2006 New York Code - Additional Pension Benefit For Members Of Optional Twenty Year Retirement Plan.



 
    §  384-e.  Additional  pension  benefit for members of optional twenty
  year retirement plan. a. A participating employer which has elected,  or
  which  elects, pursuant to section three hundred thirty or three hundred
  thirty-one of this article, to provide  the  benefits  of  the  optional
  twenty  year  retirement  plan for its employees as specified in section
  three hundred eighty-four-d of  this  article  may  elect,  pursuant  to
  section   three   hundred   thirty-three   of   this  article,  to  make
  contributions  for  the  purpose  of  providing  an  additional  pension
  pursuant to this section for members in its employ who are entitled to a
  pension pursuant to section three hundred eighty-four-d of this article.
    b.  Upon  retirement, each such member shall receive, for each year of
  service in excess of twenty, an additional pension which shall be  equal
  to  one-sixtieth  of  his  or  her final average salary; a participating
  employer may elect to provide any service credit earned  with  a  public
  employer  prior to service performed as a police officer or firefighter;
  provided, however, that the total allowance  payable  pursuant  to  this
  section  shall  not exceed three-quarters of such member's final average
  salary.
    c. A demand in collective  negotiations  for  the  additional  pension
  benefit  provided by this section shall not be subject to the provisions
  of paragraph (b) or (c) of subdivision four of section two hundred  nine
  of the civil service law.

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