Bill > S07363

This bill allows certain law enforcement and investigative professionals to receive additional retirement service credit in an optional twenty-year retirement plan. Specifically, it permits state university police officers, regional state park police officers, and detective investigators for the attorney general's office who have completed 20 years of service to receive up to five years of additional pension credit for their previous service. To obtain this credit, members must pay the retirement system three percent of their most recent annual compensation for each year of service they wish to claim. The additional pension credit will be calculated as one-sixtieth of the member's final average salary for each qualifying year of previous service. This legislation aims to provide enhanced retirement benefits for these specific public safety and law enforcement professionals by allowing them to retroactively receive credit for their prior years of service in their respective roles. The bill would take effect immediately upon passage, and the potential costs would be shared between the State of New York and local participating employers in the New York State and Local Police and Fire Retirement System.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7363