NY Ret & SS L § 604 (2021)
2021 New York Laws RSS - Retirement and Social Security Article 15 - Coordinated Retirement Plan 604 - Service Retirement Benefits.

§  604. Service retirement benefits. a. The service retirement benefit   at normal retirement age for a member with less  than  twenty  years  of   credited  service, or less than twenty-five years credited service for a   member who joins the New York state teachers' retirement  system  on  or   after  January  first, two thousand ten, shall be a retirement allowance   equal to one-sixtieth of final average salary times  years  of  credited   service. Normal retirement age for members who first become members of a   public  retirement  system  of  the  state  on or after April first, two   thousand twelve shall be age sixty-three.b. The service retirement benefit  at  normal  retirement  age  for  a   member   with  twenty  years  or  more  of  credited  service,  or  with   twenty-five or more years credited service for a member who first  joins   the  New  York  state  teachers'  retirement  system on or after January   first, two thousand ten,  shall  be  a  retirement  allowance  equal  to   one-fiftieth of final average salary times years of credited service not   in excess of thirty years.Credited service in excess of thirty years shall provide an additional   retirement  allowance equal to three-two hundredths of the final average   salary for each year of credited service in excess of thirty years.b-1. Notwithstanding any other provision of law to the  contrary,  the   service  retirement  benefit  for  members  with twenty or more years of   credit service who first become a member of a public  retirement  system   of  the  state  on  or  after  April  first,  two thousand twelve at age   sixty-three shall be a pension equal  to  the  sum  of  thirty-five  per   centum and one-fiftieth of final average salary for each year of service   in  excess  of twenty times final average salary times years of credited   service. In no  event  shall  any  retirement  benefit  payable  without   optional modification be less than the actuarially equivalent annuitized   value  of  the  member's contributions accumulated with interest at five   percent per annum compounded annually to the date of retirement.c. The early  service  retirement  benefit  for  a  member  who  is  a   correction  officer  of  the Westchester county correction department as   defined in section eighty-nine-e of this  chapter  shall  be  a  pension   equal  to  one-fiftieth  of final average salary times years of credited   service at the completion  of  twenty-five  years  of  service  as  such   correction  officer,  but  not  exceeding  one-half  of his or her final   average salary.d. The early service retirement  for  a  member  who  is  employed  in   Suffolk   county   as   a  correction  officer  as  defined  in  section   eighty-nine-f of this chapter, shall be a pension equal to  one-fiftieth   of  final  average  salary  times  years  of  credited  service  at  the   completion of twenty-five years of service as such  correction  officer,   but not exceeding one-half of his or her final average salary.e. The early service retirement for a member who is employed in Nassau   county as a correction officer, uniformed correction division personnel,   sheriff,   undersheriff   or  deputy  sheriff,  as  defined  in  section   eighty-nine-g of this chapter, shall be a pension equal to  one-fiftieth   of  final  average  salary  times  years  of  credited  service  at  the   completion of twenty-five years of service as such  correction  officer,   uniformed correction division personnel, sheriff, undersheriff or deputy   sheriff, but not exceeding one-half of his or her final average salary.f. The early service retirement for a member who is employed in Albany   county as a sheriff, undersheriff, deputy sheriff, correction officer or   identification  officer  as  defined  in  section  eighty-nine-h of this   chapter shall be a pension equal to one-fiftieth of final average salary   times years of credited service at the completion of  twenty-five  years   of  service  as  such  sheriff, undersheriff, deputy sheriff, correction    officer or identification officer, but not exceeding one-half of his  or   her final average salary.** g.  The  early  service  retirement  benefit  for  a  member who is   employed in St. Lawrence  county  as  a  sheriff,  undersheriff,  deputy   sheriff  or  correction  officer  as defined in section eighty-nine-i of   this chapter shall be a pension equal to one-fiftieth of  final  average   salary  times years of credited service at the completion of twenty-five   years of service  as  such  sheriff,  undersheriff,  deputy  sheriff  or   correction  officer,  but  not  exceeding  one-half  of his or her final   average salary.