N.Y. Retirement & Social Security Law § 167
Supplemental pension fund
New York · New York Retirement & Social Security Law · Status: effective · Effective 2014-09-22
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- Citation
- N.Y. Retirement & Social Security Law § 167, Supplemental pension fund, New York, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/1128973
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Full text
§ 167. Supplemental pension fund. 1. There is hereby established a
special fund to be known as the supplemental pension fund. Such fund
shall consist of such moneys as may be appropriated thereto by the
legislature, and all other moneys received for such fund from any other
source pursuant to law.
2. Subject to the provisions of the state finance law, the
supplemental pension fund shall be under the jurisdiction and control of
the comptroller, who shall be the custodian thereof. The fund shall be
held separate and apart from any other funds or moneys of the state and
shall be used exclusively for the purpose of making supplemental pension
payments to state retired employees and state retired teachers. The
comptroller shall have power to invest and keep invested moneys in the
fund in accordance with the provisions of section ninety-eight of the
state finance law. Moneys of the fund shall be paid out only after audit
by and on warrant of the comptroller.