New Pension Law at Albany, N. Y.
The Albany, N. Y., firemen’s pension fund, according to the new law, provides that the Mayor, Comptroller and Commissioner of Public Safety are constituted a board of trustees who shall have control, management and distribution of the funds provided for in the act. The commissioner of public safety is given power to retire any fireman who may be disqualified for the performance of his duties. Every fireman wno may become permanently incapacitated trom performing full duty by age, disease or disability caused or induced by injury or by long service and exposure while in service as a fireman, may on his own application be retired from service by the Commissioner of Public Safety, provided the applicant has served in the department at least 10 years. Every fireman who has served 25 years or more continuously and shall have arrived at the age of 50 years shall upon his own application be retired without examination. An annual pension is to be paid to each person retired amounting to onehalf the annual compensation allowed to him as salary at the date of his retirement from the service and such pension shall continue for life.