N.Y. Retirement & Social Security Law Section 1312
Benefit enhancements

Notwithstanding any other law to the contrary, eligible employees shall be permitted to retire, without penalty, upon reaching age fifty-seven and completing at least thirty years of credited service. Employees retiring pursuant to this section shall receive a pension allowance equal to the sum of thirty-five per centum and one-fiftieth of final average salary for each year of service in excess of twenty times final average salary times years of credited service.

Source: Section 1312 — Benefit enhancements, https://www.­nysenate.­gov/legislation/laws/RSS/1312 (updated Sep. 22, 2014; accessed May 4, 2024).

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Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 1312’s source at nysenate​.gov

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