New York S07004 proposes a special optional twenty-year retirement plan for state correction officers.

New York S07004 introduces an optional twenty-year retirement plan for state correction officers. Officers can elect to join this plan within a year of its effective date or within a year of becoming a member. The plan allows officers to retire after 20 years of service or at age 62, receiving a pension based on their final average salary. The state may contribute additional funds to cover the extra pension costs. The plan does not affect other provisions of the retirement system.

New York S07004 proposes a special optional twenty-year retirement plan for state correction officers.

New York S07004 introduces an optional twenty-year retirement plan for state correction officers. Officers can elect to join this plan within a year of its effective date or within a year of becoming a member. The plan allows officers to retire after 20 years of service or at age 62, receiving a pension based on their final average salary. The state may contribute additional funds to cover the extra pension costs. The plan does not affect other provisions of the retirement system.