Bill > A07403

This bill amends the retirement and social security law to allow members of the New York City Police Pension Fund (NYCPPF) to obtain service credit for prior work as an assistant district attorney in New York City or as an examining attorney for the New York City Commission to Combat Police Corruption. Specifically, the bill enables Tier 2 police pension fund members to transfer and receive credit for these pre-uniform service periods, provided they pay the required member contributions plus interest at a 5% annual rate. If a member transfers contributions from the New York City Employees' Retirement System (NYCERS) to the police pension fund, their NYCERS membership will cease, and they will lose any previously credited service in that system. The bill impacts only one identified Tier 2 member based on available data, and would allow this service to be included in calculating retirement benefits and minimum service requirements. The fiscal note indicates the change will have a modest financial impact, with an initial increase in employer contributions and actuarial present value, and potential future savings as the amortization payments are made.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7403