2006 New York Code - Composition Of Fund.

 
    §  13-603  Composition  of  fund.  The  relief and pension fund of the
  department of street cleaning shall consist of the following:
    1.  The  capital,  interest,  income,   dividends,   cash,   deposits,
  securities  and  credits  in  such  fund  on  the  first day of January,
  nineteen hundred thirty-eight.
    2. A sum of money equal to, but no greater than, three per cent of the
  weekly or monthly pay, salary or compensation of each member, which  sum
  shall  be  deducted,  weekly  or  monthly,  as  the  case may be, by the
  comptroller from the pay, salary or  compensation,  of  each  and  every
  member,  and  such  comptroller  is  hereby  authorized,  empowered  and
  directed to deduct such sum of money, and to pay the same monthly to the
  treasurer and trustee of the relief and pension fund of  the  department
  of street cleaning.
    3.  All  money,  pay,  compensation  or  salary,  or any part thereof,
  forfeited, deducted or withheld from any member  on  account  of  fines,
  suspensions  or  absence  for any cause, loss of time, sickness or other
  disability, physical or mental, to be paid monthly by the comptroller to
  the treasurer and trustee of such fund, except in the case of a sweeper,
  driver, or other employee who may have  been  sick  or  absent  for  any
  cause,  and  whose position has been filled by an extra sweeper, driver,
  or other temporary employee, to whom compensation has been paid.
    4. All moneys received for the privilege of scow trimming or assorting
  of refuse at the various dumps in the city, or at any other place  where
  refuse may be disposed of.
    5.  All moneys received from the sale of steam or house ashes, garbage
  and refuse, collected by the department of sanitation,  and  any  moneys
  that  may  be  received  for  the disposal of such steam or house ashes,
  garbage or refuse.
    6. So much of the proceeds of  sales  of  unharnessed  trucks,  carts,
  wagons and vehicles of any description, and of all boxes, barrels, bales
  or  other  merchandise,  or  other movable property, found in any public
  street or place and removed therefrom by the commissioner of  sanitation
  under  any  provision of law authorizing such commissioner to remove and
  to sell such incumbrances, as exceeds the necessary expense of the sales
  of such condemned property or unredeemed incumbrances and which is  not,
  under  such  provision of the law, paid to the lawful owner or owners of
  such incumbrances sold, and all moneys  collected  for  the  release  of
  merchandise, unharnessed vehicles or movable property so removed.
    7.  All  gifts  or  bequests  which  may  be  made to such fund or the
  commissioner of sanitation as treasurer and trustee of such  fund.  Such
  commissioner  is  hereby  authorized and empowered to take and hold such
  gifts or bequests for the use of such fund.
    8. In case the amount derived from the different sources  included  in
  this  section  shall not be sufficient at any time to enable the trustee
  of the fund to pay in full the pensions which have  been  or  which  may
  hereafter  be  granted,  it  shall  be  the  duty of the commissioner of
  sanitation each year at the time of making up the departmental estimate,
  to prepare a full and detailed statement of the assets of such fund  and
  the  amount  which  is required to pay in full all such pensions, and to
  present the same  to  the  director  of  the  budget,  together  with  a
  statement  of  the amount of money required to enable such treasurer and
  trustee to pay such pensions in full. There shall be  included  annually
  in  the  budget  a  sum  sufficient  to provide for such deficiency. The
  comptroller shall pay over the money so provided to the trustee  of  the
  relief and pension fund.