New York Statutes

§ 163 — Computation of supplemental pensions

New York·Law RSS Retirement & Social Security·Art. 4 Supplemental Pension Act

§ 163. Computation of supplemental pensions.

1.The monthly\nsupplemental pension to be paid to a state retired employee shall be\ncomputed by\n (a) multiplying by forty (or forty-three and two-fifths in a case\nwhere a retired employee may under this act receive a maximum retirement\nallowance or pension, computed without optional modification, of\nthirteen hundred and two dollars) the number of years, not exceeding\nthirty, of allowable and credited service on which his retirement\nallowance or pension is based,\n (b) subtracting therefrom the amount of his annual retirement\nallowance or pension, computed without optional modification, and\n (c) dividing the results so obtained by twelve.\n 2. In no event shall the monthly supplemental pension paid to a state\nretired employee ex

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