Variable Supplements Fund (VSF) Error
Due to an administrative error, the City inadvertently released Variable Supplements Fund (VSF) payments on Thursday, May 1 to a large percentage of Police and Fire retirees. Please note this payment was made in error and all transactions will be reversed by the close of business today. The Fund apologizes for any inconvenience this may have caused.
The settlement agreement reached between the City of New York and the United States Attorney’s Office in Goodman, et al. v. City of New York, et al. becomes effective March 17, 2014. At issue was the calculation of pensionable earnings for members on active duty military leaves from the NYPD. For more information regarding this settlement, please click here.
WTC Notice of Participation Update for Vested Members
Chapter 489 of the Laws of 2013 was enacted on November 13, 2013. This law extends the Notice of Participation filing deadline to September 11, 2014 for vested members to file a sworn statement indicating participation in the Rescue, Recovery, and Clean-up Operations. This law also now allows vested members to apply for a WTC related Accident Disability Retirement prior to reaching their 20th anniversary of allowable police service.
Vested members who did not previously file a Notice of Participation are encouraged to now file. Members who are in possession of verifying information are also encouraged to submit copies such documentation to the Fund to be imaged into the member’s file.
To file a Notice of Participation, please download the form here, complete the form and have your signature notarized. Notice must be received by the Fund by September 11, 2014. Please mail Notices to the Police Pension Fund, at the attention of Calendar Prep, at 233 Broadway, 25th Floor, New York, New York 10279.
To check if the Fund has a Notice of Participation on file, please click here and search for your tax identification number.