Bill > S07866

This bill establishes a twenty-two year retirement program specifically for deputy sheriffs employed by the city of New York in various ranks, including deputy city sheriff level one, deputy city sheriff level two, supervising deputy sheriff, and administrative sheriff. The program allows these deputy sheriffs to elect to participate in a new retirement plan with several key provisions: they can retire after 20 years of service with a retirement benefit of 42% of their final average salary, plus an additional 4% for each year of service beyond 20 years up to 22 years total. Participants must make additional member contributions of 6.75% of their compensation and will pay basic member contributions of 3% for up to 25 years. The program offers accidental disability retirement benefits equal to 75% of final average salary without a social security offset and provides vesting options for those who leave service before retirement. Participation is optional for current and future deputy sheriffs, and they must make an election within 180 days of the program's effective date. The bill modifies various sections of the retirement and social security law to incorporate this new retirement plan, ensuring that deputy sheriffs have a specialized retirement option tailored to their specific job roles and service requirements.

Budget and Finance, Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S7866