Ballentine v. Koch
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Levine, J.
Plaintiffs, retired New York City police officers who receive or are eligible to receive payments from the Police Officer’s Variable Supplements Fund (POVSF), challenge chapter 247 of the Laws of 1988, which changed the funding and benefit structure of the POVSF, as an unconstitutional impairment of contractual pension rights in violation of article V, § 7 of the New York Constitution and the Federal Contract Clause (US Const, art I, § 10, cl [1]).
The POVSF was created (as the Patrolmen’s Variable Supplements Fund) in 1970 as a result of collective bargaining…
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