Bill > A07827

This bill amends the retirement and social security law to modify how military service credit is calculated for members of the New York State and Local Police and Fire Retirement System (NYSLPFRS). Currently, Tier 6 members who first join the public retirement system on or after April 1, 2012, must pay 6% of their compensation from the 12 months of credited service for each year of military service credit they want to purchase. Beginning April 1, 2026, the bill reduces this payment requirement to 3% of their compensation for each year of military service claimed. This change means that Tier 6 members will pay less to obtain military service credit, which could make it more affordable for eligible members to buy back their military service time. The bill aims to provide a financial benefit to public safety workers who have served in the military by making it easier and less expensive for them to receive credit for their military service in their retirement system.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A7827