiscal year pursuant to the provisions of paragraphs (b) and (c) of
  subdivision two of this section.
    (b)  On  or before August thirty-first of the current fiscal year, the
  retirement system shall pay from the  contingent  reserve  fund  to  the
  housing  police  officer's  variable  supplements  fund  and the housing
  police superior officers' variable  supplements  fund  their  respective
  shares  of  such  allocation  to the housing police variable supplements
  funds, as such shares are computed pursuant to  paragraph  (a)  of  this
  subdivision.
    4.  The  determination  as  to whether there are transferable earnings
  with respect to each base fiscal year (as defined in  paragraph  (a)  of
  subdivision  one  of  this  section), and if there are such transferable
  earnings, the amount thereof, shall be made as follows:
    (a)  for   the   nineteen   hundred   eighty-seven--nineteen   hundred
  eighty-eight base fiscal year, such determination shall be made pursuant
  to the preceding subdivisions of this section;
    (b)   for   the   nineteen   hundred   eighty-eight--nineteen  hundred
  eighty-nine and nineteen hundred  eighty-nine--nineteen  hundred  ninety
  base  fiscal  years,  such  determination  shall be made pursuant to the
  preceding subdivisions of this section, as modified by the provisions of
  subdivisions one through five, inclusive, of section  13-193.1  of  this
  chapter,  as  such  subdivisions  one through five were in effect during
  such base fiscal years;
    (c) for the nineteen hundred ninety--nineteen hundred ninety-one  base
  fiscal  year  and  each succeeding base fiscal year to and including the
  last base fiscal year (as defined in paragraph (a) of subdivision one of
  this  section),  such  determination  shall  be  made  pursuant  to  the
  preceding  subdivisions  of  this section and subdivision six of section
  13-193.1 of this chapter; and
    (d) for the purpose of applying subdivision six of section 13-193.1 of
  this chapter pursuant  to  the  provisions  of  paragraph  (c)  of  this
  subdivision,  such  subdivision six shall be deemed to refer only to the
  base fiscal years mentioned in such paragraph (c).
    5. The preceding subdivisions of this section shall be inapplicable to
  determination of any and all rights  of  the  housing  police  officer's
  variable  supplements  fund and of the housing police superior officers'
  variable supplements fund to any payments  from  the  retirement  system
  derived from or based on investment earnings of the retirement system in
  any  fiscal year of the city commencing on or after July first, nineteen
  hundred ninety-four.
    6. The determination as to whether the retirement system  is  required
  to  pay  any monies to the housing police officer's variable supplements
  fund with respect to all HPOVSF basis fiscal years related to a  payment
  guarantee  (as  defined  in  paragraph  (h)  of  subdivision one of this

  section), and if any such monies are so  payable,  the  amount  thereof,
  shall be made pursuant to section 13-193.4 of this chapter.
    7.  (a)  The  determination  as  to  whether  the retirement system is
  required to pay any monies to  the  housing  police  superior  officers'
  variable supplements fund with respect to all HPSOVSF basis fiscal years
  related  to  a  payment  guarantee  (as  defined  in  paragraph  (j)  of
  subdivision one of this section), and if any such monies are so payable,
  the amount thereof, shall be made pursuant to section 13-193.7  of  this
  chapter.
    (b)  The determination as to whether the retirement system is required
  to pay any monies to the  housing  police  superior  officers'  variable
  supplements  fund with respect to any fiscal year of the city which is a
  not a HPSOVSF basis fiscal year  related  to  a  payment  guarantee  (as
  defined  in  such  paragraph  (j)),  but  is  a HPOVSF basis fiscal year
  related  to  a  payment  guarantee  (as  defined  in  paragraph  (h)  of
  subdivision one of this section), and if any such monies are so payable,
  the  amount  thereof, shall be made pursuant to section 13-193.5 of this
  chapter.
    * NB There are 2 § 13-193's