** NB There are 3 sb g's** g. The early  service  retirement  benefit  for  a  member  who  is   employed in Orleans county as a sheriff, undersheriff, deputy sheriff or   correction  officer  as defined in section eighty-nine-l of this chapter   shall be a pension equal to one-fiftieth of final average  salary  times   years  of  credited  service  at  the completion of twenty-five years of   service as such sheriff,  undersheriff,  deputy  sheriff  or  correction   officer, but not exceeding one-half of his or her final average salary.** NB There are 3 sb g's** g.  The  early  service  retirement  benefit  for  a  member who is   employed in Jefferson county as a sheriff, undersheriff, deputy  sheriff   or  correction  officer  as  defined  in  section  eighty-nine-j of this   chapter shall be a pension equal to one-fiftieth of final average salary   times years of credited service at the completion of  twenty-five  years   of  service  as such sheriff, undersheriff, deputy sheriff or correction   officer, but not exceeding one-half of his or her final average salary.** NB There are 3 sb g'sh. The early service retirement benefit for a member who  is  employed   in  Onondaga  county  as  a  deputy  sheriff-jail division competitively   appointed or as a correction officer as defined in section eighty-nine-k   of this chapter shall be  a  pension  equal  to  one-fiftieth  of  final   average  salary  times  years  of  credited service at the completion of   twenty-five years  of  service  as  such  deputy  sheriff-jail  division   competitively appointed or as such correction officer, but not exceeding   one-half of his or her final average salary.i.  1.  The  early  service  retirement  benefit  for  a member who is   employed in the office of the district attorney of Westchester county as   a chief  criminal  investigator,  deputy  chief  criminal  investigator,   criminal   investigator,   senior  criminal  investigator,  confidential   criminal  investigator,  assistant  criminal  investigator  or  criminal   investigator/arson  shall  be  a  pension equal to one-fiftieth of final   average salary times years of credited  service  at  the  completion  of   twenty-five years of service as such chief criminal investigator, deputy   chief  criminal  investigator,  criminal  investigator,  senior criminal   investigator, confidential  criminal  investigator,  assistant  criminal   investigator  or criminal investigator/arson, but not exceeding one-half   of his or her final average salary.2.  Notwithstanding  the  provisions  of   paragraph   one   of   this   subdivision,  if  the  county  of  Westchester  elects  to  provide  the   retirement benefit pursuant to this paragraph by adopting  a  resolution   to such effect and filing a certified copy thereof with the comptroller,   the early service retirement benefit for a member who is employed in the   office  of  the  district  attorney  of  Westchester  county  as a chief   criminal investigator,  deputy  chief  criminal  investigator,  criminal   investigator,   senior   criminal  investigator,  confidential  criminal   investigator,    assistant    criminal    investigator    or    criminal   investigator/arson  shall  be  a  pension equal to one-fortieth of final   average salary times years of credited  service  at  the  completion  of    twenty  years  of  service  as  such chief criminal investigator, deputy   chief criminal  investigator,  criminal  investigator,  senior  criminal   investigator,  confidential  criminal  investigator,  assistant criminal   investigator  or criminal investigator/arson, but not exceeding one-half   of his or her final average salary.j. The early service retirement benefit for a member who  is  employed   in   Broome  county  as  a  sheriff,  undersheriff,  deputy  sheriff  or   correction officer as defined in section eighty-nine-m of  this  chapter   shall  be  a pension equal to one-fiftieth of final average salary times   years of credited service at the  completion  of  twenty-five  years  of   service  as  such  sheriff,  undersheriff,  deputy sheriff or correction   officer, but not exceeding one-half of his or her final average salary.k. The early service retirement benefit for a member who is  a  Monroe   county  deputy  sheriff-court  security,  or  deputy  sheriff-jailor  as   defined in section eighty-nine-n of this  chapter  shall  be  a  pension   equal  to  one-fiftieth  of final average salary times years of credited   service at the completion of twenty-five years of service as such deputy   sheriff-court security, or  deputy  sheriff-jailor,  but  not  exceeding   one-half of his or her final average salary.l. The