§ 604-b. Twenty-five-year and age fifty-five retirement program for\nNew York city transit authority members. a. Definitions. The following\nwords or 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 transit authority member" shall mean a member (as\ndefined in subdivision e of section six hundred one of this article) who\n(a) is an employee of the New York city transit authority, and (b) would\nhave been subject to the provisions of section 13-161 of the\nadministrative code of the city of New York had he joined the New York\ncity employees' retirement system prior to July twenty-seven, nineteen\nhundred seventy-six.\n 2. "Twenty-five-year and age fifty-five retirement program" shall mean\nall the terms and conditions of this section.\n 3. "Starting date of the twenty-five-year and age fifty-five\nretirement program" shall mean the commencement date of the payroll\nperiod which includes September first, nineteen hundred ninety-four.\n 4. "Enactment date of the twenty-five-year and age fifty-five\nretirement program" shall mean the date of enactment of the chapter of\nthe laws of nineteen hundred ninety-four which added this section, as\nsuch date is certified pursuant to section forty-one of the legislative\nlaw.\n 5. "Participant in the twenty-five-year and age fifty-five retirement\nprogram" shall mean any New York city transit authority member who,\nunder the applicable provisions of subdivision b of this section, is\nentitled to the rights, benefits and privileges and is subject to the\nobligations of the twenty-five-year and age fifty-five retirement\nprogram, as applicable to him or her.\n 6. "Allowable service in the transit authority" shall mean credited\nservice which was rendered as a member of the New York city transit\nauthority.\n 7. "Minimum period" shall mean the minimum period of twenty-five years\nof allowable service in the transit authority that is required in order\nfor a participant in the twenty-five-year and age fifty-five retirement\nprogram to be eligible for early service retirement pursuant to\nparagraph one of subdivision c of this section.\n 8. "Final average salary" shall mean a participant's final average\nsalary as defined in section six hundred eight of this article.\n 9. "Discontinued member" shall mean a participant in the\ntwenty-five-year and age fifty-five retirement program who, while he or\nshe was a New York city transit authority member, discontinued service\nin the New York city transit authority and has a right to a deferred\nvested benefit under subdivision d of this section.\n 10. "Administrative code" shall mean the administrative code of the\ncity of New York.\n b. Participation in twenty-five-year and age fifty-five retirement\nprogram.\n 1. Subject to the provisions of paragraph six of this subdivision, any\nperson who is a New York city transit authority member on the enactment\ndate of the twenty-five-year and age fifty-five retirement program and\nwho, as such a transit authority member or otherwise, last became\nsubject to the provisions of this article prior to such enactment date,\nmay elect to become a participant in the twenty-five-year and age\nfifty-five retirement program by filing, within forty-five days after\nthe enactment date of the twenty-five-year and age fifty-five retirement\nprogram, a duly executed application for such participation with the\nretirement system of which such person is a member, provided he or she\nis such a transit authority member on the date such application is\nfiled.\n 2. Subject to the provisions of paragraph six of this subdivision, any\nperson who becomes a New York city transit authority member after the\nenactment date of the twenty-five-year and age fifty-five retirement\nprogram and who, as such a transit authority member, last became subject\nto the provisions of this article prior to such enactment date, may\nelect
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