§ 383-d. Alternative retirement benefits for university police\nofficers appointed by the state university. a. As used in this section,\nthe term "university police officer" shall mean a person who is so\nappointed pursuant to paragraph l of subdivision two of section three\nhundred fifty-five of the education law.\n b. Notwithstanding any other provision of law providing for transfers\nbetween retirement systems, any university police officer in the service\nof the state university who is a member of the New York state employees'\nretirement system may transfer to the New York state and local police\nand fire retirement system and shall receive credit pursuant to and be\nentitled to the retirement benefits afforded in accordance with this\nsection. Upon any such transfer the member shall be entitled to the\namount of service which would have been deemed creditable had such\nmember been subject to such system during the course of his or her\nmembership within such system. Contributions to such system shall be\nmade in accordance with appropriate provisions of law relating thereto.\nApplication for such transfer must be made to the state comptroller on\nor before December thirty-first, two thousand fifteen. The provisions of\nsection three hundred forty-three of this article shall apply to any\nmember making application for transfer under this subdivision.\n c. Any university police officer in the service of the state\nuniversity who elects or is required to contribute under this section\nshall contribute to the New York state and local police and fire\nretirement system on the basis of retirement upon his or her:\n 1. Completion of twenty-five years of total creditable service; or\n 2. Attainment of age sixty as a university police officer in the\nservice of the state university, if prior thereto, on an allowance of\none-fiftieth of his or her final average salary for each year of total\ncreditable service not in excess of twenty-five years. Such election\nshall be in writing and shall be duly executed and filed with the\ncomptroller.\n d. Every employee entering or re-entering service as a university\npolice officer in the service of the state university on or after the\neffective date of this section shall contribute on the basis provided\nfor by this section.\n e. A member who is required to contribute in accordance with this\nsection shall contribute, in lieu of the proportion of compensation as\nprovided in section three hundred twenty-one of this article, a\nproportion of his or her compensation similarly determined. Such latter\nproportion shall be computed to provide at the time when he or she shall\nfirst become eligible for retirement under this section, an annuity\nequal to one-one hundredth of his or her final average salary for each\nyear of service as a member prior to the attainment of the age when he\nor she shall first become eligible for retirement. Such member's rate of\ncontribution pursuant to this section shall be appropriately reduced\npursuant to section three hundred seventy-a of this article for such\nperiod of time as his or her employer contributes pursuant to such\nsection toward pensions-providing-for-increased-take-home-pay. No such\nmember shall be required to continue contributions after completing\ntwenty-five years of such service.\n f. A member contributing on the basis of this section, at the time of\nretirement, shall be entitled to retire after the completion of\ntwenty-five years of total creditable service or upon the attainment of\nage sixty by filing an application therefor in a manner similar to that\nprovided in section three hundred seventy of this article. He or she\nshall receive, on retirement, a retirement allowance consisting of:\n 1. An annuity which shall be the actuarial equivalent of his or her\naccumulated contributions at the time of his or her retirement, plus\n 2. A pension which, together with such annuity and a pension which is\nthe actuarial equivalent of t
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