Bill > A05548

This bill amends the retirement and social security law to provide a special benefit for New York City uniformed correction revised plan members of the New York City Employees' Retirement System (NYCERS). Specifically, the bill eliminates the standard practice of reducing service retirement benefits by fifty percent of the primary Social Security retirement benefit that normally begins at age 62. This means that uniformed correction members will now receive their full pension without the typical Social Security offset. The change applies to normal service retirement benefits, early service retirement benefits, and deferred vested benefits for these specific retirement plan members. The bill will take effect 60 days after becoming law, and according to the fiscal note, this change is estimated to increase employer contributions and provide a benefit increase for approximately 3,165 active members with an average age of 39.8 years and average salary of $124,900. The fiscal impact is projected to result in increased employer contributions for New York City, with an initial actuarial present value increase of $192.7 million.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A5548