Laws of New York (Last Updated: November 21, 2014) |
ADC New York City Administrative Code(NEW) |
Title 13. RETIREMENT AND PENSIONS |
Chapter 5. MISCELLANEOUS PENSION AND RETIREMENT PROVISIONS |
Subchapter 6. SUPPLEMENTAL PENSIONS |
Article 1. |
Section 13-644. Definitions
Latest version.
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As used in this subchapter: 1. The term "city retired employee" shall mean a person who was retired prior to July first, nineteen hundred sixty and who receives, as a result of such retirement, a retirement allowance or pension from any retirement or pension system or plan of the city of New York, which retirement allowance or pension, computed without optional modification, is or would be twelve hundred dollars per annum or less, and who, unless retired for disability: (a) is sixty years of age or over and (b) has not had less than fifteen years of allowable and credited service on which his or her retirement allowance or pension is based, (c) provided, however, that (1) in the case of such a person meeting such requirements who attained age sixty-five before April first, nineteen hundred fifty-six, or who attains such age on or after such date, the maximum retirement allowance or pension, computed without optional modification, shall for the purposes hereof be thirteen hundred two dollars per annum beginning April first, nineteen hundred fifty-six or the first of the month following the date such person attains the age of sixty-five years; (2) in the case of a female person meeting such requirements who attained age sixty-two before April first, nineteen hundred fifty-seven, or who attains such age on or after such date, the maximum retirement allowance or pension, computed without optional modification, shall for the purposes hereof be thirteen hundred two dollars per annum beginning April first, nineteen hundred fifty-seven or the first of the month following the date such person attains the age of sixty-two years; (3) in the case of a person retired for disability, either before or after attaining age fifty, who attained such age before April first, nineteen hundred fifty-seven, or who attains such age on or after such date, the maximum retirement allowance or pension, computed without optional modification, shall for the purposes hereof be thirteen hundred two dollars per annum beginning April first, nineteen hundred fifty-seven or the first of the month following the date such person attains the age of fifty years.