2006 New York Code - Fire Officers\' Variable Supplements Fund.



 
    §  13-393 Fire officers' variable supplements fund. a. There is hereby
  established  a  fund,  to  be  known  as  the  fire  officers'  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,  13-335.2  and  13-335.3 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  fire  officers'
  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 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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