Section 13-659. Reimbursement of supplemental pension fund by the city  


Latest version.
  • The
      comptroller shall include with his  or  her  budget  estimate  for  each
      fiscal  year  amounts  estimated  by  him  or  her  to  be sufficient to
      reimburse the supplemental  pension  fund  for  the  cost  of  providing
      supplemental  retirement  allowance  payments  during the current fiscal
      year to all city retired  employees  (less  the  amount  contributed  by
      public  authorities  with  respect  to  those city retired employees who
      retired from service with such public authorities as provided in section
      13-658), to police or fire retired employees, police or  fire  surviving
      spouses  or dependents, police or fire line-of-duty surviving spouses or
      dependents and street cleaning surviving spouses or dependents.  If  the
      city  shall  fail  to  provide  such  funds  all supplemental retirement
      allowances authorized by this article  shall  be  discontinued.  If  any
      public  authority  specified in section 13-658 shall fail to provide the
      contribution  therein  required  only   the   supplementary   retirement
      allowance  paid  pursuant  to  this  article  to  city retired employees
      retired from the service of such authority and from the service  of  any
      public authority consolidated with such authority shall be discontinued.