N.Y.C. Admin. Code § 13-555: § 13-555 Supplemental pension fund establishment; payment of supplemental pension allowances from such fund.

There is hereby established a supplemental fund to be known as the supplemental pension fund. Such fund shall consist of such moneys as may be appropriated thereto and all other moneys received for such fund from any other source pursuant to 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 other funds and shall be used exclusively for the purpose of making payments of supplemental pension allowances, as hereinafter provided, to retired teachers. The comptroller is authorized and directed to prescribe such rules and regulations as may be required for the effective administration of the provisions of this section in making such pension allowances. In addition to any pension allowance directed to be paid pursuant to section 13-554 of this chapter and notwithstanding any other provision of this law, the retirement and social security law or any other state or local law, any teacher, except as hereinafter provided, who retired prior to September second, nineteen hundred fifty-six, who had at least ten years credited service at the time of retirement, shall be granted and entitled to receive a supplemental pension allowance, based upon the year of retirement and computed upon the years of service, in accordance with the following schedule:

Year of Retirement

Dollars per year of service

1955-1956

three dollars

1954-1955

six dollars

1953-1954

eight dollars

1952-1953

ten dollars

1951-1952

twelve dollars

1950-1951

fourteen dollars

1949-1950

sixteen dollars

1948-1949

eighteen dollars

1947-1948

twenty dollars

1946-1947

twenty-one dollars

1945-1946

twenty-one dollars

1944-1945

twenty-one dollars

1943-1944

twenty-one dollars

1942-1943

twenty-two dollars

1941-1942

twenty-two dollars

1940-1941

twenty-two dollars

Prior to September 2, 1940

twenty-three dollars

For the purposes of this schedule, the year of retirement shall extend from September second of any one year to September first inclusive of the following year. The supplemental pension allowance granted under the provisions of this section shall be paid from the supplemental pension fund established by this section, in so far as practicable, at the times and in the same manner as the regular retirement allowances, authorized and granted, under this chapter, are paid. Any retired teacher already receiving a supplemental pension under the provisions of the retirement and social security law or any other state or local law shall continue to receive such supplemental pension or shall receive the supplemental allowance provided under this section, whichever shall be greater.