2006 New York Code - Retirement Allowances; For Accident Disability.



 
    §  13-175  Retirement  allowances;  for  accident  disability. a. Upon
  retirement for accident disability, a member shall receive a  retirement
  allowance which shall consist of:
    1.  An  annuity, which shall be the actuarial equivalent of his or her
  accumulated deductions, if any, at the time of his  or  her  retirement;
  and
    2.   A   pension-providing-for-increased-take-home-pay  which  is  the
  actuarial equivalent of the reserve-for-increased-take-home-pay to which
  he or she may then be entitled, if any; and
    3. A pension of three-quarters of his or her  final  compensation,  in
  addition  to  the  annuity, if any, and pension, if any, provided for by
  paragraphs one and two of this subdivision a.
    b. Notwithstanding the provisions of subdivision a of this section,  a
  sanitation  member, when retired for accident disability, shall receive,
  in lieu of the retirement allowance provided for  by  subdivision  a  of
  this section, a retirement allowance consisting of:
    1.  An  annuity  which shall be the actuarial equivalent of his or her
  accumulated deductions at the time of his or her retirement; and
    2.  A  pension-providing-for-increased-take-home-pay  which   is   the
  actuarial equivalent of the reserve-for-increased-take-home-pay to which
  he or she may then be entitled, if any; and
    3.  A  pension  equal  to three-fourths of his or her annual salary or
  compensation when so retired; and
    4. If such member is eligible to retire for service when  so  retired,
  then         in         addition         to         the         annuity,
  pension-providing-for-increased-take-home-pay and pension  provided  for
  in paragraphs one, two and three of this subdivision b:
    (a)  A  pension  equal  to  one  per cent of his or her average annual
  compensation  or  salary  from  the  date  of  eligibility  for  service
  retirement to the date of his or her retirement for accident disability,
  multiplied by the number of years of city-service credited to him or her
  in  excess of the number of such years credited as of the date of his or
  her eligibility for service retirement; and
    (b) For city-service rendered by him or her  as  a  sanitation  member
  both  after  eligibility  for  service  retirement and on and after July
  first, nineteen hundred sixty-seven, which is credited to him or her,  a
  pension  equal  to  one-half  per  cent  of  his  or  her average annual
  compensation  or  salary  from  the  date  of  eligibility  for  service
  retirement to the date of his or her retirement for accident disability,
  multiplied  by  the  number  of such years of city-service rendered as a
  sanitation member both after  eligibility  for  service  retirement  and
  after July first, nineteen hundred sixty-seven.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.