Section 13-383. Firefighters' variable supplements fund  


Latest version.
  • a. There is hereby
      established  a  fund,  to  be  known  as  the   firefighters'   variable
      supplements  fund. Such fund shall consist of such monies as may be paid
      thereto from pension fund subchapter two, pursuant to the provisions  of
      sections  13-335  and  13-335.1  of  this  chapter  and all other monies
      received by such fund from any other source pursuant to law.
        b. It is hereby declared by the  legislature  that  the  firefighters'
      variable  supplements  fund  shall not be, and shall not be construed to
      constitute, a pension or retirement system or fund, and  that  it  shall
      function  as  a  means  whereby  payments, not constituting a pension or
      retirement allowance, shall be made in accordance with the provisions of
      this subchapter, to eligible pension fund beneficiaries as a  supplement
      to  benefits  received by them under subchapter one or subchapter two of
      this chapter. The legislature hereby reserves to the state of  New  York
      and  itself the right and power to amend, modify or repeal any or all of
      the provisions of this subchapter.