§ 192 — Supplemental retirement allowances of retired employees

New York § 192

• Jurisdiction: New York
• Law RSS: Retirement & Social Security
• Art. 6: Supplemental Retirement Allowance Act

Text

§ 192. Supplemental retirement allowances of retired employees.\nNotwithstanding any other provision of the retirement and social\nsecurity law, any state retired employee or state retired teacher, as\ndefined by section one hundred ninety-one of this article, who, unless\nretired for disability, had at least five years of credited service at\nthe time of his retirement, shall be entitled to a supplemental pension\npayment to be known as a supplemental retirement allowance payable\nannually in monthly installments in accordance with the following\nprovisions of this section:\n a. The supplemental retirement allowance provided for herein shall be\na percentage of the retirement allowance, computed without optional\nmodification, based on the year of his retirement, in accordance with\nthe schedule hereinafter set forth, provided, however, that no\nsupplemental retirement allowance shall:\n (1) Exceed one thousand five hundred dollars per year, nor\n (2) Together with the retirement allowance computed without optional\nmodification, and the primary benefit obtained under the federal old-age\nsurvivors, and disability insurance system, exceed four thousand dollars\na year, nor\n (3) In the case of any person under the age of sixty-two retired for\ndisability, together with the retirement allowance computed without\noptional modification, the primary benefit obtained under the federal\nold-age, survivors, and disability insurance system, and any earnings as\nthe result of his own employment including self employment, exceed four\nthousand dollars a year, nor\n (4) In the case of state retired employees, be paid for that portion\nof the annuity based on additional contributions made pursuant to\nsection twenty-one (i) of the retirement and social security law, or\nsection fifty-eight of the civil service law since repealed, nor, in the\ncase of state retired teachers, that portion of the annuity based on\nadditional contributions made pursuant to subdivision three of section\nfive hundred sixteen of the education law, nor\n (5) Be paid to any state retired employee or state retired teacher for\nany period during which he returns to service with the state or a\npolitical subdivision thereof other than service in employment\nauthorized by section two hundred eleven, section two hundred twelve or\nsection two hundred fourteen of this chapter.\n b. The supplemental retirement allowance shall be computed in\naccordance with the following schedule:\nYEAR OF RETIREMENT PER CENTUM\n1961 or thereafter none\n1960 three\n1959 five\n1958 six\n1957 nine\n1956 thirteen\n1955 fifteen\n1954 fifteen\n1953 fifteen\n1952 sixteen\n1951 eighteen\n1950 twenty-eight\n1949 twenty-eight\n1948 twenty-eight\n1947 thirty-eight\n1946 fifty-eight\n1945 seventy-two\n1944 seventy-six\n1943 seventy-nine\n1942 ninety\n1941 one-hundred-eleven\n1940 one-hundred-twenty-two\nPrior to 1940 one-hundred-twenty-two\n c. Any such retired employee already receiving a supplemental pension\nunder other provisions of the retirement and social security law shall\ncontinue to receive such supplemental pension or shall receive the\nsupplemental retirement allowance provided under this section, whichever\nshall be greater.\n