New York A07925 proposes a special optional twenty-year retirement plan for state correction officers.

New York A07925 amends the retirement and social security law to introduce a special optional twenty-year retirement plan for state correction officers. This plan allows eligible officers to retire after completing twenty years of service, receiving a pension of up to one-half of their final average salary. The bill also allows for additional pension benefits for those who retire after twenty years. The plan is optional, and officers must file a written election with the comptroller to participate.

New York A07925 proposes a special optional twenty-year retirement plan for state correction officers.

New York A07925 amends the retirement and social security law to introduce a special optional twenty-year retirement plan for state correction officers. This plan allows eligible officers to retire after completing twenty years of service, receiving a pension of up to one-half of their final average salary. The bill also allows for additional pension benefits for those who retire after twenty years. The plan is optional, and officers must file a written election with the comptroller to participate.