§ 78 — Supplemental retirement allowance

§ 78. Supplemental retirement allowance. a. A supplemental retirement\nallowance shall be paid to pensioners of the retirement system who have\nretired prior to the calendar year nineteen hundred ninety-four. Such\nsupplemental retirement allowance shall be payable on the basis provided\nfor herein, commencing with a payment for the month of September,\nnineteen hundred ninety-nine and continuing through the month of August,\ntwo thousand. Said supplemental retirement allowance shall be a\npercentage of the retirement allowance otherwise payable, computed\nwithout optional modification. Said percentage, for each calendar year\nof retirement, is set forth in subdivision b of this section. Said\nsupplemental retirement allowance shall be computed on the basis of the\nfirst fourteen thousand dollars of such annual retirement allowance and\nshall be payable commencing September first, nineteen hundred\nninety-nine to all disability pensioners and recipients of an accidental\ndeath benefit, and to other pensioners who have attained age sixty-two\nor who have been retired for ten or more years and have attained age\nfifty-five.\n b. in calculating the supplemental retirement allowance in accordance\nwith subdivision a of this section, the following percentages will be\nused for each calendar year of retirement, as appropriate:\nCalendar year of retirement Percentage\n1993 1.5\n1992 1.5\n1991 1.5\n1990 1.5\n1989 2.8\n1988 3.7\n1987 4.5\n1986 5.5\n1985 6.3\n1984 7.4\n1983 8.3\n1982 10.5\n1981 12.5\n1980 15.6\n1979 19.9\n1978 25.4\n1977 30.3\n1976 37.8\n1975 42.5\n1974 54.0\n1973 73.0\n1972 86.0\n1971 96.7\n1970 105.0\n1969 141.8\n1968 169.0\n1967 195.9\n1966 203.7\n1965 230.5\n1964 254.5\n1963 278.6\n1962 310.0\n1961 330.0\n1960 340.0\n1959 390.0\n1958 427.3\n1957 442.3\n1956 460.2\n1955 468.6\n1954 466.5\n1953 470.7\n1952 475.0\n1951 486.1\n1950 532.3\n1949 540.3\n1948 532.3\n1947 583.4\n1946 681.5\n1945 746.6\n1944 765.9\n1943 780.9\n1942 834.9\n1941 936.7\n1940 988.5\n1939 996.4\n1938 980.8\n1937 958.3\n1936 996.4\n1935 1012.4\n1934 1037.3\n1933 1072.3\n1932 1012.4\n1931 902.6\n1930 812.5\n c. The supplemental retirement allowance shall be rounded off to the\nnearest dollar.\n d. The benefits hereinabove provided for shall be in lieu of the\nbenefits presently provided by articles four and six of this chapter\nunless such benefits are in excess of those provided by this section, in\nwhich latter case such benefits shall be paid by the retirement system\npursuant to this section.\n e. Contributions shall be made to the pension accumulation fund by, or\non account of, the state and each participating employer at a rate fixed\nby the actuary, which shall be computed to be sufficient to provide the\nbenefits established by this section.\n f. The supplemental retirement allowance authorized by this section\nshall also be paid in the same manner set forth above to a person\nsixty-two years of age or older who is retired, or any person retired\nfor disability regardless of age, or any spouse qualifying pursuant to\nsubdivision h of this section, and who receives, as a result, a\nretirement allowance or pension from any state administered and operated\nretirement or pension plan or system, not including, however, the New\nYork state teachers retirement system.\n g. The cost of providing supplemental retirement allowance payments\npursuant to subdivision f of this section shall be paid from the pension\naccumulation fund.\n h. Notwithstanding any other provision of law, (i) the spouse of a\ndeceased pensioner, who had elected one of the options pursuant to this\nchapter which provides that benefits are to be continued for the life of\nsuch spouse after the death of the pensioner, or (ii) the spouse of a\ndeceased pensioner who had provided pursuant to a closed local pension\nplan which was subsequently assumed by the state, that benefits are to\nbe continued for the life of such spouse after the death of the\npensioner, shall be entitled to receive a monthly supplemental\nretirement allowance pursuant to this subdivision. Said monthly\nsupplemental retirement allowance shall be equal in amount to one-half\nof the monthly supplemental retirement allowance which the pensioner\nwould be receiving if living, and shall commence upon the death of the\npensioner.\n