State Codes and Statutes

Statutes > New-york > Rss > Article-8 > Title-10 > 384-a

§  384-a.  Additional  pension  benefits  for  certain policemen after  twenty-five years of service. a. In the event a  member  of  the  police  force  of  the  village  of  Hempstead,  in the county of Nassau, who is  contributing to  the  retirement  system  under  section  three  hundred  eighty-four of this chapter, shall continue in service after twenty-five  years  of  total  creditable  police  service under such section in such  force, he shall receive, upon retirement, in addition to the  amount  of  any  retirement  allowance  he  would  otherwise be entitled to receive,  pursuant to the applicable provisions of  this  chapter,  an  additional  pension for such service of one-sixtieth of his final average salary for  each  completed  additional year of service after twenty-five years. The  participating employer in the case of any  policeman  eligible  for  the  additional  pension  benefit  prescribed  by  this  section  shall  make  additional contributions to  the  appropriate  fund  of  the  retirement  system necessary to pay the difference between the amounts prescribed by  this  section  and  the amount the member would otherwise be entitled to  receive at the time of his retirement.    b. The service in the police  force  of  each  member  of  such  force  entitled  to  additional  pension  credit  under  this  section shall be  terminated and he shall be retired on the  first  day  of  the  calendar  month  next  succeeding his attainment of age sixty-two provided however  that in the case of the chief  of  such  force,  his  service  shall  be  terminated  and  he  shall  be  retired on the first day of the calendar  month next succeeding his attainment of age sixty-five.  Notwithstanding  the  foregoing,  during  the  period  terminating  March   thirty-first,  nineteen  hundred seventy-four, such chief shall be retired on the first  day of the calendar month next succeeding his attainment of age seventy;  provided that  service  rendered  by  such  chief  after  attaining  age  sixty-five shall not be used to provide additional benefits, except that  the  salary  paid  for  such  service  may be used in the computation of  benefits.    c. The provisions of subdivisions f, g, and h of section three hundred  eighty-four of this chapter shall not be applicable to  the  village  of  Hempstead in the county of Nassau.

State Codes and Statutes

Statutes > New-york > Rss > Article-8 > Title-10 > 384-a

§  384-a.  Additional  pension  benefits  for  certain policemen after  twenty-five years of service. a. In the event a  member  of  the  police  force  of  the  village  of  Hempstead,  in the county of Nassau, who is  contributing to  the  retirement  system  under  section  three  hundred  eighty-four of this chapter, shall continue in service after twenty-five  years  of  total  creditable  police  service under such section in such  force, he shall receive, upon retirement, in addition to the  amount  of  any  retirement  allowance  he  would  otherwise be entitled to receive,  pursuant to the applicable provisions of  this  chapter,  an  additional  pension for such service of one-sixtieth of his final average salary for  each  completed  additional year of service after twenty-five years. The  participating employer in the case of any  policeman  eligible  for  the  additional  pension  benefit  prescribed  by  this  section  shall  make  additional contributions to  the  appropriate  fund  of  the  retirement  system necessary to pay the difference between the amounts prescribed by  this  section  and  the amount the member would otherwise be entitled to  receive at the time of his retirement.    b. The service in the police  force  of  each  member  of  such  force  entitled  to  additional  pension  credit  under  this  section shall be  terminated and he shall be retired on the  first  day  of  the  calendar  month  next  succeeding his attainment of age sixty-two provided however  that in the case of the chief  of  such  force,  his  service  shall  be  terminated  and  he  shall  be  retired on the first day of the calendar  month next succeeding his attainment of age sixty-five.  Notwithstanding  the  foregoing,  during  the  period  terminating  March   thirty-first,  nineteen  hundred seventy-four, such chief shall be retired on the first  day of the calendar month next succeeding his attainment of age seventy;  provided that  service  rendered  by  such  chief  after  attaining  age  sixty-five shall not be used to provide additional benefits, except that  the  salary  paid  for  such  service  may be used in the computation of  benefits.    c. The provisions of subdivisions f, g, and h of section three hundred  eighty-four of this chapter shall not be applicable to  the  village  of  Hempstead in the county of Nassau.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Rss > Article-8 > Title-10 > 384-a

§  384-a.  Additional  pension  benefits  for  certain policemen after  twenty-five years of service. a. In the event a  member  of  the  police  force  of  the  village  of  Hempstead,  in the county of Nassau, who is  contributing to  the  retirement  system  under  section  three  hundred  eighty-four of this chapter, shall continue in service after twenty-five  years  of  total  creditable  police  service under such section in such  force, he shall receive, upon retirement, in addition to the  amount  of  any  retirement  allowance  he  would  otherwise be entitled to receive,  pursuant to the applicable provisions of  this  chapter,  an  additional  pension for such service of one-sixtieth of his final average salary for  each  completed  additional year of service after twenty-five years. The  participating employer in the case of any  policeman  eligible  for  the  additional  pension  benefit  prescribed  by  this  section  shall  make  additional contributions to  the  appropriate  fund  of  the  retirement  system necessary to pay the difference between the amounts prescribed by  this  section  and  the amount the member would otherwise be entitled to  receive at the time of his retirement.    b. The service in the police  force  of  each  member  of  such  force  entitled  to  additional  pension  credit  under  this  section shall be  terminated and he shall be retired on the  first  day  of  the  calendar  month  next  succeeding his attainment of age sixty-two provided however  that in the case of the chief  of  such  force,  his  service  shall  be  terminated  and  he  shall  be  retired on the first day of the calendar  month next succeeding his attainment of age sixty-five.  Notwithstanding  the  foregoing,  during  the  period  terminating  March   thirty-first,  nineteen  hundred seventy-four, such chief shall be retired on the first  day of the calendar month next succeeding his attainment of age seventy;  provided that  service  rendered  by  such  chief  after  attaining  age  sixty-five shall not be used to provide additional benefits, except that  the  salary  paid  for  such  service  may be used in the computation of  benefits.    c. The provisions of subdivisions f, g, and h of section three hundred  eighty-four of this chapter shall not be applicable to  the  village  of  Hempstead in the county of Nassau.