Bill > S05754

This bill authorizes an optional retirement plan for fire marshals I and supervisors in Suffolk County, allowing them to retire after 25 years of service with a pension benefit of one-half of their final average salary. The plan provides additional benefits for service beyond 25 years, with members earning one-sixtieth of their final average salary for each additional year of service, up to a maximum of three-fourths of their final average salary. The bill allows Suffolk County, towns, and villages in Suffolk County to elect to provide this retirement option for eligible fire marshal employees. Members who are currently in the retirement system (specifically those under Article 14) will have one year to make an irrevocable election to switch to this new 25-year retirement plan. Participating employers will bear the costs associated with implementing this plan, including an anticipated increase in annual contributions of approximately 6% of salaries for eligible members and a one-time past service cost estimated at around 40% of covered employees' salaries. The bill is designed to provide these specific public safety workers with an earlier retirement option that recognizes their years of service.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S5754