New York S06435 grants service credit to uniformed correction force members with over 25 years of service.

New York S06435 amends the Retirement and Social Security Law to grant service credit to members of the uniformed correction force of the New York City Department of Correction who have served for over 25 years. This change applies to members who joined before December 19, 1990, and are covered by the CO-25 Plan. The bill specifies that these members will receive a pension benefit equal to 50% of their Final Average Salary (FAS) for the first 25 years of service, plus an additional 1/60th of FAS for each year of service exceeding 25 years.

New York S06435 grants service credit to uniformed correction force members with over 25 years of service.

New York S06435 amends the Retirement and Social Security Law to grant service credit to members of the uniformed correction force of the New York City Department of Correction who have served for over 25 years. This change applies to members who joined before December 19, 1990, and are covered by the CO-25 Plan. The bill specifies that these members will receive a pension benefit equal to 50% of their Final Average Salary (FAS) for the first 25 years of service, plus an additional 1/60th of FAS for each year of service exceeding 25 years.