Bill > A08520

This bill establishes a twenty-two year retirement program specifically for deputy sheriff members employed by the city of New York as deputy city sheriff level one, deputy city sheriff level two, supervising deputy sheriff, or administrative sheriff. Under this optional program, participants can retire after twenty years of service with a retirement benefit calculated at 42% of their final average salary for the first 20 years, with an additional 4% for each year of service beyond 20 up to 22 years. Participants must make additional member contributions of 6.75% of their compensation and will contribute 3% of their annual wages to the pension fund for up to 25 years. The bill provides several key provisions, including an accidental disability retirement benefit equal to 75% of final average salary, a vested benefit option, and the ability to elect into the program within 180 days of its starting date. The program is designed to offer more favorable retirement terms for deputy sheriff members, with the city of New York picking up the additional member contributions. Participation is voluntary, and members who choose to join will be part of a new "New York city deputy sheriff revised plan" within the existing retirement system.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8520