N.Y. Retirement & Social Security Law § 1302: Benefit enhancements

§ 1302. Benefit enhancements. Notwithstanding any other law to the

contrary, eligible employees shall be permitted to retire, without

penalty, upon reaching age fifty-seven and completing at least thirty

years of credited service. Employees retiring pursuant to this section

shall receive a pension allowance equal to the sum of thirty-five per

centum and one-fiftieth of final average salary for each year of service

in excess of twenty times final average salary times years of credited

service.