Bill > S06989

This bill establishes two alternative retirement plans for specific law enforcement officers in New York state, including environmental conservation officers, forest rangers, regional state park police, and university police officers. The first plan (Section 383-e) is for officers who became members on or after January 9, 2010, and allows retirement after 20 years of service with a pension equal to half of their final average salary, with the option to earn additional pension credits for years of service beyond 20, up to a maximum of three-quarters of their final average salary. The second plan (Section 383-f) is for officers who became members before January 9, 2010, and offers retirement after 25 years of service with a pension of 58.333 percent of their final average salary, with similar provisions for additional credits. Both plans provide full credit for previous law enforcement service, military service, and allow for the transfer of retirement system memberships. The bill also includes a provision that members can make an irrevocable election to join these plans, and it is estimated to increase annual state contributions by approximately $6.9 million, with a one-time past service cost of about $96.2 million.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S6989