Statute · New York Retirement & Social Security Law
N.Y. Retire. & Soc. Sec. Law § 1302 — Benefit enhancements
N.Y. Retire. & Soc. Sec. Law § 1302
- Type
- Statute
- Source
- New York Retirement & Social Security Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 1302. Benefit enhancements. Notwithstanding any other law to the contrary, eligible employees shall be permitted to retire, without penalty, upon reaching age fifty-seven and completing at least thirty years of credited service. Employees retiring pursuant to this section shall receive a…
Citator
N.Y. Retire. & Soc. Sec. Law § 1302 — Benefit enhancements is in force in the current edition of the Code, and nothing recorded condemns it.
§ 1302. Benefit enhancements. Notwithstanding any other law to the contrary, eligible employees shall be permitted to retire, without penalty, upon reaching age fifty-seven and completing at least thirty years of credited service. Employees retiring pursuant to this section shall receive a pension allowance equal to the sum of thirty-five per centum and one-fiftieth of final average salary for each year of service in excess of twenty times final average salary times years of credited service.