N.Y.
Retirement & Social Security Law Section 89-Q
Retirement of traffic officers with the town of Elmira
a.
A member employed as a traffic officer with the town of Elmira traffic district number one shall be eligible to retire pursuant to the provisions of this section if he is a traffic officer or holds a job with responsibilities similar to those of a traffic officer, in the event that the job title of traffic officer shall be abolished. Such eligibility shall be an alternative to the eligibility provisions available under any other plan of this article to which such member is subject.b.
Such member shall be entitled to retire upon the completion of twenty-five years of total creditable service by filing an application therefor in the manner provided for in § 70 (Superannuation retirement)section seventy of this article.c.
Upon completion of twenty-five years of such service and upon retirement, each such member shall receive a pension which, together with an annuity which shall be the actuarial equivalent of his accumulated contributions at the time of his retirement and an additional pension which is the actuarial equivalent of the reserved-for-increased-take-home-pay to which he may then be entitled shall be sufficient to provide him with a retirement allowance equal to one-half of his final average salary.d.
As used in this section “creditable service” shall include any and all services performed as a traffic officer with the town of Elmira traffic district number one.e.
Credit for service as a member or officer of the state police or as a paid firefighter, police officer or officer of any organized fire department or police force or department of any county, city, village, town, fire district or police district, shall also be deemed to be creditable service and shall be included in computing years of total service for retirement pursuant to this section, provided such service was performed by the member while contributing to the retirement system pursuant to the provisions of this article or article eight of this chapter.f.
The town of Elmira shall certify to the comptroller, periodically and at such intervals of time as may be required and in such fashion as may be prescribed, the identity of the traffic officers in its employ.g.
A member contributing on the basis of this section at the time of retirement, may retire after the completion of twenty-five years of total creditable service. Application therefor may be filed in a manner similar to that provided in § 70 (Superannuation retirement)section seventy of this article. Upon completion of twenty-five years of such service and upon retirement, each such member shall receive a pension which, together with an annuity which shall be the actuarial equivalent of his accumulated contributions at the time of his retirement and an additional pension which is the actuarial equivalent of the reserved-for-increased-take-home-pay to which he may then be entitled shall be sufficient to provide him with a retirement allowance equal to one-half of his final average salary.h.
In computing the twenty-five years of total service of a member pursuant to this section full credit shall be given and full allowance shall be made for service of such member in time of war after World War I as defined in section two of this chapter, provided such member at the time of his entrance into the armed forces was in the service of the town of Elmira.i.
Nothing herein shall be construed to prevent a member, who does not retire pursuant to the provisions of this section, from utilizing service which is creditable service pursuant to the provisions of this section for service credit pursuant to the provisions of any other plan of this article to which such member is subject.j.
The provisions of this section shall be controlling notwithstanding any other provision in this article to the contrary.
Source:
Section 89-Q — Retirement of traffic officers with the town of Elmira, https://www.nysenate.gov/legislation/laws/RSS/89-Q (updated Jan. 11, 2019; accessed Dec. 21, 2024).
