New York S08863 amends retirement benefits for Nassau county correction officers.

New York S08863 amends the retirement and social security law to authorize a thirty-year retirement benefit for certain Nassau county correction officers. It provides a retirement allowance equal to 60 percent of a member's final average salary upon completion of thirty years of service. The bill also specifies that all past service costs associated with implementing these provisions will be borne by the county of Nassau and may be amortized over a period of ten years. This act applies to all members who retire on or after its effective date.

New York S08863 amends retirement benefits for Nassau county correction officers.

New York S08863 amends the retirement and social security law to authorize a thirty-year retirement benefit for certain Nassau county correction officers. It provides a retirement allowance equal to 60 percent of a member's final average salary upon completion of thirty years of service. The bill also specifies that all past service costs associated with implementing these provisions will be borne by the county of Nassau and may be amortized over a period of ten years. This act applies to all members who retire on or after its effective date.