Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system
SUBSTITUTED BY S10590
Summary
The legislation amends New York’s retirement law to lower the normal retirement age to 62 for peace officers and uniformed court officers, while keeping it at 63 for other members. It also allows these officers to retire without benefit reduction at age 55 after 30 years of service, and adjusts benefit formulas for members with less than 20 years of service. The changes take effect immediately and are not subject to the usual appropriation rules.
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