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

Optional twenty-five year/age fifty improved benefit retirement program for senior automotive service workers, automotive service workers...
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* § 445-f. Optional twenty-five year/age fifty improved benefit\nretirement program for senior automotive service workers, automotive\nservice workers, auto body workers, auto mechanics, marine maintenance\nmechanics and oil burner specialists. a. Definitions. The following\nwords and phrases as used in this section shall have the following\nmeanings unless a different meaning is plainly required by the context.\n  1. "Retirement system" shall mean the New York city employees'\nretirement system.\n  2. "Senior automotive service worker, automotive service worker, auto\nbody worker, auto mechanic, marine maintenance mechanic and oil burner\nspecialist" shall mean a member of the retirement system who is subject\nto the provisions of this article, who is employed by the mayoral and\nnon-mayoral agencies of the city of New York and who has elected to\ncontribute to the retirement system on the basis of a minimum retirement\nperiod of twenty-five year/age fifty of allowable service rendered\npursuant to the optional retirement provisions as set forth in paragraph\neight of this subdivision.\n  3. "Twenty-five year/age fifty improved benefit retirement program"\nshall mean all the terms and conditions of this section.\n  4. "Starting date of the twenty-five year/age fifty improved benefit\nretirement program" shall mean the effective date of this section, as\nsuch date is certified pursuant to section forty-one of the legislative\nlaw.\n  5. "Participant in the twenty-five year/age fifty improved benefit\nretirement program" shall mean any senior automotive service worker,\nautomotive service worker, auto body worker, auto mechanic, marine\nmaintenance mechanic and oil burner specialist who, under the applicable\nprovisions of subdivision b of this section, is entitled to the rights,\nbenefits and privileges and is subject to the obligations of the\ntwenty-five year/age fifty improved benefit retirement program, as\napplicable 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 (i) the attainment of age fifty, and (ii) the\ncompletion of twenty-five years of service.\n  b. Election of twenty-five year/age fifty improved benefit retirement\nprogram. 1. Subject to the provisions of paragraph five of this\nsubdivision, any person who is a senior automotive service worker,\nautomotive service worker, auto body worker, auto mechanic, marine\nmaintenance mechanic, or oil burner specialist on the starting date of\nthe twenty-five year/age fifty improved benefit retirement program may\nelect to become a participant in the twenty-five year/age fifty improved\nbenefit retirement program by filing, within one hundred eighty days\nafter such starting date, a duly executed application for such\nparticipation with the retirement system, provided he or she is such a\nsenior automotive service worker, automotive service worker, auto body\nworker, auto mechanic, marine maintenance mechanic or oil burner\nspecialist on the date such application is filed.\n  2. Subject to the provisions of paragraph five of this subdivision,\nany person who becomes a senior automotive service worker, automotive\nservice worker, auto body worker, auto mechanic, marine maintenance\nmechanic or oil burner specialist after the starting date of the\ntwenty-five year/age fifty improved benefit retirement program may elect\nto become a participant in the twenty-five year/age fifty improved\nbenefit retirement program by filing, within one hundred eighty days\nafter becoming such a senior automotive service worker, automotive\nservice worker, auto body worker, auto mechanic, marine maintenance\nmechanic or oil burner specialist, a duly executed application for such\nparticipation wi

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