Fire Department Pension Fund

[Pages:63]Fire Department Pension Fund

Subchapter II

Summary Plan Description

FIRE DEPARTMENT PENSION FUND SUBCHAPTER II

9 METROTECH CENTER BROOKLYN, N.Y. 11201

(718) 999-2300

FI R E D EPA R T M E N T

9 METROTECH CENTER

BROOKLYN, N.Y. 11201-3857

NICHOL AS SCOPPETTA Fire Commissioner

Dear Member:

I am pleased to present to you an updated Summary Plan Description for the Fire Department Pension Fund, Subchapter II. In this Pension Manual, you will find detailed descriptions of retirement benefits and other valuable information pertaining to our members. The manual will also be made available to you on the Department's intranet.

This Pension Manual exemplifies the Department's commitment to improving pension-related services to our Uniformed force. I would like to thank the Bureau of Uniformed Payroll and Pension for their efforts in compiling this manual, furthering our goal to provide our members with the best possible service. In the current fiscal year, we have also increased staffing for the Bureau of Uniformed Payroll and Pension to better address your needs and those of the more than 18,000 Uniformed retirees. We will strive to continue to provide the best and most effective service to our members.

Sincerely,

Nicholas Scoppetta

FI R E D EPA R T M E N T

9 METROTECH CENTER

BROOKLYN, N.Y. 11201-3857

MARY E. BASSO Director Bureau of Uniformed Payroll & Pension

Room 6W-8

Dear Member,

The Bureau of Uniformed Payroll and Pension is charged with the mission of administering payroll and retirement benefits to its members. The mission includes providing our members with the most current, accurate information on which critical decisions that have lifelong impact are made. As such, it is with great pleasure that I introduce to you this Summary Plan Description for the Fire Department Pension Fund, Subchapter II.

This Pension Manual has been updated to include a wealth of new information. Explanations of recently passed legislation such as the Variable Supplement Fund (VSF) "Drop" and Military Buyback are included. A summary of all recently passed legislation is included in the appendix, as well as a glossary of terms and frequently asked questions. Timely updates to the manual will also be made via the Department's intranet. The Bureau of Uniformed Payroll and Pension is dedicated to making significant strides in providing our members with enhanced services in the near future.

I would like to thank the staff of the Bureau of Uniformed Payroll and Pension who worked with me on this project. I would also like to extend my thanks to the UFOA, UFA, Office of the Actuary and the NYC Law Department for their review and input.

Yours truly,

Mary E. Basso

FIRE DEPARTMENT PENSION FUND

FIRE DEPARTMENT PENSION FUND SUBCHAPTER II

9 METROTECH CENTER BROOKLYN, N.Y. 11201

(718) 999-2300

Nicholas Scoppetta Fire Commissioner Stephen G. Rush Assistant Commissioner

Mary E. Basso Director

Albert Connolly Deputy Director

10/01/04

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