Section 13-393. Fire officers' variable supplements fund  


Latest version.
  • a. There is hereby
      established  a  fund,  to  be  known  as  the  fire  officers'  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,  13-335.2  and  13-335.3 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  fire  officers'
      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 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.