Bill > A08178

This bill proposes to increase the mandatory retirement age for uniform members of the New York City Police Department from 63 to 65 years old, meaning officers will be allowed to continue serving in their roles for two additional years before being required to retire and receive their pensions. This change applies to the administrative code of New York City and the retirement and social security law, specifically updating the definition of "mandatory retirement age" for these police members. The bill also includes provisions allowing members to continue serving until they have completed 35 years of creditable city service, even if they reach the new mandatory retirement age before accumulating that service time, with a cap at age 65. The fiscal note indicates that this change is expected to decrease employer contributions to the pension fund over time, as benefits would be paid out later.