§ 58-11. Supplemental retirement allowance increase.  


Latest version.
  • Notwithstanding any other provisions of the Police Pension Fund, the supplemental retirement allowance heretofore provided for the local retired members of the police force is hereby increased pursuant to the per centum outlined in Subdivision b of § 78 of the Retirement and Social Security Law. Such supplemental retirement allowance shall be computed on the basis of the first $13,500 of such annual retirement allowance and shall be payable commencing with the payment for the month of July 1999 and continuing through the month of August 2000, unless of Subdivision b of § 78 of the Retirement and Social Security Law is further amended to permit such payments for additional periods of time, and, in such event, the increase in the supplemental retirement allowance payment provided for herein shall continue during such extended periods.
    [Enacted by Local Law No. 5-1978 (October 17, 1978); amended by Local Law No. 1-1980 (January 15, 1980); Local Law No. 1-1981 (September 15, 1981); Local Law No. 5-1983 (November 22, 1983); Local Law No. 2-1987 (December 8, 1987); Local Law No. 6-1999 (May 18, 1999).]