State Codes and Statutes

Statutes > New-york > Rss > Article-16 > 651

§  651.  Reduction of retirement age. a. A member described in section  six hundred fifty of this article may,  subject  to  the  provisions  of  subdivision  b  of  this section (and notwithstanding the provisions for  benefit reduction contained in subdivision a  of  section  four  hundred  forty-two  and  subdivision  c  of  section  five  hundred  four of this  chapter), retire without reduction of  his  or  her  service  retirement  benefit  prior  to  the  attainment  of  the  normal  retirement  age in  accordance with the following schedule:    (i) For each full  year  of  covered  employment  occurring  prior  to  January   first,   nineteen  hundred  seventy-one,  his  or  her  normal  retirement age shall be reduced by six months; and    (ii) For each full year  of  covered  employment  occurring  prior  to  January  first,  two  thousand  nine  which  is  subsequent  to December  thirty-first, nineteen hundred seventy, his or her normal retirement age  shall be reduced by four months.    b. Provided however, that nothing herein:    (i) Shall permit a member of  Tier  one  to  retire,  other  than  for  disability,  prior  to  the attainment of age fifty, or a member of Tier  two, three or four to retire, other than for disability,  prior  to  the  attainment of age fifty-five; and    (ii)  Shall  be construed to affect any other condition or requirement  of any general, special or local law.

State Codes and Statutes

Statutes > New-york > Rss > Article-16 > 651

§  651.  Reduction of retirement age. a. A member described in section  six hundred fifty of this article may,  subject  to  the  provisions  of  subdivision  b  of  this section (and notwithstanding the provisions for  benefit reduction contained in subdivision a  of  section  four  hundred  forty-two  and  subdivision  c  of  section  five  hundred  four of this  chapter), retire without reduction of  his  or  her  service  retirement  benefit  prior  to  the  attainment  of  the  normal  retirement  age in  accordance with the following schedule:    (i) For each full  year  of  covered  employment  occurring  prior  to  January   first,   nineteen  hundred  seventy-one,  his  or  her  normal  retirement age shall be reduced by six months; and    (ii) For each full year  of  covered  employment  occurring  prior  to  January  first,  two  thousand  nine  which  is  subsequent  to December  thirty-first, nineteen hundred seventy, his or her normal retirement age  shall be reduced by four months.    b. Provided however, that nothing herein:    (i) Shall permit a member of  Tier  one  to  retire,  other  than  for  disability,  prior  to  the attainment of age fifty, or a member of Tier  two, three or four to retire, other than for disability,  prior  to  the  attainment of age fifty-five; and    (ii)  Shall  be construed to affect any other condition or requirement  of any general, special or local law.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Rss > Article-16 > 651

§  651.  Reduction of retirement age. a. A member described in section  six hundred fifty of this article may,  subject  to  the  provisions  of  subdivision  b  of  this section (and notwithstanding the provisions for  benefit reduction contained in subdivision a  of  section  four  hundred  forty-two  and  subdivision  c  of  section  five  hundred  four of this  chapter), retire without reduction of  his  or  her  service  retirement  benefit  prior  to  the  attainment  of  the  normal  retirement  age in  accordance with the following schedule:    (i) For each full  year  of  covered  employment  occurring  prior  to  January   first,   nineteen  hundred  seventy-one,  his  or  her  normal  retirement age shall be reduced by six months; and    (ii) For each full year  of  covered  employment  occurring  prior  to  January  first,  two  thousand  nine  which  is  subsequent  to December  thirty-first, nineteen hundred seventy, his or her normal retirement age  shall be reduced by four months.    b. Provided however, that nothing herein:    (i) Shall permit a member of  Tier  one  to  retire,  other  than  for  disability,  prior  to  the attainment of age fifty, or a member of Tier  two, three or four to retire, other than for disability,  prior  to  the  attainment of age fifty-five; and    (ii)  Shall  be construed to affect any other condition or requirement  of any general, special or local law.