2013 New York Consolidated Laws
RSS - Retirement & Social Security
Article 14 - (500 - 520) COORDINATED-ESCALATOR RETIREMENT PLAN
505 - Service retirement benefits; police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members.

 
    § 505. Service retirement benefits; police/fire members, New York city
  uniformed  correction/sanitation  revised  plan members and investigator
  revised plan members. a.  The  normal  service  retirement  benefit  for
  police/fire  members,  New  York  city  uniformed  correction/sanitation
  revised plan members and investigator revised  plan  members  at  normal
  retirement  age  shall  be  a  pension  equal  to fifty percent of final
  average salary, less  fifty  percent  of  the  primary  social  security
  retirement  benefit  commencing at age sixty-two, as provided in section
  five hundred eleven of this article.
    b. The early service retirement benefit for police/fire  members,  New
  York  city  uniformed  correction/sanitation  revised  plan  members and
  investigator revised plan members shall be a pension equal  to  two  and
  one-tenths  percent  of  final  average  salary  times years of credited
  service at the completion of twenty years of service or upon  attainment
  of age sixty-two, increased by one-third of one percent of final average
  salary  for  each month of service in excess of twenty years, but not in
  excess of fifty percent of final average salary, less fifty  percent  of
  the  primary  social  security  retirement  benefit  commencing  at  age
  sixty-two as provided in section five hundred eleven  of  this  article,
  provided,  however, that New York city police/fire revised plan members,
  New York city uniformed correction/sanitation revised plan  members  and
  investigator  revised  plan  members shall not be eligible to retire for
  service prior to the attainment of twenty years of credited service.
    c.   A   police/fire   member,   a    New    York    city    uniformed
  correction/sanitation  revised  plan  member  or an investigator revised
  plan member who retires with twenty-two years  of  credited  service  or
  less may become eligible for annual escalation of the service retirement
  benefit  if he elects to have the payment of his benefit commence on the
  date he would have completed twenty-two years and one month or  more  of
  service.  In  such event, the service retirement benefit shall equal two
  percent of final average salary for each year of credited service,  less
  fifty   percent  of  the  primary  social  security  retirement  benefit
  commencing at age sixty-two as provided in section five  hundred  eleven
  of this article.