§ 447. Options. a. A member of a retirement system who is subject to the provisions of this article shall at the time of retirement have two additional options available to him which shall be the actuarial equivalent of his retirement allowance without optional modification: (1) A “five-year certain option” under which payment is made […]
§ 448. Death benefits. a. A member of a retirement system who is subject to the provisions of this article, exclusive of those members for whom provision is made pursuant to subdivision b of this section, shall, at the time of first becoming a member thereof, make an election, which shall be irrevocable, for coverage […]
§ 448-a. Death benefit for vested members who die prior to retirement. a. A death benefit plus the reserve-for-increased-take-home-pay, if any, shall be payable upon the death of a member of a retirement system who: 1. Died before the effective date of retirement while a member of such retirement system; 2. Had at least ten […]
§ 450. Definitions. For the purposes of this article: (1) the term “correction officer” shall mean members of the New York state and local employees’ retirement system who are in a plan limited to uniformed personnel in institutions under the jurisdiction of the department of corrections and community supervision or members of such system who […]
§ 451. Duration. Notwithstanding any other provision of this chapter or of any other law, effective July first, nineteen hundred seventy-six, all benefits provided by an actuarially funded public retirement system of the state of New York or any municipality thereof shall continue with respect to members to which article fourteen is applicable only until […]
