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 2. |
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.