Section 13-646. Computation of supplemental pensions  


Latest version.
  • 1. Subject to the
      filing of verified applications for such  payments  by  person  entitled
      thereto,  the  monthly supplemental pension to be paid to a city retired
      employee shall be computed by
        (a) Multiplying by forty (or forty-three  and  two-fifths  in  a  case
      where  a  retired employee may receive a maximum retirement allowance or
      pension, computed without optional modification, of thirteen hundred two
      dollars) the number of years not  exceeding  thirty,  of  allowable  and
      credited  service on which his or her retirement allowance or pension is
      based,
        (b) subtracting therefrom the amount of his or her  annual  retirement
      allowance or pension, computed without optional modification, and
        (c) dividing the result so obtained by twelve.
        2.  In  no event shall the monthly supplemental pension paid to a city
      retired employee exceed
        (a) twenty-five dollars, or thirty-three dollars and  fifty  cents  in
      any  case  where  the maximum under paragraph (b) of this subdivision is
      one hundred eight dollars and fifty cents, or
        (b) an amount which when added to an amount equal  to  one-twelfth  of
      his  or  her  annual  retirement  allowance or pension, computed without
      optional modification, exceeds the sum of one hundred  dollars,  or  one
      hundred eight dollars and fifty cents.
        (1)  in  the  case  of  a retired employee who attained age sixty-five
      before April first, nineteen hundred fifty-six or who attains  such  age
      on  or  after  such  date,  beginning with April first, nineteen hundred
      fifty-six or with the first of the month following the date such retired
      employee attains the age of sixty-five years;
        (2) in the case of a retired female person who attained age  sixty-two
      before April first, nineteen hundred fifty-seven or who attains such age
      on  or  after  such  date,  beginning with April first, nineteen hundred
      fifty-seven or with the first of  the  month  following  the  date  such
      retired employee attains the age of sixty-two years; and
        (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, beginning with April first, nineteen hundred fifty-seven, or  with
      the  first of the month following the date such retired employee attains
      the age of fifty years.
        3. For the purposes of this section,  in  determining  the  number  of
      years  of allowable and credited service, a major fraction or decimal of
      a year shall be counted as a full year.
        4. If any salary or time adjustment is pending then  the  supplemental
      pension  payments  to  be  received  by a city retired employee shall be
      regarded as payments on account of any increase in pension or retirement
      allowance to which such city retired employee  may  become  entitled  by
      reason  of  such  salary  or time adjustment, and may be offset from any
      increased pension payment or retired allowance which may become  payable
      to such city retired employee by reason of such adjustment.
        5. Notwithstanding any other provision of this article.
        (a)  any  person who was retired prior to July first, nineteen hundred
      sixty and who as a result  of  such  retirement  receives  a  retirement
      allowance or pension from the New York city teachers' retirement system,
      who  attained  age  sixty-five  before  April  first,  nineteen  hundred
      fifty-six, or who attains such age on or after  such  date  and  who  is
      receiving  or  is entitled to receive a supplemental pension pursuant to
      this article on or after such date shall, beginning with  the  month  of
      April, nineteen hundred fifty-six, if he or she is then sixty-five years
      of  age  or  beginning  with the month thereafter during which he or she
    
      attains age sixty-five, receive a monthly  supplemental  pension  in  an
      amount  which  when  added to his or her monthly retirement allowance or
      pension, computed without optional modification, shall be equal  to  one
      hundred eight dollars fifty cents;
        (b)  in  the  case of any female person meeting such requirements, who
      was retired prior to July first, nineteen hundred sixty and  who,  as  a
      result  of  such  retirement  receives a retirement allowance or pension
      from the New York city teachers' retirement  system,  who  attained  age
      sixty-two  before  April  first,  nineteen  hundred  fifty-seven, or who
      attains such age on or after such  date  and  who  is  receiving  or  is
      entitled  to  receive a supplemental pension pursuant to this article on
      or after such date shall, beginning with the month  of  April,  nineteen
      hundred  fifty-seven, if she is then sixty-two years of age or beginning
      with the month  thereafter  during  which  she  attains  age  sixty-two,
      receive  a  monthly  retirement allowance or pension in an amount which,
      when added to her monthly  retirement  allowance  or  pension,  computed
      without  optional  modification,  shall  be  equal  to one hundred eight
      dollars and fifty cents;
        (c) in the case of any person retired for disability before July first
      nineteen hundred sixty who receives a disability retirement allowance or
      pension from the New York city teachers'  retirement  system,  effective
      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  and  who  is  receiving  or  is entitled to receive a
      supplemental pension pursuant to this article  on  or  after  such  date
      shall,  beginning with the month of April, nineteen hundred fifty-seven,
      if he or she is then fifty years of age  or  beginning  with  the  month
      thereafter  during  which he or she attains age fifty, receive a monthly
      retirement allowance or pension in an amount which when added to his  or
      her  monthly  retirement allowance or pension, computed without optional
      modification, shall be equal to one  hundred  eight  dollars  and  fifty
      cents.