Bill > S06671

This bill modifies retirement benefits for certain correction officers employed by Nassau County in New York. Specifically, the legislation allows correction officers with titles such as correction recruit, correction officer, corporal, sergeant, lieutenant, and captain to receive an enhanced retirement allowance. Currently, these employees can receive a retirement allowance equal to 50% of their final average salary after 25 years of service. Under the new bill, they would be eligible to receive 60% of their final average salary if they complete 30 years of service. The bill also stipulates that Nassau County will bear the past service costs associated with implementing these changes, which are estimated to be approximately $5.50 million. This can be paid as a one-time lump sum or amortized over a 10-year period, with annual costs around $703,000. The fiscal note indicates that the annual contributions for Nassau County are expected to increase by approximately $390,000 in the first year, with future costs averaging about 0.3% of salary annually. The changes will apply to all members who retire on or after the bill's effective date.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S6671