NY Mil L § 245 (2021)
2021 New York Laws MIL - Military Article 11 - Privileges, Prohibitions and Penalties 245 - Retirement Allowances of Certain War Veterans.

§ 245. Retirement  allowances of certain war veterans. Any member of a   teachers' retirement system to which the city of New York is required by   law to make contributions on account  of  such  member  who  (i)  is  an   honorably  discharged  member  of  any branch of the armed forces of the   United States, or (ii) has a qualifying condition, as defined in section   three hundred fifty of the executive law, and has received  a  discharge   other  than  bad  conduct or dishonorable, or (iii) is a discharged LGBT   veteran, as defined in section three hundred fifty of the executive law,   and has received a discharge other than  bad  conduct  or  dishonorable,   having  served  as  such during the time of war and who has attained the   age of fifty years,  may  retire  upon  his  own  request  upon  written   application to the board setting forth at what time not less than thirty   days  subsequent  to  the  execution and filing thereof he desires to be   retired, provided that such member at the  time  so  specified  for  his   retirement  shall have completed at least twenty-five years of allowable   service. Upon  retirement  such  member  shall  receive  an  annuity  of   equivalent  actuarial  value  to  his  accumulated  deductions,  and, in   addition, a pension beginning immediately, having a value equal  to  the   present  value  of  the  pension  that  would have become payable had he   continued at his current salary to the age at which he would have  first   become eligible for service retirement, provided, however, that the said   member   on  making  application  for  retirement  shall  pay  into  the   retirement fund a sum of money which calculated on an  actuarial  basis,   together  with  his  prior contributions and other accumulations in said   fund then to his credit, shall be sufficient to entitle the said  member   to  the  same  annuity  and  pension  that he would have received had he   remained in the service of the city until he had  attained  the  age  at   which  he  otherwise  would  have  first  become  eligible  for  service   retirement.Notwithstanding any other provision of this section or of any general,   special or local law or code to the  contrary,  a  member  of  any  such   teachers'  retirement  system  who  (i) is separated or discharged under   honorable conditions from any branch of the armed forces of  the  United   States,  or (ii) has a qualifying condition, as defined in section three   hundred fifty of the executive law, and has received a  discharge  other   than bad conduct or dishonorable, or (iii) is a discharged LGBT veteran,   as  defined in section three hundred fifty of the executive law, and has   received a discharge other than  bad  conduct  or  dishonorable,  having   served  as  such  during the time of war and who has attained the age of   fifty years, may retire upon his own request upon written application to   the board setting  forth  at  what  time,  not  less  than  thirty  days   subsequent  to  the  execution  and  filing  thereof,  he  desires to be   retired, provided that such member at that time  so  specified  for  his   retirement  shall have completed at least twenty-five years of allowable   service. Upon reaching his previously selected minimum  retirement  age,   such  member  shall receive an annuity of equivalent actuarial value, at   that time, to his accumulated deductions, and, in  addition,  a  pension   based   upon   his   credited  years  of  allowable  service,  plus  the   pension-for-increased-take-home-pay, if  any.  Should  such  member  die   before  reaching  his  retirement  age,  then  any  beneficiary  under a   selected option shall be eligible for benefits under such option at  the   date  upon  which  the member would have reached his selected retirement   age.