§ 13-279 — Police superior officers' variable supplements fund

§ 13-279 Police superior officers' variable supplements fund.

a. There is hereby established a fund, to be known as the police superior officers' variable supplements fund. Such fund shall consist of such monies as may be paid thereto from pension fund, subchapter two, pursuant to the provisions of sections 13-232, 13-232.2 and 13-232.3 of this chapter and all other monies received by such fund from any other source pursuant to law. b. It is hereby declared by the legislature that the police superior officers' variable supplements fund shall not be, and shall not be construed to constitute, a pension or retirement system or fund, and that it shall function as a means whereby payments, not constituting a pension or retirement allowance, shall be made in accordance with the provisions of this subchapter, to eligible pension fund beneficiaries as a supplement to benefits received by them under subchapter one or two of this chapter. The legislature hereby reserves to the state of New York and itself the right and power to amend, modify or repeal any or all of the provisions of this subchapter.