Establishes an optional twenty-five year retirement plan for employees of the New York Power Authority.

New York A07975 establishes an optional twenty-five year retirement plan for employees of the New York Power Authority who are a member of the public employee organization certified or recognized to represent employees of such authority. Eligible employees can retire after completing twenty-five years of creditable service and receive a pension equal to fifty percent of their final average salary. The bill also includes provisions for creditable service and past service costs.

Establishes an optional twenty-five year retirement plan for employees of the New York Power Authority.

New York A07975 establishes an optional twenty-five year retirement plan for employees of the New York Power Authority who are a member of the public employee organization certified or recognized to represent employees of such authority. Eligible employees can retire after completing twenty-five years of creditable service and receive a pension equal to fifty percent of their final average salary. The bill also includes provisions for creditable service and past service costs.