Bill > A08322

This bill amends the Retirement and Social Security Law to ensure that the "salary base," which is a key component in calculating pension benefits for members of the New York City Police Pension Fund, is determined uniformly for all members. Specifically, it mandates that police officers whose employment with the New York City Police Department began on or after July 1, 2000, will have their salary base calculated in the same way as officers hired before that date. Previously, officers hired after July 1, 2000, had their salary base based solely on their final 12 months of service, while those hired before that date had their salary base calculated as the greater of their final 12 months of service or the average of their earnings over any consecutive three-year period. This change aims to create parity in pension calculations for these police officers and applies to those who retire on or after the bill's immediate effective date.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8322