NY Ret & SS L § 78 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 2 - New York State Employees' Retirement System Title 8 - General Provisions Relating to Retirement; Retirement Plans Applicable to Members Generally 78 - Supplemental Retirement Allowance.

§ 78. Supplemental retirement allowance.  a. A supplemental retirement   allowance  shall be paid to pensioners of the retirement system who have   retired prior to the calendar year nineteen  hundred  ninety-four.  Such   supplemental retirement allowance shall be payable on the basis provided   for  herein,  commencing  with  a  payment  for  the month of September,   nineteen hundred ninety-nine and continuing through the month of August,   two thousand.    Said  supplemental  retirement  allowance  shall  be  a   percentage  of  the  retirement  allowance  otherwise  payable, computed   without optional modification. Said percentage, for each  calendar  year   of  retirement,  is  set  forth  in  subdivision b of this section. Said   supplemental retirement allowance shall be computed on the basis of  the   first  fourteen thousand dollars of such annual retirement allowance and   shall  be  payable  commencing   September   first,   nineteen   hundred   ninety-nine to all disability pensioners and recipients of an accidental   death  benefit,  and to other pensioners who have attained age sixty-two   or who have been retired for ten or more years  and  have  attained  age   fifty-five.b.  in calculating the supplemental retirement allowance in accordance   with subdivision a of this section, the following  percentages  will  be   used for each calendar year of retirement, as appropriate:    Calendar year of retirement         Percentage    1993                                1.5   1992                                1.5   1991                                1.5   1990                                1.5   1989                                2.8   1988                                3.7   1987                                4.5   1986                                5.5   1985                                6.3   1984                                7.4   1983                                8.3   1982                               10.5   1981                               12.5   1980                               15.6   1979                               19.9   1978                               25.4   1977                               30.3   1976                               37.8   1975                               42.5   1974                               54.0   1973                               73.0   1972                               86.0   1971                               96.7   1970                              105.0   1969                              141.8   1968                              169.0   1967                              195.9   1966                              203.7   1965                              230.5   1964                              254.5   1963                              278.6   1962                              310.0   1961                              330.0   1960                              340.0   1959                              390.0    1958                              427.3   1957                              442.3   1956                              460.2   1955                              468.6   1954                              466.5   1953                              470.7   1952                              475.0   1951                              486.1   1950                              532.3   1949                              540.3   1948                              532.3   1947                              583.4   1946                              681.5   1945                              746.6   1944                              765.9   1943                              780.9   1942                              834.9   1941                              936.7   1940                              988.5   1939                              996.4   1938                              980.8   1937                              958.3   1936                              996.4   1935                             1012.4   1934                             1037.3   1933                             1072.3   1932                             1012.4   1931                              902.6   1930                              812.5c.  The  supplemental retirement allowance shall be rounded off to the   nearest dollar.d. The benefits hereinabove provided for  shall  be  in  lieu  of  the   benefits  presently  provided  by  articles four and six of this chapter   unless such benefits are in excess of those provided by this section, in   which latter case such benefits shall be paid by the  retirement  system   pursuant to this section.e. Contributions shall be made to the pension accumulation fund by, or   on account of, the state and each participating employer at a rate fixed   by  the actuary, which shall be computed to be sufficient to provide the   benefits established by this section.f. The supplemental retirement allowance authorized  by  this  section   shall  also  be  paid  in  the  same  manner set forth above to a person   sixty-two years of age or older who is retired, or  any  person  retired   for  disability  regardless of age, or any spouse qualifying pursuant to   subdivision h of  this  section,  and  who  receives,  as  a  result,  a   retirement allowance or pension from any state administered and operated   retirement  or  pension  plan or system, not including, however, the New   York state teachers retirement system.g. The cost of providing supplemental  retirement  allowance  payments   pursuant to subdivision f of this section shall be paid from the pension   accumulation fund.h.  Notwithstanding  any  other  provision of law, (i) the spouse of a   deceased pensioner, who had elected one of the options pursuant to  this   chapter which provides that benefits are to be continued for the life of   such  spouse  after  the death of the pensioner, or (ii) the spouse of a   deceased pensioner who had provided pursuant to a closed  local  pension   plan  which  was subsequently assumed by the state, that benefits are to   be continued for the  life  of  such  spouse  after  the  death  of  the    pensioner,   shall   be  entitled  to  receive  a  monthly  supplemental   retirement  allowance  pursuant  to  this  subdivision.   Said   monthly   supplemental  retirement  allowance shall be equal in amount to one-half   of  the  monthly  supplemental  retirement allowance which the pensioner   would be receiving if living, and shall commence upon the death  of  the   pensioner.