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Bill > S07338


NY S07338

NY S07338
Authorizes active members of the New York state and local police and fire retirement system to purchase service credit for service with the Long Island Railroad Company police department.


summary

Introduced
04/10/2025
In Committee
04/10/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT in relation to authorizing active members of the New York state and local police and fire retirement system to purchase service credit for service with the Long Island Railroad Company police department

AI Summary

This bill allows active members of the New York State and Local Police and Fire Retirement System (NYSLPFRS) who were previously police officers with the Long Island Railroad Company (LIRR) police department to purchase up to three years of additional service credit. To be eligible, members must have at least five years of existing credited service (not including the LIRR service), file a written request within one year of the act's effective date, and pay three percent of their most recent annual compensation for each year of service credit they wish to purchase. The bill specifically addresses a current limitation where LIRR service can only be credited through the Metropolitan Transportation Authority police retirement program. All past service costs associated with implementing this bill will be paid by the state of New York, and the legislation is designed to provide retroactive service credit recognition for qualifying police officers who previously worked for the LIRR. The fiscal note estimates that for each year of service credit purchased, the past service cost will be approximately 22% of the affected member's compensation, though the exact number of members who will benefit is uncertain.

Committee Categories

Labor and Employment

Sponsors (1)

Last Action

REFERRED TO CIVIL SERVICE AND PENSIONS (on 04/10/2025)

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