Contact: Albert O'Leary
PBA Communications Director
212-298-9190

or Joseph Mancini
212-298-9150

February 17, 2011
For Immediate Release




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PBA PRESIDENT REACTS TO MAYOR'S BUDGET PRESENTATION CALLING FOR A REDUCTION IN VARIABLE SUPPLEMENT FUND (VSF) BENEFIT

PBA president Patrick J. Lynch said:

“The VSF agreement was forged in good faith and is a legally binding agreement that the Mayor cannot change without the approval and support of the affected unions.  The Patrolmen’s Benevolent Association has no intention of giving up a benefit for our retirees, future retirees and future hires that was bought and paid for with our pension funds.”

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