§ 1300. Definitions. The following words and phrases as used in this article shall have the following meanings unless a different meaning is plainly required by the context: a. “Retirement system” shall mean the New York state and local employees’ retirement system and the New York state teachers’ retirement system. b. “Eligible employee”, subject to […]
§ 1301. Election of benefit enhancements. a. The state of New York may elect to provide its employees the benefit enhancements provided for in section thirteen hundred two of this article. b. A separate election to provide benefit enhancements pursuant to subdivision a of this section must be made for each specific collective bargaining organization, […]
§ 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 […]
§ 1303. Additional member contributions. Upon election by the state of New York, the retirement system shall require additional member contributions to be paid by all eligible employees. The additional member contributions to be paid by eligible employees shall be of a level so that no additional contributions shall be paid by the state to […]
§ 1304. Election not collectively bargained. The determination to make an election in accordance with this article shall not be deemed to be, or to relate to or affect, a term and condition of employment within the meaning of article fourteen of the civil service law or any local law enacted in furtherance thereof.
