Bill > A05767

This bill creates an optional twenty-five year retirement plan specifically for uniformed court officers and peace officers employed by the unified court system. Under this new plan, eligible members can retire after completing 25 years of total creditable service, which includes service as a uniformed court officer, peace officer, or other related public safety roles like police officer or firefighter. Upon retirement, these members will receive a pension equal to one-half of their final average salary, calculated as one-fiftieth of their final average salary multiplied by their years of credited service. The bill allows members to elect this retirement option within one year of entering service or within one year of the law's effective date, and it provides flexibility for members to use their credited service under this plan or other existing retirement plans. Financially, the state of New York will bear the immediate past service cost of approximately $121 million and anticipate increased annual contributions of around $30 million in the first fiscal year, with future annual costs expected to average 3.8% of salary. This legislation aims to provide a more accessible retirement pathway for court and peace officers in the unified court system.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A5767