Restores age and service eligibility requirements for ordinary retirement for members of the unified court system.
This bill amends the retirement and social security law to restore the age and service eligibility requirements for ordinary retirement for members of the unified court system. It sets the retirement age at 62 for all members and requires 30 years of service to retire without a reduction in benefits. The bill also reduces the normal retirement age from 63 to 62. The anticipated fiscal impact includes an increase of approximately $2.8 million in annual contributions for the State of New York.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.