NY Ret & SS L § 375-C (2021)
2021 New York Laws RSS - Retirement and Social Security Article 8 - New York State and Local Police and Fire Retirement System Title 9 - General Provisions Relating to Retirement; Retirement Plans Applicable to Members Generally 375-C - Non-Contributory Retirement Plan Benefits.

§ 375-c. Non-contributory retirement plan benefits.  a. In addition to   any  retirement allowance to which a member may be entitled for services   rendered at any time other  than  expressly  provided  for  herein,  any   member   covered   by   the   provisions   of   sections  three  hundred   seventy-five-a or three hundred seventy-five-b  of  this  chapter  shall   upon  retirement,  receive  a  service retirement pension for the herein   provided period  of  service,  in  accordance  with  the  provisions  of   subdivisions  b,  c  or  d hereof, as the case may be, which shall be in   lieu  of  the  service  retirement   pension   and   the   pension   for   increased-take-home-pay  provided  for  in  the sections of this chapter   hereinafter referred to.b. 1. A member  who  had  been  contributing  for  service  retirement   benefits  on  the  basis of any of the plans contained in sections three   hundred  seventy-one,  three  hundred   seventy-one-a,   three   hundred   seventy-two or three hundred seventy-five of this chapter, shall receive   at  retirement,  for service rendered on and after April first, nineteen   hundred sixty, a pension computed on the basis of  one-sixtieth  of  his   final  average  salary for each year of such service; provided, however,   persons who last became members on or after July first, nineteen hundred   seventy-three shall receive such pension only for  service  rendered  on   and  after  April first, nineteen hundred sixty and prior to July first,   nineteen hundred seventy-four.2. A member who had been contributing for service retirement  benefits   on  the  basis  of  any  of the plans contained in paragraph one hereof,   shall receive at retirement, for service rendered  before  April  first,   nineteen  hundred  sixty,  a  pension  computed  on the basis of one-one   hundred twentieth of his final average salary for each year of  credited   member  service  plus  one-sixtieth of his final average salary for each   such year of credited prior service or service in war after world war I.   Notwithstanding anything to the  contrary  contained  in  section  three   hundred seventy-five of this chapter, a member who had been contributing   as  aforesaid  shall  be  eligible  for  superannuation  retirement upon   attainment of age fifty-five.c. A member contributing for service retirement benefits on the  basis   of  any  of  the  plans contained in the sections numbered three hundred   eighty-one, three hundred eighty-one-a, three hundred eighty-two,  three   hundred   eighty-three,  three  hundred  eighty-three-a,  three  hundred   eighty-four, three hundred eighty-five, three hundred eighty-six,  three   hundred  eighty-seven,  three hundred eighty-eight, for service rendered   on  and  after  April  first,  nineteen  hundred  sixty,  a  pension  of   one-fiftieth  of his final average salary for each year of such credited   service  during  this  period,  with  the  total   allowance   hereunder   determined as defined and limited in the respective sections referred to   in   this   paragraph  c  and  with  the  additional  proviso  that  any   contributions made by the member during the period referred to  in  this   paragraph c shall be used at retirement to provide an additional annuity   over  and above the retirement allowance otherwise provided, except that   persons who last became members on or after July first, nineteen hundred   seventy-three shall receive such pension only for  service  rendered  on   and  after April first, nineteen hundred sixty, and prior to July first,   nineteen hundred seventy-four.d. A member who had been contributing for service retirement  benefits   on   the  basis  of  the  plans  contained  in  sections  three  hundred   eighty-four-b,   three   hundred   eighty-four-d   or   three    hundred   eighty-five-a  of this chapter, shall receive at retirement, for service   rendered on and after April first, nineteen hundred sixty a  pension  of   one-fortieth  of his final average salary for each year of such credited   service  during  this  period,  with  the  total   allowance   hereunder    determined  as  defined  and  limited in the section referred to in this   paragraph d and with the additional proviso that any contributions  made   by the member during the period referred to in this paragraph d shall be   used  at  retirement to provide an additional annuity over and above the   retirement allowance otherwise provided, except that  persons  who  last   became  members  on  or after July first, nineteen hundred seventy-three   shall receive such pension only for service rendered on and after  April   first,  nineteen hundred sixty and prior to July first, nineteen hundred   seventy-four.e. In addition to the pension hereinabove  provided,  a  member  shall   receive  an  annuity  which  shall  be  the  actuarial equivalent of his   accumulated contributions at the time of retirement.f. The benefits hereinabove  provided  shall  be  payable  unless  the   member  would otherwise under the provisions of this chapter be entitled   to a greater benefit, in which  event,  the  greater  benefit  shall  be   payable.