The stock-market profits for the city’s largest pension fund were sufficiently robust this year that retired correction officers will receive Variable Supplements Fund payments now totaling $12,000 this December for the first time in eight years, Correction Officers Benevolent Association President Norman Seabrook told this newspaper Aug. 21.
“The payment’s going out,” he said, citing conversations at a board meeting of the New York City Employees’ Retirement System two days earlier. “All systems are go.”
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