Establishes an age 55/25 temporary retirement incentive for certain public employees in the teachers' retirement system.

New York A07684 establishes a temporary retirement incentive for certain public employees in the teachers' retirement system. Eligible employees must be members of the teachers' retirement system, work for an educational employer, and have at least 25 years of creditable service. The incentive allows eligible employees to retire without a reduction in their retirement benefit if they reach age 55. Educational employers can choose to participate in the incentive by adopting a resolution. Participating employers will cover the pension benefit costs over a period not exceeding five years.

Establishes an age 55/25 temporary retirement incentive for certain public employees in the teachers' retirement system.

New York A07684 establishes a temporary retirement incentive for certain public employees in the teachers' retirement system. Eligible employees must be members of the teachers' retirement system, work for an educational employer, and have at least 25 years of creditable service. The incentive allows eligible employees to retire without a reduction in their retirement benefit if they reach age 55. Educational employers can choose to participate in the incentive by adopting a resolution. Participating employers will cover the pension benefit costs over a period not exceeding five years.