New York S09190 authorizes a 20-year retirement plan for traffic officers in Elmira, NY.
New York S09190 amends the retirement and social security law to allow traffic officers employed by the town of Elmira to opt into a 20-year retirement plan instead of the standard 25-year plan. Officers must submit an application within one year of the bill's effective date or within one year of their start of employment. Upon retirement, they will receive a pension equal to one-half of their final average salary. The town of Elmira will bear all costs associated with this change.
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