§ 508. Death benefits. a. A member of a retirement system who is\nsubject to the provisions of this article, exclusive of those members\nfor whom provision is made pursuant to subdivision b of this section,\nshall, at the time of first becoming a member thereof, make an election,\nwhich shall be irrevocable, for coverage for financial protection in the\nevent of death in service, between the two following benefits:\n 1. A benefit upon the death of a member in service equal to one\nmonth's salary for each full year of service up to a maximum of three\nyears' salary upon the completion of thirty-six full years of service,\nor in the event that a member is eligible to retire without benefit\nreduction pursuant to section five hundred three of this article, a\nbenefit equal to the pension reserve, if any, which would have been\npayable to such member had he entered prior to the effective date of\nthis article and died in service; or\n 2. A benefit upon the death of a member in service equal to the\nmember's salary upon his or her completion of one year of service, two\nyears' salary upon completion of two years of service, and three years'\nsalary upon completion of three years of service. In the case of a\nmember of a retirement system other than the New York state teachers'\nretirement system, the New York city employees' retirement system, the\nNew York city board of education retirement system, the New York city\nteachers' retirement system, or the New York state and local employees'\nretirement system, such benefit shall be subject to the following\nlimitations:\n (a) If the member last joined the retirement system prior to\nattainment of age fifty-two, the maximum benefit shall be three years'\nsalary;\n (b) If the member was age fifty-two when he or she last joined the\nretirement system, the maximum benefit shall be two and one-half times\nannual salary;\n (c) If the member was age fifty-three when he or she last joined the\nretirement system, the maximum benefit shall be two years' salary;\n (d) If the member was age fifty-four when he or she last joined the\nretirement system, the maximum benefit shall be one and one-half times\nannual salary;\n (e) If the member was age fifty-five or older but under age sixty-five\nwhen he or she last joined the retirement system, the maximum benefit\nshall be one year's salary; and\n (f) If the member was age sixty-five or older when he or she last\njoined the retirement system, the maximum benefit shall be one thousand\ndollars.\n In the case of a member of a retirement system other than the New York\nstate teachers' retirement system, the New York city employees'\nretirement system, the New York city board of education retirement\nsystem, the New York city teachers' retirement system, or the New York\nstate and local employees' retirement system, commencing upon attainment\nof age sixty-one, the benefit otherwise provided pursuant to this\nparagraph shall be reduced while the member is in service to ninety per\ncentum of the benefit otherwise payable and each year thereafter the\nbenefit payable shall be reduced by an amount equal to ten per centum\nper year of the original benefit otherwise payable, but not below ten\nper centum of the original benefit otherwise payable.\n Notwithstanding any other provision of this paragraph, in the case of\na member of the New York state teachers' retirement system, commencing\nupon attainment of age sixty-two if such member's date of membership is\nprior to April first, two thousand twelve or attainment of age\nsixty-three if such member's date of membership is on or after April\nfirst, two thousand twelve, the benefit otherwise provided pursuant to\nthis paragraph shall be reduced while the member is in service to\nninety-six per centum of the benefit otherwise payable, and each year\nthereafter the benefit payable shall be reduced by an amount equal to\nfour per centum per year of the original benefit otherwise payable, but\nnot below
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