ยง 384-e. Additional pension benefit for members of optional twenty
year retirement plan. a. A participating employer which has elected, or
which elects, pursuant to section three hundred thirty or three hundred
thirty-one of this article, to provide the benefits of the optional
twenty year retirement plan for its employees as specified in section
three hundred eighty-four-d of this article may elect, pursuant to
section three hundred thirty-three of this article, to make
contributions for the purpose of providing an additional pension
pursuant to this section for members in its employ who are entitled to a
pension pursuant to section three hundred eighty-four-d of this article.
b. Upon retirement, each such member shall receive, for each year of
service in excess of twenty, an additional pension which shall be equal
to one-sixtieth of his or her final average salary; a participating
employer may elect to provide any service credit earned with a public
employer prior to service performed as a police officer or firefighter;
provided, however, that the total allowance payable pursuant to this
section shall not exceed three-quarters of such member's final average
salary.
c. A demand in collective negotiations for the additional pension
benefit provided by this section shall not be subject to the provisions
of paragraph (b) or (c) of subdivision four of section two hundred nine
of the civil service law.
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.