Establishes a twenty year retirement option for certain deputy sheriffs employed by the city of New York

This bill creates a new twenty-year retirement option for deputy sheriffs working for the City of New York. Under the proposed changes, eligible officers could retire after twenty years of service and receive a pension equal to forty percent of their final average salary, with higher percentages for additional years of service up to a maximum benefit equivalent to thirty years of service. To qualify, these employees must make additional required contributions and file an application within a specific deadline, after which their election to join this program cannot be reversed. The legislation modifies existing retirement laws to establish these new rules and benefits specifically for this group of law enforcement personnel.