New York Retirement and Social Security Code § 163

Computation of supplemental pensions
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§ 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 exceed\n  (a) twenty-five dollars, or thirty-three dollars and fifty cents in\nany case where the maximum under paragraph (b) of this subdivision is\none hundred eight dollars and fifty cents, or\n  (b) an amount which, when added to an amount equal to one-twelfth of\nhis annual retirement allowance or pension, computed without optional\nmodification, exceeds\n  (1) the sum of one hundred dollars, or\n  (2) one hundred eight dollars and fifty cents, in the case of a state\nretired employee who attained age sixty-five before April first,\nnineteen hundred fifty-six, or who attains such age on or after such\ndate, beginning with the month of April nineteen hundred fifty-six, if\nhe is then sixty-five years of age or beginning with the month\nthereafter during which he attains age sixty-five, or who is a female\nperson who attained age sixty-two before April first, nineteen hundred\nfifty-seven, or who attains such age on or after such date, beginning\nwith the month of April nineteen hundred fifty-seven, if she is then\nsixty-two years of age or beginning with the month thereafter during\nwhich she attains age sixty-two, or is retired for disability, either\nbefore or after attaining age fifty, and who attained such age before\nApril first, nineteen hundred fifty-seven, or who attains such age on or\nafter such date, beginning with the month of April nineteen hundred\nfifty-seven, if he is then fifty years of age or beginning with the\nmonth thereafter during which he attains age fifty, or\n  (3) one hundred eight dollars and fifty cents, in the case of a local\nretired employee, where the municipality shall have provided by local\nlaw, ordinance or resolution for payments up to such sum for local\nretired employees who attained age sixty-five before April first,\nnineteen hundred fifty-six, or who attain such age on or after such\ndate, beginning with the month when such local law, ordinance or\nresolution shall become effective, if such local retired employee is\nthen sixty-five years of age or beginning with the month thereafter\nduring which he attains age sixty-five, or who are female persons who\nattained age sixty-two before April first, nineteen hundred fifty-seven,\nor who attain such age on or after such date, beginning with the month\nwhen such local law, ordinance or resolution shall become effective, if\nsuch local retired employee is then sixty-two years of age or beginning\nwith the month thereafter during which she attains age sixty-two, or who\nare retired for disability, either before or after attaining age fifty,\nand who attained age fifty before April first, nineteen hundred\nfifty-seven, or who attain such age on or after such date, beginning\nwith the month when such local law, ordinance or resolution shall become\neffective, if such local retired employee is then fifty years of age or\nbeginning with the month thereafter during which she attains age fifty.\n  3. Except as otherwise provided by or pursuant to subdivision five or\nsubdivision six of this section, the monthly supplemental pension to be\npaid to a state retired teacher shall be twenty-five dollars plus the\namount, if any, by which one-twelfth of his annual reti

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