2010 New York Code
RSS - Retirement & Social Security
Article 14 - (500 - 520) COORDINATED-ESCALATOR RETIREMENT PLAN
503 - Eligibility for normal and early service retirement benefits; age and service requirements.

§  503.  Eligibility for normal and early service retirement benefits;
  age and service requirements. a. The normal service  retirement  benefit
  specified  in  section  five  hundred  four  shall be payable to general
  members, other than elective members, who have met the  minimum  service
  requirements  upon retirement and attainment of age sixty-two, provided,
  however, a general member who is a peace officer employed by the unified
  court system or a member of a teachers'  retirement  system  may  retire
  without reduction of his or her retirement benefit upon attainment of at
  least  fifty-five years of age and completion of thirty or more years of
  service.
    b. The normal service retirement benefit  specified  in  section  five
  hundred  four  shall be payable to elective-general members who have met
  the minimum service  requirements  upon  retirement  and  attainment  of
  whichever of the following ages is applicable:
    (i)  if  the  member was within ten years of the normal retirement age
  for the plan from which such member transferred at the time of transfer,
  the normal retirement age for such plan with respect to such member.
    (ii) if the member was not within ten years of the  normal  retirement
  age  of  the plan from which such member transferred, at an age equal to
  the normal retirement age for such plan with respect to such member plus
  one year for each year such member was more than  ten  years  from  such
  normal  retirement  age  at  the  time of transfer, provided that normal
  retirement age shall in no event be greater than five  years  more  than
  the  normal retirement age of the plan from which the member transferred
  or age sixty.
    c. A general member shall be eligible for early service retirement  at
  age  fifty-five with five years of credited service. A general member in
  the uniformed correction force  of  the  New  York  city  department  of
  correction, who is not eligible for early service retirement pursuant to
  subdivision  c  of  section  five  hundred  four-a  of  this  article or
  subdivision c  of  section  five  hundred  four-b  of  this  article  or
  subdivision  c  of  section  five  hundred  four-d of this article, or a
  general member in the uniformed  personnel  in  institutions  under  the
  jurisdiction  of  the department of correctional services, as defined in
  subdivision i of section eighty-nine  of  this  chapter  or  serving  in
  institutions  who is also in a title defined in such subdivision and who
  has made an election pursuant to the provisions of article seventeen  of
  this  chapter, shall also be eligible for early service retirement after
  twenty-five years of credited service.
    d. The normal service retirement benefit  specified  in  section  five
  hundred  five shall be paid to police/fire members without regard to age
  upon  retirement  after  twenty-two  years  of  service.  Early  service
  retirement  shall  be  permitted  upon  retirement after twenty years of
  credited service or attainment of age sixty-two.