early service retirement for a member who is employed in Greene   county  as a sheriff, undersheriff, deputy sheriff or correction officer   as defined in section eighty-nine-o of this chapter shall be  a  pension   equal  to  one-fiftieth  of final average salary times years of credited   service at the completion  of  twenty-five  years  of  service  as  such   sheriff,  undersheriff,  deputy  sheriff  or correction officer, but not   exceeding one-half of his or her final average salary.m. The early service retirement benefit for a member who  is  employed   in  a  county  that  makes the election provided for in subdivision j of   section eighty-nine-p of this chapter as a sheriff, undersheriff, deputy   sheriff or correction officer as defined  in  section  eighty-nine-p  of   this  chapter  shall be a pension equal to one-fiftieth of final average   salary times years of credited service at the completion of  twenty-five   years  of  service  as  such  sheriff,  undersheriff,  deputy sheriff or   correction officer, but not exceeding  one-half  of  his  or  her  final   average salary.n.  The early service retirement benefit for a member who is a traffic   officer with the town of Elmira as defined in section  eighty-nine-q  of   this  chapter  shall be a pension equal to one-fiftieth of final average   salary times years of credited service at the completion of  twenty-five   years  of service as such traffic officer, but not exceeding one-half of   his or her final average salary.o. The early service retirement  for  a  member  who  is  employed  by   Suffolk   county  as  a  park  police  officer  as  defined  in  section   eighty-nine-r of this chapter, shall be a pension equal to  one-fiftieth   of  final  average  salary  times  years  of  credited  service  at  the   completion of twenty-five years of service as such park police  officer,   but  not  exceeding one-half of his or her final average salary. As used   in this section "creditable service" shall include any and all  services   performed  as  a park police officer of the Suffolk county department of   parks, and any and all services  performed  as  a  park  ranger  of  the   Suffolk county department of parks.** p.  The  early service retirement for a member who is employed as a   peace officer as defined in section eighty-nine-s of this chapter, shall   be a pension equal to one-fiftieth of final average salary  times  years   of credited service at the completion of twenty-five years of service as   such  probation  officer, but not exceeding one-half of his or her final   average salary.** NB There are 4 sb p's * p. The early service retirement for a member who is employed  as  an   ambulance medical technician, ambulance medical technician/supervisor or   a  member who performs ambulance medical technician related services, or   a police medic, police medic supervisor or a member who performs  police   medic  related  services  as  defined  in  section eighty-nine-s of this   chapter, shall be a pension  equal  to  one-fiftieth  of  final  average   salary  times years of credited service at the completion of twenty-five   years of service, but not exceeding one-half of his or her final average   salary; for service beyond twenty-five years the benefits shall increase   by one-sixtieth of final average salary  for  each  year  of  additional   service  credit  provided,  however,  that  the  total allowance payable   pursuant to this section shall not exceed three-fourths of such member's   final average salary.** NB There are 4 sb p's** p. The early service retirement for a member who is employed  as  a   peace officer as defined in section eighty-nine-s of this chapter, shall   be  a  pension equal to one-fiftieth of final average salary times years   of credited service at the completion of twenty-five years of service as   such probation officer, but not exceeding one-half of his or  her  final   average salary.** NB There are 4 sb p's** p.  If  the  county  of  Rockland  elects to provide the retirement   benefit pursuant to this subdivision by adopting a  resolution  to  such   effect  and  filing  a  certified copy thereof with the comptroller, the   early service retirement benefit for a member who  is  employed  in  the   office   of  the  district  attorney  of  Rockland  county  as  a  chief   investigator/detective,  criminal   investigator-electronics,   criminal   investigator-child  abuse,  senior  criminal  investigator  or  criminal   investigator shall be a pension equal to one-fortieth of  final  average   salary  times  years  of  credited service for the first twenty years of   service plus an additional one-sixtieth of final  average  salary  times   years of credited service for each year beyond the first twenty years of   service     as     such     chief    investigator/detective,    criminal   investigator-electronics,  criminal  investigator-child  abuse,   senior   criminal  investigator  or  criminal  investigator,  but  not  exceeding   three-fourths of his or her final average salary.