160 – Short Title of Article.
§ 160. Short title of article. This article shall be known and may be cited as the “Supplemental Pension Act”.
161 – Definitions.
§ 161. Definitions. As used in this article: 1. The term “state retired employee” shall mean a person who shall have retired prior to July first, nineteen hundred sixty-one, and receives as a result of such retirement, a retirement allowance or pension from any state administered and operated retirement or pension plan or system, which […]
162 – Retired Employees and Certain Widows and Dependents Eligible for Supplemental Pensions.
§ 162. Retired employees and certain widows and dependents eligible for supplemental pensions. 1. State retired employees and state retired teachers shall be entitled to receive, one month after such retirement, monthly supplemental pension payments as provided in this article. 2. Any municipality is hereby authorized and empowered to adopt and amend a local law, […]
163 – Computation of Supplemental Pensions.
§ 163. Computation of supplemental pensions. 1. The monthly supplemental pension to be paid to a state retired employee shall be computed by (a) multiplying by forty (or forty-three and two-fifths in a case where a retired employee may under this act receive a maximum retirement allowance or pension, computed without optional modification, of thirteen […]
164 – Payment of Supplemental Pensions.
§ 164. Payment of supplemental pensions. On or before the last day of each month, there shall be paid to each state retired employee and state retired teacher, from the supplemental pension fund, the monthly supplemental pension payment to which he may be entitled under the provisions of this article.
165 – Rules and Regulations.
§ 165. Rules and regulations. The comptroller shall prescribe such rules and regulations as may be required for the effective administration of the provisions of this article relating to supplemental pension payments to state retired teachers and state retired employees.
166 – Information to Be Furnished to Comptroller.
§ 166. Information to be furnished to comptroller. The comptroller shall have authority to require any department or agency of the state to furnish him with such records, information and data as he may need to carry out the provisions of this article.
167 – Supplemental Pension Fund.
§ 167. Supplemental pension fund. 1. There is hereby established a special fund to be known as the supplemental pension fund. Such fund shall consist of such moneys as may be appropriated thereto by the legislature, and all other moneys received for such fund from any other source pursuant to law. 2. Subject to the […]
168 – Reimbursement for Payments to State Retired Teachers.
§ 168. Reimbursement for payments to state retired teachers. As soon as practicable after the close of each fiscal year of the state, the comptroller shall certify to the commissioner of education a statement of the total amount paid out by him during such fiscal year to state retired teachers pursuant to this article. Such […]
169 – Reimbursement by Participating Employers for Payments to Certain State Retired Employees.
§ 169. Reimbursement by participating employers for payments to certain state retired employees. 1. Each participating employer of the New York state employees’ retirement system, as defined in subdivision twenty of section two of this chapter, shall contribute to the cost of providing supplemental pension payments to those state retired employees who retire from service […]
170 – Reimbursement of Supplemental Pension Fund by the State.
§ 170. Reimbursement of supplemental pension fund by the state. The comptroller shall include with his budget estimate furnished to the governor for each fiscal year amounts estimated by him to be sufficient to reimburse the supplemental pension fund for: (a) the cost of providing supplemental pension payments during the current fiscal year to all […]
171 – Restriction on Use of Retirement or Pension Funds.
§ 171. Restriction on use of retirement or pension funds. No moneys belonging to any publicly administered and operated retirement or pension system or plan shall be appropriated or used for any purpose, or for any payment, authorized or required by this article.
172 – Effect of Unconstitutionality in Part.
§ 172. Effect of unconstitutionality in part. If any clause, sentence, paragraph, subdivision, section or part of this article shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair or invalidate the remainder thereof, but shall be confined in its operation to the clause, sentence, paragraph, subdivision, […]
173 – References in Laws and Documents.
§ 173. References in laws and documents. Reference in any general, special or local law, rule, regulation or public document to an existing section, subdivision or other provision of the supplemental pension act, as in force immediately prior to July first, nineteen hundred fifty-six, shall be deemed and construed to refer to the corresponding section, […]