Restores 20-year service retirement for certain New York City corrections officers.

This bill amends the retirement and social security law to restore the 20-year service retirement eligibility for certain New York City corrections officers. Specifically, it modifies the normal retirement age for NYCERS Tier 3 Correction Revised Plan members in 22-Year Plans, allowing them to retire with at least 20 years of service and receive an annual benefit equal to 50% of their Final Average Salary (FAS). This change reverses a previous amendment that had increased the retirement age for these officers.

Restores 20-year service retirement for certain New York City corrections officers.

This bill amends the retirement and social security law to restore the 20-year service retirement eligibility for certain New York City corrections officers. Specifically, it modifies the normal retirement age for NYCERS Tier 3 Correction Revised Plan members in 22-Year Plans, allowing them to retire with at least 20 years of service and receive an annual benefit equal to 50% of their Final Average Salary (FAS). This change reverses a previous amendment that had increased the retirement age for these officers.