New York Retirement & Social Security Law Article 14 - COORDINATED-ESCALATOR RETIREMENT PLAN

• 500 - Application.
  a. Notwithstanding any other provision of law, except as otherwise provided in subdivisions c and f of this section, the provisions of this article shall...
• 501 - Definitions.
  The following words and phrases as used in this article shall have the following meanings unless a different meaning is plainly required by the context....
• 502 - Eligibility for Sevice Retirement Benefits; Minimum Service Requirements.
  502. Eligibility for service retirement benefits; minimum service requirements. a. A member who first joins a public retirement system of this state on or after...
• 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,...
• 504 - Service Retirement Benefits; General Members.
  a. The service retirement benefit for general members at normal retirement age with twenty or more years of credited service shall be a pension equal...
• 504-a - Twenty-Year Retirement Program for New York City Correction Members Below the Rank of Captain.
  a. Definitions. The following words and phrases as used in this section shall have the following meanings unless a different meaning is plainly required by...
• 504-b - Twenty-Year Retirement Program for New York City Correction Members of the Rank of Captain or Above.
  a. Definitions. The following words and phrases as used in this section shall have the following meanings unless a different meaning is plainly required by...
• 504-c - Supplemental Retirement Allowance.
  Individuals who are receiving benefits from the New York state and local employees' retirement system pursuant to this article and who will not be eligible...
• 504-d - Twenty-Year Retirement Program for New York City Correction Members.
  a. Definitions. The following words and phrases as used in this section shall have the following meanings unless a different meaning is plainly required by...
• 505 - Service Retirement Benefits; Police/fire Members, New York City Uniformed Correction/sanitation Revised Plan Members and Investigator Revised Plan Members.
  a. The normal service retirement benefit for police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members at normal retirement...
• 506 - Ordinary Disability Benefits.
  a. A member in active service who is not eligible for a normal retirement benefit shall, upon completing five years or more of service, be...
• 507 - Accidental Disability Benefits.
  a. A member in active service, or a vested member incapacitated as the result of a qualifying World Trade Center condition as defined in section...
• 507-a - Disability Retirement.
  a. Subject to the provisions of subdivision e of this section, application for a disability retirement allowance for a member in the uniformed personnel in...
• 507-b - Performance of Duty Disability Retirement.
  a. Any member in the uniformed personnel in institutions under the jurisdiction of the department of corrections and community supervision or a security hospital treatment...
• 507-c - Performance of Duty Disability Retirement; New York City Department of Correction.
  a. Any member in the uniformed personnel in institutions under the jurisdiction of the New York city department of correction, who becomes physically or mentally...
• 507-d - Disability Benefits.
  A county may elect to make the benefits provided herein available to the sheriff, undersheriff, deputy sheriffs who are engaged directly in criminal law enforcement...
• 507-e - Uniformed Court Officers and Peace Officers; Certain Disabilities.
  Notwithstanding any provision of this chapter or of any general, special or local law to the contrary, any member who is a uniformed court officer...
• 507-f - Accidental Disability Retirement; Westchester County District Attorney Investigators.
  The county of Westchester may elect to make the benefits provided in this section available to criminal investigators, senior criminal investigators, deputy chief criminal investigators,...
• 507-g - Payment of Both Pensions for Accident and Other Benefits Prohibited; Westchester County District Attorney Investigators.
  a. If any benefits under the workers' compensation law may be or become payable as the result of accidental disability or accidental death, no payment...
• 507-h - Retirement for Disability Incurred in Performance of Duty; Westchester County District Attorney Investigators.
  a. The county of Westchester may elect to make the benefits provided herein available to criminal investigators, senior criminal investigators, deputy chief criminal investigators, and...
• 507-i - Disability Benefits; Westchester County District Attorney Investigators.
  The county of Westchester may elect to make the benefits provided in this section available to criminal investigators, senior criminal investigators, deputy chief criminal investigators,...
• 508 - Death Benefits.
  a. A member of a retirement system who is subject to the provisions of this article, exclusive of those members for whom provision is made...
• 508-a - Death Benefit for Vested Members Who Die Prior to Retirement.
  a. A death benefit plus the reserve-for-increased-take-home-pay, if any, shall be payable upon the death of a member of a retirement system who: 1. Died...
• 509 - Accidental Death Benefits.
  a. The eligible beneficiary of a member in service, or a vested member that dies as a result of a qualifying World Trade Center condition...
• 510 - Escalation of Benefits.
  a. Service retirement, disability and survivor benefits shall be subject to annual escalation as provided in this section. b. The term "full escalation date" shall...
• 511 - Coordination With Social Security Benefits.
  a. A member's service retirement or disability benefit shall be reduced by fifty percent of the primary social security retirement or disability benefit, as the...
• 512 - Final Average Salary.
  a. A member's final average salary shall be the average wages earned by such a member during any three consecutive years which provide the highest...
• 513 - Credit for Service.
  a. Part-time service. 1. A member who works less than full time, which for the purposes of this article shall mean less than thirty hours...
• 514 - Options.
  a. A member, or if he or she is an incompetent, the member's spouse or the committee of such member's property, may elect to receive...
• 515 - Optional Retirement Program.
  a. Any optional retirement program authorized by state law which, on the day before the effective date of this article, would be available to an...
• 516 - Vesting.
  a. A member who has five or more years of credited service or ten or more years of credited service for members who first join...
• 517 - Member Contributions.
  a. Members shall contribute three percent of annual wages to the retirement system in which they have membership, provided that such contributions shall not be...
• 517-a - Termination of Membership.
  With respect to the New York state employees' retirement system and the New York state and local police and fire retirement system, membership in the...
• 517-b - Loans to Members of a Teachers' Retirement System.
  a. A member of a teachers' retirement system in active service who has credit for at least one year of member service may borrow, no...
• 517-c - Loans to Members of Certain Retirement Systems.
  a. For the purposes of this section, the term "retirement board" or "board" shall mean the head of the retirement system as defined in subdivision...
• 518 - Election of Coverage Under Article.
  a. Except as provided in subdivision c hereof, a member of a public retirement system of the state on June thirtieth, nineteen hundred seventy-six who...
• 519 - Effect of Other Laws.
  1. Any other provision of this chapter, of the state education law or of the administrative code of the city of New York, or rules...
• 520 - Duration.
  Notwithstanding any other provision of this chapter or of any other law, effective January first, nineteen hundred seventy-seven, all benefits provided by a public retirement...

Last modified: February 3, 2019