Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 13. RETIREMENT AND PENSIONS |
Chapter 2. POLICE PENSION FUNDS |
Subchapter 2. |
Section 13-259. Accidental disability benefits in the case of retirements prior to July first, nineteen hundred sixty-five
Latest version.
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a. Notwithstanding the provisions of section 13-258 of this subchapter, in any case where a retirement allowance was or is awarded under the provisions of such section, by reason of the retirement for accidental disability of a member occurring before July first, nineteen hundred sixty-five, such retirement allowance shall not be less than three-fourths the annual salary or compensation payable to a first grade patrolman on July first, nineteen hundred sixty-five. In the case of a member receiving a lesser retirement allowance than three-fourths the annual salary or compensation of a first grade patrolman as of July first, nineteen hundred and sixty-five, there shall be added to the pension portion of his or her retirement allowance an amount which when added to his or her retirement allowance provided for under section 13-258 of this subchapter, shall equal three-fourths the annual salary or compensation payable to a first grade patrolman as of July first, nineteen hundred and sixty-five. For the purpose of computing the annuity portion of such retirement allowance, his or her accumulated deductions shall be the required amount of such deductions at the time of his or her retirement from the police force, without any increase resulting from excess contributions and without any decrease resulting from excess contributions and without any decrease resulting from withdrawals, loans, optional modification, payment of his or her contributions for old age and survivors insurance coverage, or from any other transaction authorized by law. b. Such retirement allowance shall be payable to the same persons and shall be subject to the same terms and conditions, including provisions as to terminations, as the retirement allowance which would otherwise be payable to the member under section 13-258 of this subchapter or any other law. c. The retirement allowance payable pursuant to the provisions of subdivisions a and b of this section shall be in lieu of any retirement allowance which would otherwise be payable on and after the effective date of this section pursuant to the provisions of section 13-258 of this subchapter.