§ 58-3. Source of contributions.

The said Police Pension Fund shall consist of:

1. 

All fines imposed by the City Manager or Police Commissioner or Chief of Police upon members of the police force.

2. 

All fees, gifts, testimonials and emoluments that may be presented, paid or given to any member of the police force on account of police service, and 1/2 of all rewards.

3. 

All lost or stolen moneys remaining in the hands of the Police Department for the space of one year and for which there shall be no lawful claimant, and the moneys arising from the sale of unclaimed property which the Police Department is hereby authorized to sell after said property shall have been without a lawful claimant for the space of one year.

4. 

All moneys, pay, compensation or salary or any part thereof forfeited, deducted or withheld from any member of the police force on account of absence from duty or loss of time shall be paid monthly to the treasurer of the Police Pension Fund.

5. 

A sum of money equal to but not greater than 6% of the monthly pay, salary or compensation of each member of the police force, which sum shall be deducted monthly by the Commissioner of Finance of the City of New Rochelle from the pay, salary or compensation of each and every member of the police force, and said Commissioner of Finance of the City of New Rochelle is hereby authorized, empowered and directed to deduct the said sum of money as aforesaid and forthwith pay the same to the treasurer of the trustees of the Police Pension Fund.

[Amended by Local Law No. 3-1964 (June 17, 1964); L.L. No. 5-1971 (November 8, 1971). ]

Editor's Note: Amended at time of adoption of Code (see Ch. 1, General Provisions, Art. II).