New York Retirement and Social Security Code § 445-D*2

Optional twenty-year/age fifty improved benefit retirement program for Triborough bridge and tunnel members
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* § 445-d. Optional twenty-year/age fifty improved benefit retirement\nprogram for Triborough bridge and tunnel members. a. Definitions. The\nfollowing words and phrases as used in this section shall have the\nfollowing meanings unless a different meaning is plainly required by the\ncontext.\n  1. "Retirement system" shall mean the New York city employees'\nretirement system.\n  2. "Triborough bridge and tunnel member" shall mean a member of the\nretirement system who is subject to the provisions of this article, who\nis employed by the Triborough bridge and tunnel authority as a bridge\nand tunnel officer, sergeant, or lieutenant in a non-managerial position\nand who has elected to contribute to the retirement system on the basis\nof a minimum retirement period of twenty-year/age fifty of allowable\nservice rendered pursuant to the optional retirement provisions as set\nforth in paragraph eight of this subdivision.\n  3. "Twenty-year/age fifty improved benefit retirement program" shall\nmean all the terms and conditions of this section.\n  4. "Starting date of the twenty-year/age fifty improved benefit\nretirement program" shall mean the date of enactment of the act which\nadded this section, as such date is certified pursuant to section\nforty-one of the legislative law.\n  5. "Participant in the twenty-year/age fifty improved benefit\nretirement program" shall mean any Triborough bridge and tunnel member\nwho, under the applicable provisions of subdivision b of this section,\nis entitled to the rights, benefits and privileges and is subject to the\nobligations of the twenty-year/age fifty improved benefit retirement\nprogram, as applicable to him or her.\n  6. "Administrative code" shall mean the administrative code of the\ncity of New York.\n  7. "Accumulated deductions" shall mean accumulated deductions as\ndefined in subdivision eleven of section 13-101 of the administrative\ncode.\n  8. "Optional retirement provisions" shall mean the right to receive a\nretirement allowance upon (a) the attainment of age fifty, and (b) the\ncompletion of twenty years of service.\n  b. Election of twenty-year/age fifty improved benefit retirement\nprogram. 1. Subject to the provisions of paragraph five of this\nsubdivision, any person who is a Triborough bridge and tunnel member on\nthe starting date of the twenty-year/age fifty improved benefit\nretirement program may elect to become a participant in the\ntwenty-year/age fifty improved benefit retirement program by filing,\nwithin one hundred eighty days after such starting date, a duly executed\napplication for such participation with the retirement system, provided\nhe or she is such a bridge and tunnel member on the date such\napplication is filed.\n  2. Subject to the provisions of paragraph five of this subdivision,\nany person who becomes a Triborough bridge and tunnel member after the\nstarting date of the twenty-year/age fifty improved benefit retirement\nprogram may elect to become a participant in the twenty-year/age fifty\nimproved benefit retirement program by filing, within one hundred eighty\ndays after becoming such a bridge and tunnel member, a duly executed\napplication for such participation with the retirement system, provided\nhe or she is such a bridge and tunnel member on the date such\napplication is filed.\n  3. Any election to be a participant in the twenty-year/age fifty\nimproved benefit retirement program shall be irrevocable.\n  4. Where any participant in the twenty-year/age fifty improved benefit\nretirement program shall cease to hold a position in the Triborough\nbridge and tunnel service, he or she shall cease to be such a\nparticipant and, during any period in which such a person does not hold\nsuch a bridge and tunnel position, he or she shall not be a participant\nin the twenty-year/age fifty improved benefit retirement program and\nshall not be eligible for the benefits of subdivision c of this section.\n  5. Where any participant in the twenty-year

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