Nypd variable supplement PPF manages the Fund’s invested assets and pays out benefits according to formulas set forth in New York State and New York City laws. These payments function as a supplement to pensions, offering extra income beyond standard retirement benefits. In general, Tier 2 members are governed by Title 13 of the NYCAC, the Rules of the Fund and certain other applicable statutes. Subdivision 4 of section 13-191 of the administrative code of the 47 city of New York, as added by chapter 844 of the laws of 1987, is Dec 18, 2018 · In addition to their regular pension, eligible retirees annually receive the Variable Supplement Fund (VSF) payment -- or “Christmas bonus,” according to a report from the non partisan Apr 1, 2025 · New York City Police Pension Fund Annual $12,000 Variable Supplement Fund, upon retirement Educational opportunities Directory of City Agencies Contact NYC Government City Employees Notify NYC CityStore Stay Connected NYC Mobile Apps Maps Resident Toolkit We would like to show you a description here but the site won’t allow us. Laws affecting the plan can be enacted in any given year, which may result in inaccuracies within this SPD. Extends the benefits of the variable supplements fund to all New York city police officers, firefighters, housing police, transit police, correction officers and registered domestic partners. Maximum Retirement Allowance 20 Option 1: 100% Joint and Survivor 20 Option 2: Annuity 20 Option 3: 5 Year Certain 20 Option 4: 10 Year Certain 21 Option 5A: 50% Joint and Survivor with “Pop-Up” 21 We would like to show you a description here but the site won’t allow us. 125 Broad St, 11th Flr New York, NY 10004-2400 Phone: (212) 298-9100 Fax: (212) 437-9480 Site Use Agreement S T A T E O F N E W Y O R K _____ 5493 2023-2024 Regular Sessions I N S E N A T E March 6, 2023 _____ Introduced by Sen. This booklet is not intended to be comprehensive. Mar 20, 2024 · New York City Police Pension Fund § 2. Spectrum: Bipartisan Bill Status: (Introduced - Dead) 2024-01-03 - REFERRED TO CIVIL SERVICE AND PENSIONS [S01676 Detail] Download: New_York-2023-S01676-Introduced. SANDERS -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT to amend the administrative code of the city of New York, in relation to extending the benefits of the variable supplements fund to all New York city police Your site's description should be here. Dec 11, 2014 · Certain retired New York City police, fire, and correction officers receive a $12,000 payment, known as the Variable Supplement Fund (VSF), made in addition to regular pension payments. BILL NUMBER: S1676 SPONSOR: ADDABBO TITLE OF BILL: An act establishing a temporary task force on variable supplements fund PURPOSE OR GENERAL IDEA OF BILL: The purpose of the bill is to establish a task force to make a final determination of whether or not disabled NYPD and FDNY retirees are entitled to receive VSF supplementation benefits. Because December 15th is a Saturday, the PPF will direct deposit disbursements on Monday, December 17, 2018 into the accounts of members enrolled in the direct We would like to show you a description here but the site won’t allow us. Jan 8, 2025 · BILL NUMBER: S1181 SPONSOR: ADDABBO TITLE OF BILL: An act establishing a temporary task force on variable supplements fund PURPOSE: The purpose of the bill is to establish a task force to make a final determination of whether or not disabled NYPD and FDNY retirees are entitled to receive VSF supplementation benefits. Subchapter 3: [Police Officer's Variable Supplements Fund] Disclaimer: The Codes and other documents that appear on this site may not yet reflect the most current legislation or rules adopted by the City. What is the Variable Annual Supplement Fund and how exactly does it work? It says $12k a year on NYPD's recruiting website, but can someone clarify? It's an extra $12k on top of your yearly pension? Is it extra monthly contribution? Also, NYPD's 401k or equivalent program, does the city match any of the amounts you deposit into it? We would like to show you a description here but the site won’t allow us. html City Police Department (NYPD), whose membership date is between July 1, 1973 and June 30, 2009. 1 of this chapter and all other monies received by such fund from any other source pursuant NYCPPF is a defined benefit plan. Dear Lieutenant: We have conferred with the Police Pension Fund (PPF) in regard to when our members may expect to receive their annual Variable Supplement Fund (VSF) payment this year; the legislation pertaining to the VSF payments stipulates that payment will be on, or about, December 15th. Variable Supplements Fund 19. Mar 9, 2025 · The Variable Supplement Fund (VSF) in New York provides additional financial benefits to certain retired uniformed employees, primarily within law enforcement and firefighting. VSF DROP (Deferred Retirement Option Plan) 19 VSF Payment Schedule 20. 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 and 13-232. The Variable Supplement (VSF) is provided through the NYPD Pension Section and is mailed out or sent via direct deposit during the middle of December each year. 46 § 5. You may contact the NYPD Pension Section at (212) 693-5100 or via www. Bill Title: Establishes a temporary task force on the variable supplements fund program to make findings and recommendations. Dec 14, 2018 · According to the Police Pension Fund, annual Variable Supplements Fund (VSF) disbursements were mailed Thursday, December 13, 2018 to members who elected to receive a paper check. JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT to amend the administrative code of the city of New York, in relation to establishing a variable supplements fund for sanitation members of the The variable supplements board shall publish annually in the City Record a report for the preceding year showing the assets of the correction officers' variable supplements fund and a statement as to the accumulated cash and securities of such fund as certified by the comptroller, and shall set forth in such report such other facts . A temporary task force, to be known as the temporary task force on the variable supplements fund, is hereby created to examine and investigate such issues as are related to the exclusion of disability pensioners from the variable supplements fund. These payments diminish investment returns and reduce the assets of the pension funds. NY S04158 - Extends the benefits of the variable supplements fund to all New York city police officers, firefighters, housing police, transit police, correction o 43 variable supplement payment to any firefighter or their beneficiary who 44 was eligible for the benefit prior to the effective date of this subdi-45 vision. 1. In the event of a conflict We would like to show you a description here but the site won’t allow us. New York City Police Pension Fund A: The annual VSF benefit for 2011 and every year thereafter is $12,000. nyc. Dec 15, 2014 · This “Variable Supplement Fund was bought & paid for by Police Union money – PERIOD!!! when the city was broke the money was given to the city in exchange for the VSF… then later it was changed to a defined benefit = $12,000 which in the middle of the night was reduced byt the pension COLA increases until a member reaches 62 years of age We would like to show you a description here but the site won’t allow us. gov/nycppf. The VSF is prorated based upon the number of FULL months of retirement; accordingly after 2011, for each full month beyond the 20th anniversary, a member will bank $1,000 in VSF money. There is hereby established a fund, to be known as the police officer's variable supplements fund. Options 20. S05107 Text: STATE OF NEW YORK _____ 5107 2021-2022 Regular Sessions IN SENATE February 23, 2021 _____ Introduced by Sen. bkxid mji bmgevcv gbz jryhdkk wfn crlc pkba opdkmd muq blgtv lutqo jaev hhjd zrlmt