This bill amends the Second Class City Firemen Relief Law, originally enacted on May 25, 1933, to update provisions regarding membership requirements, pensions for surviving spouses, and eligibility criteria for beneficiaries. 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. The bill also stipulates that active members must contribute six percent of their monthly wages to the fund, with additional contributions from beneficiaries. In the event of a member's death in active service, the bill outlines specific payments to be made to the member's widow or designated beneficiaries, including monthly sums that, combined with workers' compensation benefits, equal fifty percent of the member's salary at the time of death.

Furthermore, the bill modifies the provisions related to surviving spouses and dependent children. It removes the stipulation that payments to surviving spouses terminate upon remarriage, allowing them to continue receiving benefits until their death. In cases where there is no surviving spouse, the bill allows for payments to dependent children until they reach eighteen years of age or marry. Additionally, it ensures that if there are no surviving children or spouse, dependent parents may receive the payments that would have been allocated to the widow. The act is set to take effect 60 days after its passage.