Bill > A08178

This bill amends the New York retirement and social security law to increase the mandatory retirement age for police department members from 62 to 65, specifically for those subject to the provisions of the law on or after July 1, 2025. Currently, police/fire members are required to retire at age 62, but this legislation will allow them to continue working until age 65. The bill affects Tier 3 members of the New York City Police Pension Fund (POLICE), enabling them to remain employed for an additional three years before mandatory retirement. The fiscal note indicates that this change is expected to result in a slight decrease in employer contributions over time, with projections showing reduced normal costs for new entrants. The change provides police officers more flexibility in their career timeline and potentially allows the police department to retain experienced officers for a longer period. The bill will take effect immediately upon enactment and is based on actuarial assessments that suggest minimal long-term financial impact to the pension system.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8178