Bill > S07340

This bill allows Michael J. Cappiello, a former Long Island Railroad Company police department officer who is currently a member of the New York State and Local Police and Fire Retirement System (NYSLPFRS), to purchase up to three years of service credit for his previous employment. To do so, he must file a written request with the retirement system within one year of the bill's effective date and pay a sum equal to three percent of his compensation during his last twelve months of credited service, multiplied by the number of years of service he wishes to claim. The state of New York will bear all past service costs associated with this implementation, which are estimated at approximately $153,000, with Cappiello personally contributing about $18,000. This bill is significant because under current law, service with the Long Island Railroad Company can only be credited through the Metropolitan Transportation Authority police retirement program, which Cappiello never joined, thus preventing him from transferring his previous service credit. By passing this bill, Cappiello will be able to retroactively receive credit for his prior police service, potentially improving his retirement benefits.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7340