§ 193. Authorization to municipalities to adopt necessary local laws,
ordinances or resolutions. Any municipality is hereby authorized and
empowered to adopt and amend a local law, ordinance or resolution
providing for supplemental retirement allowance payments both to local
retired employees thereof and local retired teachers of a school
district located therein. Any such local law, ordinance or resolution
shall provide an equitable method of computing the amount of such
payments. The supplemental retirement allowances paid to local retired
employees shall not exceed the supplemental retirement allowances paid
to state retired employees pursuant to this article. The supplemental
retirement allowances paid to local retired teachers shall not exceed
the supplemental retirement allowances paid to state retired teachers
pursuant to this article. Any such local law, ordinance or resolution
may contain provisions necessary and appropriate for the proper
administration of such supplemental retirement allowance payments,
including a provision requiring the filing of verified applications for
such payments.