New York Statutes
§ 1302 — Benefit enhancements
§ 1302. Benefit enhancements. Notwithstanding any other law to the\ncontrary, eligible employees shall be permitted to retire, without\npenalty, upon reaching age fifty-seven and completing at least thirty\nyears of credited service. Employees retiring pursuant to this section\nshall receive a pension allowance equal to the sum of thirty-five per\ncentum and one-fiftieth of final average salary for each year of service\nin excess of twenty times final average salary times years of credited\nservice.\n
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 1302 (Benefit enhancements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 130-A
Declaration of policy§ 1300
Definitions§ 1302
Benefit enhancements§ 131
Definitions§ 1310
Definitions§ 1312
Benefit enhancements