Bill > A08085

This bill modifies the retirement and social security law to allow three specific groups of public safety workers to receive additional service credit in an optional twenty-year retirement plan. Specifically, state university police officers, regional state park police officers, and detective investigators from the attorney general's office who have been previously credited with service in the New York state and local employees' retirement system or police and fire retirement system can now receive additional pension benefits. To qualify, these workers must have completed twenty years of service and be retiring. They can receive up to five years of additional service credit, with each year of previous service earning one-sixtieth of their final average salary. To obtain this credit, members must pay their retirement system a sum equal to three percent of their compensation from the twelve months immediately preceding their application for credit. The bill aims to provide enhanced retirement benefits for these specific public safety workers by allowing them to retrospectively credit their prior service toward their pension calculations. The legislation would take effect immediately upon enactment, and while the exact number of affected members is not determinable, the state anticipates potential past service costs of approximately 22% of an affected member's compensation for each additional year of service credit granted.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8085