Relates to providing state correction officers with a special optional twenty year retirement plan

Summary

The bill adds a new article to the Retirement and Social Security Law that lets state correction officers opt into a special retirement track. Participants can retire after 20 years of creditable service or at age 62, receiving a pension calculated at one‑fortieth of their final average salary per year, capped at half that salary. The state will fund the extra benefits through additional contributions.

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