BILL NUMBER: S7528
SPONSOR: SCARCELLA-SPANTON
 
TITLE OF BILL:
An act to amend the administrative code of the city of New York, in
relation to extending the benefits of the variable supplements fund for
transit police members of the New York city employees' retirement system
 
PURPOSE OR GENERAL IDEA OF BILL:
Relates to extending the benefits of the variable supplements fund for
transit police members of the New York City employees' retirement
system.
 
SUMMARY OF PROVISIONS:
This legislation amends the definition of "Beneficiary" as put forth in
paragraphs (c) of subdivisions 1-of section 13191, and as amended by
Chapter 577 of the Laws of 1992, of the Administrative Code of the City
of New York to extend the benefits of the variable supplements fund to
all New York City Transit Police who receive a retirement allowance by
reason of having retired, on or after October 1, 1968, for service.
 
JUSTIFICATION:
Former members of NYC Transit. Police that retired from service after
June 30, 1987 'presently receive a supplemental benefit from the Vari-
able Supplements Fund. (hereinafter referred to as the ("VSF"). The VSF
was enacted into law due to a fact-finder's award in 1970 and was grant-
ed to members of the NYC Police and Fire pension funds who retired for
service after October 1, 1968.
In the mid-1960s, members of the Transit Police were granted and given
pay and retirement benefit parity. However, the VSF was not stowed upon
similarly situated members of the department until legislation was
enacted effectively after July 1, 1987. As a result, members were at
parties until unjustly removed on July 24, 1992, as beneficiaries. As a
matter of equity and fairness, the VSF should be granted to all members
of the Transit Police who retired from service after October 1, 1968.
 
PRIOR LEGISLATIVE HISTORY:
2006: A.4978
2007-08: A.9055
2009-10: A.9102A
2011-12: A.9670
2019-20: A,10324/S.8306
2021-22: A.6697
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
Please see 2025 fiscal note.
 
EFFECTIVE DATE:
This act shall take effect immediately.