Restores the 20 year service retirement for certain New York city corrections officers and sanitation workers.

This bill amends the retirement and social security law to restore the 20 year service retirement for certain New York city corrections officers and sanitation workers. It modifies the normal retirement age for NYCERS Tier 3 members of the Uniformed Sanitation and Correction Revised Plan, allowing them to retire with a normal service retirement benefit upon completing 20 years of service. The bill also adjusts the retirement benefit structure, increasing the annual benefit to 50% of Final Average Salary (FAS) for those who retire with at least 20 years of service.

Restores the 20 year service retirement for certain New York city corrections officers and sanitation workers.

This bill amends the retirement and social security law to restore the 20 year service retirement for certain New York city corrections officers and sanitation workers. It modifies the normal retirement age for NYCERS Tier 3 members of the Uniformed Sanitation and Correction Revised Plan, allowing them to retire with a normal service retirement benefit upon completing 20 years of service. The bill also adjusts the retirement benefit structure, increasing the annual benefit to 50% of Final Average Salary (FAS) for those who retire with at least 20 years of service.