Establishes a variable supplements fund for sanitation members of the New York City Employees' Retirement System.
The bill establishes a variable supplements fund for sanitation members of the New York City Employees' Retirement System. It creates a board to manage the fund and make payments. The fund will consist of monies paid from the retirement system and other sources. The board will determine the basis and amounts of payments and qualifications for receipt. The comptroller will be the custodian of the fund's monies and assets.
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