§ 445-c. Optional twenty-year improved benefit retirement program for\nNew York city correction members of the rank of captain or above. a.\nDefinitions. The following words and phrases as used in this section\nshall have the following meanings unless a different meaning is plainly\nrequired by the context.\n 1. "Retirement system" shall mean the New York city employees'\nretirement system.\n 2. "New York city correction officer of the rank of captain or above"\nshall mean a member of the uniformed force of the department of\ncorrection of the city of New York who holds the rank of correction\ncaptain; assistant deputy warden, also known as warden correction level\nI; deputy warden or deputy warden-in-command, also known as warden\ncorrection level II; warden or deputy chief, also known as warden\ncorrection level III; or chief of department, also known as warden\ncorrection in the correction service of such city.\n 3. "New York city correction member of the rank of captain or above"\nshall mean a member of the retirement system who is subject to the\nprovisions of this article, who is a New York city correction officer of\nthe rank of captain or above and who has elected to contribute to the\nretirement system on the basis of a minimum retirement period of twenty\nyears of credited service pursuant to the optional retirement provisions\nof section 13-155 of the administrative code.\n 4. "Twenty-year improved benefit retirement program for captains and\nabove" shall mean all the terms and conditions of this section.\n 5. "Starting date of the twenty-year improved benefit retirement\nprogram for captains and above" shall mean the effective date of this\nsection, as such date is certified pursuant to section forty-one of the\nlegislative law.\n 6. "Participant in the twenty-year improved benefit retirement program\nfor captains and above" shall mean any New York city correction member\nof the rank of captain or above who, under the applicable provisions of\nsubdivision b of this section, is entitled to the rights, benefits and\nprivileges and is subject to the obligations of the twenty-year improved\nbenefit retirement program for captains and above, as applicable to him\nor her.\n 7. "Administrative code" shall mean the administrative code of the\ncity of New York.\n 8. "Accumulated deductions" shall mean accumulated deductions as\ndefined in subdivision eleven of section 13-101 of the administrative\ncode.\n b. Election of twenty-year improved benefit retirement program for\ncaptains and above. 1. Subject to the provisions of paragraph five of\nthis subdivision and of subparagraph (iii) of paragraph seven of\nsubdivision d of section four hundred forty-five-a of this article, any\nperson who is a New York city correction member of the rank of captain\nor above on the starting date of the twenty-year improved benefit\nretirement program for captains and above may elect to become a\nparticipant in the twenty-year improved benefit retirement program for\ncaptains and above by filing, within ninety days after such starting\ndate, a duly executed application for such participation with the\nretirement system, provided he or she is such a correction member of the\nrank of captain or above on the date such application is filed.\n 2. Subject to the provisions of paragraph five of this subdivision and\nof subparagraph (iii) of paragraph seven of subdivision d of section\nfour hundred forty-five-a of this article, any person who becomes a New\nYork city correction member of the rank of captain or above after the\nstarting date of the twenty-year improved benefit retirement program for\ncaptains and above may elect to become a participant in the twenty-year\nimproved benefit retirement program for captains and above by filing,\nwithin ninety days after becoming such a correction member, a duly\nexecuted application for such participation with the retirement system,\nprovided he or she is such a correction member of the rank of
‹ Prev All New York sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.