World Trade Center records folder, 2001

NYC 9/11 Public Portal Document

SEP-27-2001 11:11 FISA- EXECUTIVE OFFICE 1 212 857 1106

OFFICE OF THE ACTUARY 220 CHURCH STREET • NEW YORK, N.Y. 10013.6301 (212)4d2-5775 • FAX:(212)442-5777 a ROBERT C. NORTH,JR. CHIEF ACTUARY

September 25, 2001

Mr. Bud C. Larson Associate Director New York City Office of Management and Budget 75 Park Place, 6th Floor New York, NY 10007

Re: Purchasing Power of Surviving Spouses and Families of New York City Police and Fire Department Uniformed Public Safety Employees Killed in the Line of Duty a

Dear Mr. Larson:

By telephone, you have posed the question: how does the purchasing power of the surviving family of a New York City Police or Fire Department Uniformed Public Safety Employee killed in the line of duty compare with the purchasing power of that family before the death of the employee.

Summary Conclusion

As we discussed, because of the unique financial resources ,and needs of each family, there is no answer to this question based on averages that would be appropriate for the individual families.

However, under current law, the spouse and/or children of a Police or Fire Department Uniformed Public Safety Employee killed in the line of duty is eligible to receive a pension benefit equal to 1001 of the salary earned by the deceased employee in the 12 months preceding death.

NYC-WTC 000136477