New York S04581 authorizes a 25-year retirement plan for uniformed court officers and peace officers employed by the unified court system.

New York S04581 amends the retirement and social security law to authorize an optional 25-year retirement plan for uniformed court officers and peace officers employed by the unified court system. This plan allows eligible members to retire upon completion of 25 years of service, regardless of age, and receive a pension based on their final average salary. The bill specifies that this retirement option is an alternative to other eligibility provisions available under different plans. The state will bear all past service costs associated with implementing this plan.

New York S04581 authorizes a 25-year retirement plan for uniformed court officers and peace officers employed by the unified court system.

New York S04581 amends the retirement and social security law to authorize an optional 25-year retirement plan for uniformed court officers and peace officers employed by the unified court system. This plan allows eligible members to retire upon completion of 25 years of service, regardless of age, and receive a pension based on their final average salary. The bill specifies that this retirement option is an alternative to other eligibility provisions available under different plans. The state will bear all past service costs associated with implementing this plan.