2006 New York Code - City Supplemental Pension Fund.



 
    §   13-650   City  supplemental  pension  fund.  1.  There  is  hereby
  established a special fund to be known as the city supplemental  pension
  fund.  Such  fund  shall  consist  of such monies as may be appropriated
  thereto by the city and all other monies received for such fund from any
  other source pursuant to law.
    2. The city supplemental pension fund shall be under the  jurisdiction
  and  control  of the comptroller, who shall be the custodian thereof. He
  or she shall submit annually reports to the board of  estimate  or  more
  often,  if  requested  by the board. The fund shall be held separate and
  apart from any other funds or monies of  the  city  and  shall  be  used
  exclusively  for  the  purpose  of  making  city supplemental pension or
  supplemental  retirement  allowance  payments  as   provided   in   this
  subchapter. The comptroller shall have power to invest and keep invested
  monies in the fund within the limits prescribed for investment under the
  state  insurance  law.  Monies  of the fund shall be paid out only after
  audit by and on warrant of the comptroller.

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