** NB There are 4 sb p's** q. The early  service  retirement  benefit  for  a  member  who  is   employed in a county that makes the election provided for in subdivision   j of section eighty-nine-t of this chapter as a peace officer as defined   in  section  eighty-nine-t  of  this chapter shall be a pension equal to   one-fiftieth of final average salary times years of credited service  at   the  completion of twenty-five years of service as such peace officer in   a county probation department, but not exceeding one-half of his or  her   final average salary.** NB There are 2 sb q's** q.  The  early  service  retirement  benefit  for a member who is a   qualifying member as defined in subdivision a of  section  eighty-nine-t   of  this  chapter  shall  be  a  pension  equal to one-fiftieth of final   average salary times years of qualifying service, as defined in  section   eighty-nine-t of this chapter, at the completion of twenty-five years of   such  service,  but  not  exceeding one-half of his or her final average   salary.** NB There are 2 sb q'sr. If the county of Suffolk elects to provide the  retirement  benefit   pursuant to this subdivision by adopting a resolution to such effect and   filing  a certified copy thereof with the comptroller, the early service   retirement benefit for a member which is employed in the office  of  the    district  attorney of Suffolk county as a detective investigator, senior   detective  investigator,  principal  detective   investigator,   special   investigator,  or  district  attorney  investigator,  shall be a pension   equal  to  one-fortieth  of final average salary times years of credited   service for the  first  twenty  years  of  service  plus  an  additional   one-sixtieth  of  final  average  salary times years of credited service   beyond the first twenty years of service as such detective investigator,   senior detective investigator, principal detective investigator, special   investigator, or district attorney investigator, but not exceeding three   fourths of his or her final average salary.** s. The early service retirement benefit  for  a  member  who  is  a   paramedic  employed by the police department in the town of Tonawanda as   defined in section eighty-nine-v of this  chapter  shall  be  a  pension   equal  to  one-fiftieth  of final average salary times years of credited   service at the completion  of  twenty-five  years  of  service  as  such   paramedic,  but  not  exceeding  one-half  of  his  or her final average   salary. In addition thereto, upon retirement,  each  such  member  shall   receive,  for  each  year  of  service in excess of twenty-five years, a   pension which shall be equal to one-sixtieth of his or her final average   salary. The total allowance payable pursuant to this section  shall  not   exceed three-quarters of such member's final average salary.** NB There are 3 sb s's** s.  The  early service retirement for a member who is employed as a   deputy  sheriff-civil  as  defined  in  section  eighty-nine-v  of  this   chapter,  shall  be  a  pension  equal  to one-fiftieth of final average   salary times years of credited service at the completion of  twenty-five   years  of  service  as  such  deputy  sheriff-civil,  but  not exceeding   one-half of his or her final average salary.** NB There are 3 sb s's** s. The early service retirement for a member  who  is  employed  in   Rockland   county   as  a  correction  officer  as  defined  in  section   eighty-nine-v of this chapter shall be a pension equal  to  one-fiftieth   of  final  average  salary  times  years  of  credited  service  at  the   completion of twenty-five years of service as such  correction  officer,   but not exceeding one-half of his or her final average salary.** NB There are 3 sb s'st.  The  early service retirement benefit for a member who is employed   in the county of Nassau as  a  county  fire  marshal,  supervising  fire   marshal,  fire  marshal,  assistant  fire  marshal, assistant chief fire   marshal or chief fire marshal as defined  in  section  eighty-nine-w  of   this  chapter  shall be a pension equal to one-fiftieth of final average   salary times years of credited service at the completion of  twenty-five   years  of service as such county fire marshal, supervising fire marshal,   fire marshal, assistant fire marshal, assistant chief  fire  marshal  or   chief  fire  marshal,  but  not  exceeding  one-half of his or her final   average salary.