N.Y. Retire. & Soc. Sec. Law § 1312
Current through 2024 NY Law Chapter 456
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.
N.Y. Retire. and Soc. Sec. Law § 1312