Establishes an optional twenty-five year retirement plan for certain employees of the New York Power Authority.

The bill establishes an optional twenty-five year retirement plan for employees of the New York Power Authority with specific job titles, including mechanic, technician, electrician, equipment operator, power plant operator, utility security officer, or lineperson. Eligible employees can retire after completing twenty-five years of service, receiving a pension based on their final average salary. The plan is an alternative to other eligibility provisions under different retirement systems. The bill also includes provisions for creditable service and the calculation of retirement benefits.

Establishes an optional twenty-five year retirement plan for certain employees of the New York Power Authority.

The bill establishes an optional twenty-five year retirement plan for employees of the New York Power Authority with specific job titles, including mechanic, technician, electrician, equipment operator, power plant operator, utility security officer, or lineperson. Eligible employees can retire after completing twenty-five years of service, receiving a pension based on their final average salary. The plan is an alternative to other eligibility provisions under different retirement systems. The bill also includes provisions for creditable service and the calculation of retirement benefits.