Article 4 - None

Section 13-671

Section 13-671

  §  13-671 Definitions. As used in this article: The term "fire retired
employee" shall mean any person who was retired for service on or  after
April  eighth,  nineteen  hundred sixty and prior to May first, nineteen
hundred and sixty-three, or retired for disability  on  or  after  April
eighth,  nineteen hundred sixty and prior to May first, nineteen hundred
sixty-four and receives, as a result of such  retirement,  a  retirement
allowance  or pension from a retirement or pension system or plan of the
city for members of the uniformed force of the fire department.

Section 13-672

Section 13-672

  §   13-672   Supplemental   retirement  allowances.  a.  Fire  retired
employees.  Notwithstanding any other provision of law, any fire retired
employee shall be entitled to a supplemental pension payment to be known
as a supplemental retirement  allowance  payable  annually,  in  monthly
installments  in  an  amount  which, together with pension or retirement
allowance (exclusive of extra service  increments  granted  pursuant  to
section  13-358  of  this  title or any other similar provision of law),
received by such fire retired employee, shall be equal  to  one-half  of
his  or  her  annual  compensation  earned  at  the  date  of his or her
retirement if retired for service, and provided,  however,  if  disabled
fire  retired  employee,  the  retirement  allowance or pension shall be
computed on the basis of annual compensation earnable  on  the  date  of
retirement for disability of such employee pursuant to the provisions of
section  13-362  or  13-364  of  subchapter two of chapter three of this
title.
  b. For the purpose  only  of  determining  the  amount  of  additional
pension  contribution  by  the city that may be required to provide said
person with a retirement allowance equal to the one-half of his  or  her
annual  compensation  earned  on  the  date of his or her retirement for
service retirement or to provide a disabled fire retired employee with a
retirement allowance  computed  on  the  basis  of  annual  compensation
earnable  on  the date of the retirement for disability of such employee
pursuant to the provisions of sections 13-362 and 13-364  of  subchapter
two  of  chapter  three  of  this  title,  the person's annuity shall be
computed as it would have been.
  (A) If it  were  not  reduced  by  the  actuarial  equivalent  of  any
outstanding loan,
  (B)  If  it  were  not  increased  by  the actuarial equivalent of any
additional contributions,
  (C) If it were not reduced by  reason  of  the  member's  election  to
decrease  his  or her or her annuity contributions in order to apply the
amount of such reduction in payment of his or her contributions for  old
age and survivors insurance coverage,
  (D) As it would be without any optional modification.
  c. The supplemental retirement allowances provided for in this article
shall  not  be  paid  to any fire retired employee for any period during
which  the  pension  or  retirement  allowances  of  such  fire  retired
employee, or any part thereof is forfeited or suspended pursuant to law.

Section 13-673

Section 13-673

  §  13-673  Payment of supplemental retirement allowances. On or before
the last day of each month, there shall be paid  to  each  fire  retired
employee,  from  the supplemental pension fund, the monthly supplemental
retirement allowance payment to which he or she may  be  entitled  under
the provisions of this article provided.

Section 13-674

Section 13-674

  §   13-674   Rules   and   regulations.   The  board  of  estimate  on
recommendation  of  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 retirement allowance
payments to fire retired employees.

Section 13-675

Section 13-675

  §  13-675  Information to be furnished to comptroller. The comptroller
shall have authority to require any department or agency of the city  to
furnish  him or her with such records, information and data as he or she
may need to carry out the provisions of this article.

Section 13-676

Section 13-676

  §  13-676  Supplemental  pension  fund.  As  used in this article, the
supplemental pension fund is the special fund  as  provided  by  section
13-650 of this chapter.

Section 13-677

Section 13-677

  §  13-677  Reimbursement of supplemental pension fund by the city. The
comptroller shall include with his  or  her  budget  estimate  for  each
fiscal  year  amounts  estimated  by  him  or  her  to  be sufficient to
reimburse the supplemental  pension  fund  for  the  cost  of  providing
supplemental  retirement  allowance  payments  during the current fiscal
year to all fire retired employees.

Section 13-678

Section 13-678

  § 13-678 Restrictions on use of retirement or pension funds. No monies
belonging  to  any  retirement  or  pension  system  or  plan  shall  be
appropriated or used for any purposes, or for any payment authorized  or
required by this article.

Section 13-679

Section 13-679

  §  13-679  Limitations  on  obligations.  The  supplemental retirement
allowances provided  pursuant  to  this  article  shall  not  constitute
membership  in a pension or retirement system, nor shall the granting of
such allowances create a contractual relationship between the  city  and
any  fire  retired  employee. The payments authorized under this article
shall not be retroactive.