Section 207-E. Minimum retirement benefits for policemen in cities and who are members of police pension or retirement systems maintained by such cities  


Latest version.
  • 1. Notwithstanding the provisions of  any  general,  special  or  local  law,  charter or administrative code to the contrary, and in lieu
      of any lesser amount otherwise prescribed, any person who is an  officer
      or member of the uniformed force of the police department of a city, and
      is  a member of a police pension or retirement system maintained by such
      city, and who has completed service as a member of such  city-maintained
      police  pension  or  retirement  system  for the minimum number of years
      specified in such  plan  or  option  selected  by  him  as  a  necessary
      prerequisite  for  a  pension  or  retirement  allowance  on  account of
      retirement for service shall, upon retirement  for  service,  receive  a
      pension or retirement allowance on account of such minimum service which
      shall,  subject  to the provisions of this section, be equal to one-half
      of his annual compensation earnable upon the date of his retirement, or,
      in the event that such member shall have  served  as  a  member  of  the
      detective  division,  or on special assignment, for a period of at least
      five years during such service,  provided,  however,  that  such  member
      shall  have  continued  his  pension  contributions  on the basis of his
      highest annual compensation, one-half the  maximum  annual  compensation
      earned  by  him while an officer or member of the uniformed force of the
      police department of such city, whichever is greater.
        2. Where a city-maintained  pension  plan  or  retirement  system  for
      officers  or  members  of  the uniformed force of the police department,
      housing police force or transit police force of such city provides, upon
      retirement for service, for  a  retirement  allowance  consisting  of  a
      pension  plus  an  annuity  which  is  the  actuarial  equivalent of the
      member's accumulated contributions at the time of his  retirement,  then
      in  that  event  there  shall be added by the city, whenever required, a
      further pension of such amount which together with the member's  annuity
      shall  be sufficient to provide him with a retirement allowance equal to
      one-half of  his  annual  compensation  earnable  on  the  date  of  his
      retirement,  or,  in  the  event that such member shall have served as a
      member of the detective division, or on special assignment, for a period
      of a least five years during such service, provided, however, that  such
      member  shall  have  continued his pension contributions on the basis of
      his  highest  annual   compensation,   one-half   the   maximum   annual
      compensation  earned  by him while an officer or member of the uniformed
      force of the police department, housing police force or  transit  police
      force  of  such  city,  whichever  is  greater.  For the purpose only of
      determining the amount of the additional  pension  contribution  by  the
      city  that  may  be  required,  the  member's  annuity, if any, shall be
      computed as it would be, (a) if it were not  reduced  by  the  actuarial
      equivalent  of any outstanding loan, (b) if it were not increased by the
      actuarial equivalent of any additional contributions, (c) if it were not
      reduced by reason of the  member's  election  to  decrease  his  annuity
      contributions  in order to apply the amount of such reduction in payment
      of his contributions for old-age and survivors insurance  coverage,  (d)
      as it would be without any optional modification.
        3.  Where  a  city-maintained  pension  plan  or retirement system for
      officers or members of the uniformed force of the police  department  of
      such  city provides for disability retirement, such retirement allowance
      shall be computed on the basis of the annual  compensation  earnable  on
      the date of the retirement for disability of any member.
        4.   Where  additional  retirement  benefits  are  payable  under  the
      city-maintained pension plan or retirement system, or are required to be
      paid pursuant to section two  hundred  seven-d  of  this  chapter,  such
      additional  benefits  shall  be  paid, for service in addition to and in
    
      excess of the minimum service requirements, in addition to  the  minimum
      retirement benefits required to be paid by this section.
        5.  The  provisions  of this section shall not apply to members of the
      New York state policemen's and firemen's retirement system.
        * NB There are 2 § 207-e's