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A special 25-year retirement plan providing an alternative retirement benefit for Town of Elmira traffic district #1 traffic officers became effective July 19, 1995. The features of this plan are briefly described in this brochure.
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For information about other benefits available to you, please consult the summary of your regular plan, which is available on our website or from our Call Center.
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Eligibility
Tier 1, 2, 4, 5 and 6 members are automatically covered by this retirement plan. Tier 3 members had to elect this plan by September 1, 1996. This election is irrevocable and provides Tier 3 members coverage under the Tier 4 benefits of this plan. The Town of Elmira must certify eligible employees.
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Creditable Service
Creditable service includes all service performed as a traffic officer in the Town of Elmira traffic district #1.
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Credit may also be granted for service earned in the following eligible titles:
- Member or officer of the New York State Police;
- Paid firefighter or police officer or officer of any organized fire department or police force or department of any county, city, town, fire or police district;
- Certain military service.
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Since it may be necessary for you to purchase or transfer some of this service, please contact us to determine eligibility.
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Retirement Benefit
Sections 89-q and 603(m) of the Retirement and Social Security Law (RSSL) provide a benefit equal to 50 percent of your final average salary on completion of 25 years of creditable service, regardless of age.
When you retire, if you are eligible for a benefit under your regular retirement plan, we will compare that benefit to the one payable under Section 89-q or 603(m) and pay the greater of the two benefits.
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Disability and Death Benefits
Please consult the summary of your regular retirement plan for information about disability or death benefits.
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For More Information
If you have any questions or you need more information, you can:
- Email us using our secure contact form;
- Call our Contact Center toll-free at 1-866-805-0990, or 518-474-7736 in the Albany, New York area; or
- Write to us at:
NYSLRS
110 State Street
Albany, NY 12244-0001
You can also make an appointment to meet with an Information Representative at any of our consultation sites throughout the State. A list of these consultation sites is available on our website or from our Call Center.
VO1839 (Rev. 6/12)
© 2012, New York State and Local Retirement System
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This publication provides a general summary of retirement benefits, rights and responsibilities, and is not a substitute for any New York State or federal law. For specific information about your benefits, please contact us.