New York City Police Pension Fund
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Tier 2 - Voluntary Contributions

Members may make additional employee contributions on a voluntary basis equal to 50% of the certified rate of the required employee contributions. These contributions are not covered by section 414h of the IRS code and therefore are subject to federal income taxation. If withdrawn at retirement, these funds are not subject to taxation (tax-free) because they have already been taxed. If these additional contributions are not withdrawn at or prior to retirement, they will provide you with an additional annuity at retirement, provided you do not have a shortage in your account.