§ 388. Retirement of members in the city of Yonkers police force and\nfire department. a. As used in this section, the following words and\nphrases shall have the following meanings unless a different meaning is\nplainly required by the context:\n 1. "City." City of Yonkers.\n 2. "Department." City of Yonkers police department or fire department.\n 3. "Service in such department." Full time duty as a police officer,\nfirefighter or police, fire officer or commissioner of the department.\n b. Any member in service in such department on September first,\nnineteen hundred sixty-five, who elected to contribute under former\nsection eighty-eight of this chapter, on or before January first,\nnineteen hundred sixty-six, shall contribute to the retirement system on\nthe basis of retirement upon his:\n 1. Completion of twenty-five years of service in such department, or\n 2. Attainment of age sixty in service in such department, if prior\nthereto, on an allowance of one-fiftieth of his final average salary for\neach year of service in such department not in excess of twenty-five\nyears, provided such election was in writing and duly executed and filed\nwith the comptroller.\n c. Employees entering or re-entering service in such department on and\nafter September first, nineteen hundred sixty-five, and who contributed\nunder former section eighty-eight of this chapter, and employees\nentering or re-entering service in such department on and after April\nfirst, nineteen hundred sixty-seven, shall contribute on the basis\nprovided for by this section.\n d. A member, who elects or is required to contribute in accordance\nwith this section, shall contribute, in lieu of the proportion of\ncompensation as provided in section three hundred twenty-one of this\narticle, a proportion of his compensation similarly determined.\n Such latter proportion shall be the same as that which was or which\nwould be computed under item three of subparagraph c of paragraph two of\nsubdivision e of section three hundred eighty-four of this article. In\nno event shall a member contribute under this section at a higher rate\nthan he was or would be required to contribute under item three of\nsubparagraph c of paragraph two of subdivision e of section three\nhundred eighty-four of this article had this section not been enacted.\n Such members' rate of contribution pursuant to this section shall be\nappropriately reduced pursuant to section three hundred seventy-a of\nthis article for such period of time as his employer contributes\npursuant to such section toward\npensions-providing-for-increased-take-home-pay, provided, however, that\nsuch member may by written notice duly acknowledged and filed with the\ncomptroller, make an election to waive such reduction as provided by\nsubdivision j of section three hundred twenty-one of this article. One\nyear or more after the filing thereof, a member may withdraw any such\nelection by written notice duly acknowledged and filed with the\ncomptroller.\n No such member shall be required to continue contributions after\ncompleting twenty-five years of such service.\n e. 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 creditable service in such department or upon\nattainment of age sixty, if prior thereto, by filing an application\ntherefor in a manner similar to that provided in section seventy of this\narticle.\n (1) Upon completion of twenty-five years of such service and upon\nretirement, each such member shall receive a pension which, together\nwith an annuity which shall be the actuarial equivalent of his\naccumulated contributions at the time of his retirement and an\nadditional pension which is the actuarial equivalent of the\nreserve-for-increased-take-home-pay to which he may then be entitled,\nshall be sufficient to provide him with a retirement allowance equal to\none-half of his final average sala
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