2006 New York Code - Minimum Retirement Benefits For Firemen In Cities And Who Are Members Of Fire Department Pension Or Retirement Systems Maintained By Such Cities.
* § 207-e. Minimum retirement benefits for firemen in cities and who
are members of fire department 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 fire department of a
city, and is a member of a fire department pension or retirement system
maintained by such city, and who has completed service as a member of
such city-maintained fire department 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.
2. Where a city-maintained pension plan or retirement system for
officers or members of the uniformed force of the fire department 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. 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 fire 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-b 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 policemen's and firemen's retirement system.
* NB There are 2 § 207-e's
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