Legislation

Search OpenLegislation Statutes
This entry was published on 2019-01-11
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 207-E
Minimum retirement benefits for police officers in cities and who are members of police pension or retirement systems maintained by such ...
General Municipal (GMU) CHAPTER 24, ARTICLE 10
* § 207-e. Minimum retirement benefits for police officers in cities
and who are members of police pension or retirement systems maintained
by such cities. 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 and local police and fire retirement system.

* NB There are 2 § 207-e's