(i) Be payable only if such member has attained age sixty at the time
of retirement and has not completed twenty-five years of service as a
university police officer in the service of the state university for
which he or she receives credit under this article, and
(ii) Not increase the total allowance to more than he or she would
have received had his or her total service been rendered as a university
police officer in the service of the state university. For the purpose
only of determining the amount of the pension provided herein, the
annuity shall be computed as it would be:
(A) if not reduced by the actuarial equivalent of any outstanding
loan, and
(B) if not increased by the actuarial equivalent of any additional
contributions, and
(C) if not reduced by reason of the member's election to decrease his
or her annuity contributions to the retirement system in order to apply
the amount of such reduction in payment of his or her contributions for
old-age and survivors insurance coverage.
g. The increased pensions to a university police officer in the
service of the state university, as provided by this section, shall be
paid from additional contributions made by the state on account of such
members. The actuary of the retirement system shall compute the
additional contribution of each member who elects to receive the special
benefits provided under this section. Such additional contributions
shall be computed on the basis of contributions during the prospective
service of such member which will cover the liability of the retirement
system for such extra pensions. Upon approval by the comptroller, such
additional contributions shall be certified by him or her to the
chancellor of the state university. The amount thereof shall be included
in the annual appropriation of the state for the state university. Such
amount shall be paid on the warrant of the comptroller to the pension
accumulation fund of the retirement system.
h. In computing the twenty-five years of completed service of a
university police officer in the service of the state university, full
credit shall be given and full allowance shall be made for service of
such member in war after World War I as defined in section two of this
chapter, provided such member at the time of his of her entrance into
the armed forces was in state service, and full credit and full
allowance shall be made for service as a university peace officer prior
to the effective date of chapter four hundred twenty-four of the laws of
nineteen hundred ninety-eight.
i. The provisions of this section shall be controlling notwithstanding
any provision in this article to the contrary.
j. Notwithstanding any provision of subdivision d, e or i of this
section to the contrary, a member who is in the collective negotiating
unit designated as the agency police services unit and established
pursuant to article fourteen of the civil service law and who has
elected or is required to contribute in accordance with this section
may, on or before March thirty-first, two thousand sixteen, elect to
come under the provisions of section three hundred seventy-five-h of
this article. Such election shall be duly executed and filed with the
comptroller.
k. Commencing with the effective date of this section and in a manner
determined by the head of the retirement system, the state, as employer,
shall make contributions to the retirement system to fund the past
service liability costs associated with the implementation of this
section as those costs are calculated by the retirement system actuary.
Such contributions may, at the election of the employer, be amortized
over a ten year period.
Structure New York Laws
RSS - Retirement and Social Security
Article 8 - New York State and Local Police and Fire Retirement System
Title 10 - Special Retirement Plans Applicable to Specified Classes of Members
381 - Retirement of Members in the Division of State Police; Closed Plan.
381-A - Retirement of Members or Officers of the State Police; New Plan.
381-B - Retirement of Members or Officers of the State Police; Twenty Year Retirement Plan.
382 - Optional Retirement of Members in the Division of State Police After Twenty Years of Service.
383 - Retirement of Members in Regional State Park Police Service.
383-A - Retirement of Members of the Regional State Park Police; New Plan.
383-B*2 - Retirement of Members of the Capital Police Force in the Office of General Services.
384 - Optional Retirement of Certain Police Officers and Firefighters.
384-A - Additional Pension Benefits for Certain Police Officers After Twenty-Five Years Service.
384-C - Additional Pension Benefits for Certain Police Officers After Twenty-Five Years of Service.
384-E - Additional Pension Benefit for Members of Optional Twenty Year Retirement Plan.
385 - Retirement of Members in the Nassau County Police Department.
385-A - Retirement of Members of the Nassau County Police Force; New Plan.
387 - Retirement of Members in the Suffolk County Police Force.
387-A - Retirement of Members of the Suffolk County Police Force; New Plan.
388 - Retirement of Members in the City of Yonkers Police Force and Fire Department.