Bill
Bill > S07108
NY S07108
NY S07108Relates to authorizing state university police, regional state park police and detective investigators for the office of the attorney general to receive additional service credit in an optional twenty year retirement plan.
summary
Introduced
05/18/2023
05/18/2023
In Committee
03/12/2024
03/12/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the retirement and social security law, in relation to authorizing certain persons in an optional twenty year retirement plan to receive credit for previous service as a state university police officer, a regional state park police officer or a detective investigator for the office of the attorney general
AI Summary
This bill allows certain state university police officers, regional state park police officers, and detective investigators for the Office of the Attorney General to receive up to five years of additional service credit in an optional 20-year retirement plan. To obtain this credit, affected members must pay 3% of their compensation earned during the 12 months preceding their application for the additional service credit. The bill aims to provide these public safety personnel with increased pension benefits after 20 years of service.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (3)
Last Action
PRINT NUMBER 7108B (on 03/25/2024)
Official Document
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