2006 New York Code - Firefighters\' Variable Supplements Fund.



 
    §  13-383  Firefighters' variable supplements fund. a. There is hereby
  established  a  fund,  to  be  known  as  the   firefighters'   variable
  supplements  fund. Such fund shall consist of such monies as may be paid
  thereto from pension fund subchapter two, pursuant to the provisions  of
  sections  13-335  and  13-335.1  of  this  chapter  and all other monies
  received by such fund from any other source pursuant to law.
    b. It is hereby declared by the  legislature  that  the  firefighters'
  variable  supplements  fund  shall not be, and shall not be construed to
  constitute, a pension or retirement system or fund, and  that  it  shall
  function  as  a  means  whereby  payments, not constituting a pension or
  retirement allowance, shall be made in accordance with the provisions of
  this subchapter, to eligible pension fund beneficiaries as a  supplement
  to  benefits  received by them under subchapter one or subchapter two of
  this chapter. The legislature hereby reserves to the state of  New  York
  and  itself the right and power to amend, modify or repeal any or all of
  the provisions of this subchapter.

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