Analysis of the financial crisis of the Fire Department pension fund, Article 1-B, city of New York: report of the Permanent Commission on Public Employee Pension and Retirement Systems
The Commission, 1978 - Technology & Engineering - 60 pages
What people are saying - Write a review
We haven't found any reviews in the usual places.
Letter of Transmittal
Impasse as to increased employeremployee contributions in the Fire Department
Conclusion and Recommendations
active members actuarial assumptions actuarial deficit actuarial investigation allowance accumulation fund amended amount applicable August 29 basis benefits payable Board of Trustees Certify the rates City contributions City's computed to remain contractual rights contribution rate death benefits Department Pension Fund diminished or impaired earnable compensation employee contributions employee deficit Fire Department Pension Fire Fund firemen Fund Article 1-B Fund's future members impasse increased costs investigation and valuation June 30 Legislature member as provided member contributions membership million mortality tables necessary nineteen hundred fifty-one NY2d obligation opinion paid payments payroll period Pension Fund Article pension law percent present members proportion of compensation prospective city-service PUBLIC EMPLOYEE PENSION Pund pursuant rates of contribution rates of deduction regular interest remain constant reserve required retirement allowance accumulation retirement allowance reserve retirement benefit salary increases seventy-five per cent share statute statutory subd subdivision suoh tion York City York State Constitution