Section 13-213.1. Transfer of assets, liabilities and administration of pension fund, subchapter one to pension fund, subchapter two: payment of certain benefits by pension fund, subchapter two

a.  The  following  terms, as used in this section, shall have the following meanings unless
  a different meaning is plainly required by the context:
    1.  "Pension  fund,  subchapter one". The police pension fund provided
  for in this subchapter.
    2. "Pension fund, subchapter two". The police  pension  fund  provided
  for in subchapter two of this chapter.
    3.  "Police  subchapter  one  beneficiary". Any person who is entitled
  under the laws in effect  immediately  prior  to  July  first,  nineteen
  hundred  ninety-five  to  receive benefits from pension fund, subchapter
  one.
    b. Subject to the provisions of subdivision g  of  this  section,  and
  notwithstanding  any  other  provision  of  law to the contrary, on July
  first, nineteen hundred ninety-five, all assets held  by  pension  fund,
  subchapter  one shall be transferred to pension fund, subchapter two and
  shall be credited to  the  contingent  reserve  fund  of  pension  fund,
  subchapter two.
    c.  Subject  to  the  provisions of subdivision g of this section, and
  notwithstanding any other provision of law to the contrary, on and after
  July first, nineteen hundred ninety-five,  all  moneys  which  otherwise
  would be paid to pension fund, subchapter one pursuant to the provisions
  of  section  13-203 of this subchapter or any other provision of law, or
  from any other source whatsoever, shall instead by paid to  the  general
  fund of the city established pursuant to section one hundred nine of the
  New York city charter.
    d.  Subject  to  the  provisions of subdivision g of this section, and
  notwithstanding any other provision of law  to  the  contrary,  on  July
  first,  nineteen  hundred  ninety-five, all liabilities of pension fund,
  subchapter one as of such date, including, but not limited to, liability
  for  the  payment  of  all  benefits  required  under  laws  in   effect
  immediately  prior  to  such  date  to be paid on and after such date by
  pension fund, subchapter one to  police  subchapter  one  beneficiaries,
  shall be transferred to and assumed by pension fund, subchapter two, and
  such  benefits  payable  to  police  subchapter one beneficiaries on and
  after such date shall be paid to such  beneficiaries  by  pension  fund,
  subchapter two.
    e.  Subject  to  the  provisions of subdivision g of this section, and
  notwithstanding any other provision of law  to  the  contrary,  on  July
  first,   nineteen   hundred  ninety-five,  the  liability  of  the  city
  supplemental pension fund established under section 13-650 of this title
  for the payment of all supplemental  benefits  required  under  laws  in
  effect  immediately prior to such date to be paid on and after such date
  by such supplemental pension fund to police subchapter one benificiaries
  shall be transferred to and assumed by pension fund, subchapter two, and
  such  supplemental  benefits  payable  to  such  police  subchapter  one
  beneficiaries on and after such date shall be paid to such beneficiaries
  by pension fund, subchapter two.
    f. Notwithstanding any other provision of law to the contrary, on July
  first,  nineteen hundred ninety-five, the duties and responsibilities of
  administering the provisions of this subchapter conferred upon the board
  of trustees of pension fund, subchapter one by the  provisions  of  this
  subchapter in effect immediately prior to such date shall be transferred
  to and assumed by the board of trustees of pension fund, subchapter two.
    g. Notwithstanding any other provision of law to the contrary, for all
  funding  or  accounting  purposes,  including  but  not  limited to, the
  funding or accounting purposes associated with the implementation of the

  provisions of this  section,  the  provisions  of  subparagraph  (d)  of
  paragraph  two of subdivision b of section 13-228 of this chapter or the
  provisions of paragraph six of subdivision b of such section  13-228  of
  this chapter or the provisions of paragraph six of subdivision b of such
  section 13-228, the transfer of certain assets or liabilities to pension
  fund,  subchapter  two  as  required  by  subdivision  b, d or e of this
  section to be made on July first, nineteen hundred ninety-five shall  be
  deemed  to  have  been made on July first, nineteen hundred ninety-four,
  and the payment of certain moneys to the general fund  of  the  city  as
  required  by  subdivision c of this section to be made on and after July
  first, nineteen hundred ninety-five shall be deemed to have been made on
  and after July first, nineteen hundred ninety-four.