Establishes a 22-year retirement program for NYC deputy sheriffs.
This bill creates a 22-year retirement program for NYC deputy sheriffs, allowing them to retire with benefits after 22 years of service. Participation is optional and requires additional member contributions of 6.75% of compensation. Benefits include a service retirement benefit of 42% of final average salary for the first 20 years, plus 4% for each additional year up to 22 years. Benefits are subject to a social security offset starting at age 62.
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- Impact
- Legal Framework
- Critical Issues
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