Bill > S04598

This bill provides an opportunity for certain Emergency Medical Technicians (EMTs) in the New York City Employees' Retirement System (NYCERS) to opt into the twenty-five year retirement program. Specifically, the bill allows EMT members who previously chose to exempt themselves from the improved retirement program an additional 180-day window to reconsider and join the program. To be eligible, the individual must be an active EMT member at the time of filing and will be required to pay additional member contributions retroactively from their original start date as an EMT member, including interest. The provision applies to Tier 4 and Tier 6 EMT members who are over the age of 25 when initially employed and had previously elected not to participate in the twenty-five year retirement program. The fiscal note indicates that this change could impact a small group of 7 active EMT members, with an estimated initial increase in actuarial present value of approximately $394,500 for the retirement system. The bill is designed to provide flexibility for EMT members who may now want to take advantage of the more beneficial retirement program, allowing them to potentially retire earlier after 25 years of service.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S4598