There is a newer version of the New York Consolidated Laws
2006 New York Code - Extra Service Pension Credits.
§ 13-307 Extra service pension credits. Except as provided in subdivisions a and b of section 13-304 of this chapter, a member who has served the minimum period of time elected by him or her for retirement may continue in the service. In such event and upon his or her retirement for any cause whatsoever, there shall be added to his or her annual pension to which he or she shall upon his or her retirement be entitled an additional amount computed at the rate of one-sixtieth of his or her final salary for each year of such additional service. Any such member who has elected to contribute on the basis of retirement after twenty years of service and who thereafter continues in the service shall have his or her deductions made at the rate of five per cent per annum after completing twenty-five years of service.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.