Legislation
SECTION 243-B*2
Payment of certain pension contributions by the city of New York
Military (MIL) CHAPTER 36, ARTICLE 11
* § 243-b. Payment of certain pension contributions by the city of New
York. As used in this section, the term New York city veteran of the
Persian Gulf emergency means a member of the New York city employees'
retirement system, the teachers' retirement system of the city of New
York, the New York city police pension fund, the New York city fire
department pension fund, or the board of education retirement system of
the city of New York, who is a member of a reserve component of the
armed forces of the United States ordered to active duty on or after
August first, nineteen hundred ninety and prior to January first,
nineteen hundred ninety-three, in response to the nation's military
mission in the Persian Gulf, who is not receiving full salary from a
participating employer, and who is otherwise eligible to receive
retirement service credit in any of such systems or funds for active
duty pursuant to section two hundred forty-two or two hundred
forty-three of this article, or pursuant to the federal Veterans'
Reemployment Rights Act.
Notwithstanding any other provision of law, all benefits payable by a
retirement system or pension fund to a New York city veteran of the
Persian Gulf emergency due to the retirement or death of such member
shall be calculated as though such member had actually paid the amount
of all contributions, together with applicable interest thereon, which
such member would have been required to make if, during the period of
active duty, because of such Persian Gulf emergency, such member had
been present and continuously performed the duties of the position held
at the time of his or her entry into active duty.
Each such member shall be credited with such contributions made on his
or her behalf. The applicable interest thereon shall be calculated as to
each such member under the applicable provisions of law governing the
crediting of interest to employee contributions for each such member.
Notwithstanding any other provision of law, any additional liability
attributable to this section shall be paid into the retirement system or
pension fund by participating employers at such times and in such
amounts as determined by the actuary in a manner consistent with
appropriate actuarial methodology.
* NB There are 2 § 243-b's
York. As used in this section, the term New York city veteran of the
Persian Gulf emergency means a member of the New York city employees'
retirement system, the teachers' retirement system of the city of New
York, the New York city police pension fund, the New York city fire
department pension fund, or the board of education retirement system of
the city of New York, who is a member of a reserve component of the
armed forces of the United States ordered to active duty on or after
August first, nineteen hundred ninety and prior to January first,
nineteen hundred ninety-three, in response to the nation's military
mission in the Persian Gulf, who is not receiving full salary from a
participating employer, and who is otherwise eligible to receive
retirement service credit in any of such systems or funds for active
duty pursuant to section two hundred forty-two or two hundred
forty-three of this article, or pursuant to the federal Veterans'
Reemployment Rights Act.
Notwithstanding any other provision of law, all benefits payable by a
retirement system or pension fund to a New York city veteran of the
Persian Gulf emergency due to the retirement or death of such member
shall be calculated as though such member had actually paid the amount
of all contributions, together with applicable interest thereon, which
such member would have been required to make if, during the period of
active duty, because of such Persian Gulf emergency, such member had
been present and continuously performed the duties of the position held
at the time of his or her entry into active duty.
Each such member shall be credited with such contributions made on his
or her behalf. The applicable interest thereon shall be calculated as to
each such member under the applicable provisions of law governing the
crediting of interest to employee contributions for each such member.
Notwithstanding any other provision of law, any additional liability
attributable to this section shall be paid into the retirement system or
pension fund by participating employers at such times and in such
amounts as determined by the actuary in a manner consistent with
appropriate actuarial methodology.
* NB There are 2 § 243-b's