Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 13. RETIREMENT AND PENSIONS |
Chapter 3. FIRE DEPARTMENT PENSION FUND AND RELATED FUNDS |
Subchapter 2. |
Section 13-364. Retirement allowances of original plan members; for accident disability
Latest version.
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a. Upon retirement for accident disability, an original plan member not subject to article eleven (as defined in subdivision four-c of section 13-313 of this subchapter) shall receive: 1. a retirement allowance which shall be equal to three-quarters of his or her final compensation on the date of his or her retirement and in the case of a member acting in a higher rank, an amount not to exceed three-quarters of the compensation of such rank on the day such injury was suffered; and 2. his or her accumulated contributions, without interest, either in a lump sum or in the form of an annuity which is the actuarial equivalent of such accumulated contributions, as such member shall elect; and 3. for each year he or she shall have served in the uniformed force of the fire department after having completed the minimum period of service retirement elected by him or her, the additional amount provided for by section two hundred seven-b of the general municipal law with respect to such year. b. Upon retirement for accident disability, an original plan member subject to article eleven (as defined in subdivision four-d of such section 13-313) shall receive a retirement allowance determined pursuant to the provisions of subdivision a of this section, except to the extent and in the manner that any such provision is modified by article eleven.