§ 324. Employers' contributions and their use; pension reserve fund.
a. The pension reserve fund shall be the fund from which shall be paid
all pensions and all other benefits, except ordinary death benefits,
payable wholly out of contributions made to the pension accumulation
fund pursuant to this article.

b. When a pension or a pension-providing-for-increased-take-home-pay
becomes payable to or on account of any member, the amount of the
reserve computed by the actuary to be necessary to provide the pension
and the pension-providing-for-increased-take-home-pay, if any, payable
out of the pension reserve fund shall be transferred to the pension
reserve fund from the pension accumulation fund.

c. The comptroller shall transfer from the pension accumulation fund
to the pension reserve fund, from time to time, such amounts as are
necessary under this article.

d. The amount of regular interest to be credited to the monies held in
the pension reserve fund shall be determined after the close of each
fiscal year. Such amount thereupon shall be transferred from the pension
accumulation fund to the pension reserve fund.

e. If a member, retired for any reason, returns to active police or
fire service and again becomes a member of the police and fire
retirement system, his or her pension reserve shall be transferred from
the pension reserve fund to the pension accumulation fund.

f. If the pension of a beneficiary is reduced for any reason, the
amount of such reduction shall be transferred from the pension reserve
fund to the pension accumulation fund during that period that such
reduction is in effect.