N.Y. Retirement & Social Security Law § 1203: Overtime

* § 1203. Overtime. A member's final average salary shall be

calculated in accordance with such provisions of article eight or

article eleven of this chapter as govern the member's benefits, except

that earnings classified as overtime compensation in an amount in excess

of fifteen percent of a member's annual wages not classified as overtime

compensation shall be excluded from such calculation. "Overtime

compensation" shall mean, for purposes of this section, compensation

paid under any law or policy under which employees are paid at a rate

greater than their standard rate for additional hours worked beyond

those required, including compensation paid under section one hundred

thirty-four of the civil service law and section ninety of the general

municipal law.

* NB Effective until January 1, 2027

* § 1203. Overtime. A member's final average salary shall be

calculated in accordance with such provisions of article eight or

article eleven of this chapter as govern the member's benefits, except

that earnings classified as overtime compensation in an amount in excess

of fifteen percent of a member's annual wages not classified as overtime

compensation shall be excluded from such calculation, provided, however,

members who retire on or after January first, two thousand twenty-seven,

earnings classified as overtime compensation in an amount in excess of

twenty-five percent of a member's annual wages not classified as

overtime compensation shall be excluded from such calculation. "Overtime

compensation" shall mean, for purposes of this section, compensation

paid under any law or policy under which employees are paid at a rate

greater than their standard rate for additional hours worked beyond

those required, including compensation paid under section one hundred

thirty-four of the civil service law and section ninety of the general

municipal law.

* NB Effective January 1, 2027