S T A T E O F N E W Y O R K
________________________________________________________________________
5544
2013-2014 Regular Sessions
I N S E N A T E
May 16, 2013
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
AN ACT to amend the retirement and social security law, in relation to
retirement benefits for general members in the uniformed correction
force of the New York city department of correction
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subdivision d of section 504 of the retirement and social
security law, as amended by chapter 18 of the laws of 2012, is amended
to read as follows:
d. The early service retirement benefit for general members in the
uniformed correction force of the New York city department of
correction, who are not entitled to an early service retirement benefit
pursuant to subdivision c of section five hundred four-a of this article
or subdivision c of section five hundred four-b of this article or
subdivision c of section five hundred four-d of this article, or for
general members in the uniformed personnel in institutions under the
jurisdiction of the department of corrections and community supervision,
as defined in subdivision i of section eighty-nine of this chapter,
shall be a pension equal to one-fiftieth of final average salary times
years of credited service at the completion of twenty-five years of
service, [but not in excess of fifty percent of final average salary]
PLUS ONE-SIXTIETH OF FINAL AVERAGE SALARY TIMES YEARS OF CREDITED
SERVICE IN EXCESS OF TWENTY-FIVE, provided, however, that the provisions
of this section shall not apply to a New York city uniformed
correction/sanitation revised plan member.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09215-01-3