Bill > S07143

This bill provides alternative retirement benefits specifically for police officers employed at Erie County Medical Center. The bill establishes that qualifying members can retire after 25 years of creditable service or after 10 years of service, with a retirement allowance calculated as one-fiftieth of their final average salary for each year of qualifying service, not to exceed 75% of their final average salary. Qualifying members are defined as sworn police department employees at Erie County Medical Center. The bill allows members to transfer service credits from other retirement plans, and mandates that members appointed after the bill's effective date must retire at age 62. The increased costs of these benefits will be paid by additional employer contributions. The bill aims to create a more flexible retirement option for these specific police officers, allowing them to retire earlier and with a potentially more beneficial pension calculation. All costs associated with implementing this act will be borne by Erie County Medical Center, and the bill is set to take effect immediately upon passage.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7143