Relates to service retirement benefits for uniformed correction members of the New York city employees' retirement system
SUBSTITUTED BY S4706A
Summary
The bill changes New York retirement law so that members of the city’s uniformed correction revised plan will receive their full service retirement benefit without a reduction for the primary Social Security benefit that starts at age 62. It applies to normal, early, escalated and deferred vested retirement benefits for these correction workers. The change aims to ensure they are not financially penalized by the existing Social Security offset rule.
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