Bill > A08026

This bill restores the 20-year service retirement option for New York City uniformed sanitation workers in the revised retirement plan. Specifically, the legislation amends the existing retirement and social security law to allow sanitation workers to receive a normal service retirement benefit after completing 20 years of service, instead of the previously required 22 years. This change means that eligible sanitation workers can now retire with full benefits at 20 years of service, rather than having to work an additional two years. The bill modifies the definition of "normal retirement age" for this specific group of workers and adjusts the service retirement benefit provisions accordingly. According to the fiscal note, this change will impact approximately 5,074 active NYCERS (New York City Employees' Retirement System) Tier 3 Sanitation Revised Plan members, with an average age of 39.9 years and average service of 6.5 years. The legislation will increase the annual benefit from 42% to 50% of Final Average Salary for members retiring with at least 20 years of service, and is expected to result in increased employer contributions over the next 25 years.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8026