Bill > S08053

This bill amends the retirement and social security law to modify how military service credit is calculated for public retirement systems in New York State. Specifically, the bill allows members of retirement systems to obtain up to three years of military service credit if they were honorably discharged, have a qualifying condition as defined in the Veterans' Services Law, or are a discharged LGBT veteran. The key change is that service credit granted under Section 242 of the Military Law will now be excluded from the three-year total service credit limit. This means members can potentially receive additional military service credit beyond the previous three-year cap, which could increase their overall retirement benefits. The bill aims to provide more flexibility and recognition for military service members in their retirement calculations, with potential cost implications for state and local retirement systems that will vary depending on the retirement tier and specific circumstances of individual members.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S8053