§ 503. Eligibility for normal and early service retirement benefits;
age and service requirements. a. The normal service retirement benefit
specified in section five hundred four of this article shall be payable
to general members, other than elective members, who have met the
minimum service requirements upon retirement and attainment of age
sixty-two, provided, however, a general member who is a peace officer
employed by the unified court system or a member of a teachers'
retirement system may retire without reduction of his or her retirement
benefit upon attainment of at least fifty-five years of age and
completion of thirty or more years of service. For members who become
members of the New York state and local employees' retirement system on
or after April first, two thousand twelve, the normal service retirement
benefits specified in section five hundred four of this article shall be
payable to general members, other than elective members, who have met
the minimum service requirements upon retirement and attainment of age
sixty-three.

b. The normal service retirement benefit specified in section five
hundred four shall be payable to elective-general members who have met
the minimum service requirements upon retirement and attainment of
whichever of the following ages is applicable:

(i) if the member was within ten years of the normal retirement age
for the plan from which such member transferred at the time of transfer,
the normal retirement age for such plan with respect to such member.

(ii) if the member was not within ten years of the normal retirement
age of the plan from which such member transferred, at an age equal to
the normal retirement age for such plan with respect to such member plus
one year for each year such member was more than ten years from such
normal retirement age at the time of transfer, provided that normal
retirement age shall in no event be greater than five years more than
the normal retirement age of the plan from which the member transferred
or age sixty.

c. A general member shall be eligible for early service retirement at
age fifty-five with five years of credited service. A general member in
the uniformed correction force of the New York city department of
correction, who is not eligible for early service retirement pursuant to
subdivision c of section five hundred four-a of this article or
subdivision c of section five hundred four-b of this article or
subdivision c of section five hundred four-d of this article, or a
general member in the uniformed personnel in institutions under the
jurisdiction of the department of corrections and community supervision,
as defined in subdivision i of section eighty-nine of this chapter or
serving in institutions who is also in a title defined in such
subdivision and who has made an election pursuant to the provisions of
article seventeen of this chapter, shall also be eligible for early
service retirement after twenty-five years of credited service,
provided, however, that the provisions of this subdivision and
subdivision a of this section shall not apply to a New York city
uniformed correction/sanitation revised plan member or an investigator
revised plan member.

d. The normal service retirement benefit specified in section five
hundred five of this article shall be paid to police/fire members, New
York city uniformed correction/sanitation revised plan members and
investigator revised plan members without regard to age upon retirement
after twenty-two years of service. Early service retirement shall be
permitted upon retirement after twenty years of credited service or
attainment of age sixty-two, provided, however, that New York city
police/fire revised plan members, New York city uniformed
correction/sanitation revised plan members and investigator revised plan
members shall not be eligible to retire for service prior to the
attainment of twenty years of credited service.