New York Retirement and Social Security Code § 504-B

Twenty-year retirement program for New York city correction members of the rank of captain or above
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§ 504-b. Twenty-year retirement program for New York city correction\nmembers of the rank of captain or above. 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. "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  2. "New York city correction member of the rank of captain or above"\nshall mean a general member (as defined in subdivision twelve of section\nfive hundred one of this article) who is a New York city correction\nofficer of the rank of captain or above.\n  3. "Twenty-year retirement program for captains and above" shall mean\nall the terms and conditions of this section.\n  4. "Starting date of the twenty-year retirement program for captains\nand above" shall mean the effective date of this section, as such date\nis certified pursuant to section forty-one of the legislative law.\n  5. "Participant in the twenty-year retirement program for captains and\nabove" shall mean any New York city correction member of the rank of\ncaptain or above who, under the applicable provisions of subdivision b\nof this section, is entitled to the rights, benefits and privileges and\nis subject to the obligations of the twenty-year retirement program for\ncaptains and above, as applicable to him or her.\n  6. "Discontinued member" shall mean a participant in the twenty-year\nretirement program for captains and above who, while he or she was a New\nYork city correction officer of the rank of captain or above,\ndiscontinued service in the uniformed force of the department of\ncorrection of the city of New York and has a right to a deferred vested\nbenefit under subdivision d of this section.\n  7. "Administrative code" shall mean the administrative code of the\ncity of New York.\n  8. "Revised contribution date" shall mean the effective date of this\nparagraph, as such date is certified pursuant to section forty-one of\nthe legislative law.\n  b. Participation in twenty-year retirement program for captains and\nabove.  1. (i) Subject to the provisions of paragraph six of this\nsubdivision and of subparagraph (iii) of paragraph eight of subdivision\ne of section five hundred four-a of this article, any person who is a\nNew York city correction member of the rank of captain or above on the\nstarting date of the twenty-year retirement program for captains and\nabove who, as such a correction member or otherwise, last became subject\nto the provisions of this article prior to such starting date, may elect\nto become a participant in the twenty-year 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 of which such person is a member, provided he or she\nis a correction member of the rank of captain or above on the date such\napplication is filed.\n  (ii) Notwithstanding the provisions of subparagraph (iii) of paragraph\neight of subdivision e of section five hundred four-a of this article or\nof any other law to the contrary, any New York city correction member of\nthe rank of captain or above who was eligible pursuant to the provisions\nof this paragraph to elect to become a participant in the twenty-year\nretirement program for captains and above, but who failed to make such\nan election, may be deemed to have elected to become a participant in\nthe twenty-year retirement program for captains and above as of the\nstarting d

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