N.Y. Retirement & Social Security Law § 503: Eligibility for normal and early service retirement benefits; age and service requirements

§ 503. Eligibility for normal and early service retirement benefits;

age and service requirements. a. The normal service retirement benefit

specified in section five hundred four of this article shall be payable

to general members, other than elective members, who have met the

minimum service requirements upon retirement and attainment of age

sixty-two, provided, however, a general member who is a peace officer

employed by the unified court system or a member of a teachers'

retirement system may retire without reduction of his or her retirement

benefit upon attainment of at least fifty-five years of age and

completion of thirty or more years of service. For members who become

members of the New York state and local employees' retirement system on

or after April first, two thousand twelve, the normal service retirement

benefits specified in section five hundred four of this article shall be

payable to general members, other than elective members, who have met

the minimum service requirements upon retirement and attainment of age

sixty-three.

b. The normal service retirement benefit specified in section five

hundred four shall be payable to elective-general members who have met

the minimum service requirements upon retirement and attainment of

whichever of the following ages is applicable:

(i) if the member was within ten years of the normal retirement age

for the plan from which such member transferred at the time of transfer,

the normal retirement age for such plan with respect to such member.

(ii) if the member was not within ten years of the normal retirement

age of the plan from which such member transferred, at an age equal to

the normal retirement age for such plan with respect to such member plus

one year for each year such member was more than ten years from such

normal retirement age at the time of transfer, provided that normal

retirement age shall in no event be greater than five years more than

the normal retirement age of the plan from which the member transferred

or age sixty.

c. A general member shall be eligible for early service retirement at

age fifty-five with five years of credited service. A general member in

the uniformed correction force of the New York city department of

correction, who is not eligible for early service retirement pursuant to

subdivision c of section five hundred four-a of this article or

subdivision c of section five hundred four-b of this article or

subdivision c of section five hundred four-d of this article, or a

general member in the uniformed personnel in institutions under the

jurisdiction of the department of corrections and community supervision,

as defined in subdivision i of section eighty-nine of this chapter or

serving in institutions who is also in a title defined in such

subdivision and who has made an election pursuant to the provisions of

article seventeen of this chapter, shall also be eligible for early

service retirement after twenty-five years of credited service,

provided, however, that the provisions of this subdivision and

subdivision a of this section shall not apply to a New York city

uniformed correction/sanitation revised plan member or an investigator

revised plan member.

d. The normal service retirement benefit specified in section five

hundred five of this article shall be paid to police/fire members, New

York city uniformed correction/sanitation revised plan members and

investigator revised plan members without regard to age upon retirement

after twenty-two years of service; except that the normal service

retirement benefit specified in section five hundred five of this

article shall be paid to police/fire members of the New York city police

pension fund, after twenty years of service; provided, however, that

such normal service retirement benefit for police/fire members who are

members of the New York city fire department pension fund shall be paid

to such members of the New York city fire department pension fund

without regard to age upon retirement after twenty years of service; and

except that the normal service retirement benefit specified in section

five hundred five of this article shall be paid to New York city

uniformed correction/sanitation revised plan members after twenty years

of service. Early service retirement shall be permitted upon retirement

after twenty years of credited service or attainment of age sixty-two,

provided, however, that New York city police/fire revised plan members,

New York city uniformed correction/sanitation revised plan members and

investigator revised plan members shall not be eligible to retire for

service prior to the attainment of twenty years of credited service.