The bill amends the Second Class City Firemen Relief Law, originally enacted on May 25, 1933, to update provisions regarding membership requirements, pensions for surviving spouses, and eligibility for surviving children. Key changes include the requirement for individuals eligible for membership to sign an acceptance of the act's provisions, which includes relinquishing rights to the fund upon resignation or dismissal. Additionally, the bill specifies that contributions to the fund will be six percent of monthly wages, with beneficiaries required to pay a monthly fee of one dollar. It also establishes that upon the death of a member in active service, their widow will receive monthly payments equal to fifty percent of the member's salary, supplemented by any workers' compensation benefits.

Significant deletions from the existing law include the removal of conditions that would terminate payments to widows upon remarriage and the stipulation that payments to dependent parents would only occur if there were no surviving children or widow. The bill ensures that payments to dependent children will continue until they reach eighteen years of age or marry, and it allows for indefinite payments to dependent incompetent children. Overall, the amendments aim to provide clearer guidelines for the distribution of benefits to surviving family members of deceased fire department employees. The act is set to take effect 60 days after its passage.