Provides for the refund of additional member contributions for certain New York city members who switch to the twenty-five year retirement program.
This bill amends the retirement and social security law to allow certain New York city members who switch to the twenty-five year retirement program for EMTs to withdraw their additional member contributions. The refund includes any interest accrued on these contributions. The bill specifies that the withdrawal must occur within one year of the effective date of the change.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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