Bill > A08593

This bill, amending the retirement and social security law, increases the maximum amount of military service credit a member can purchase for their service from three years to four years, and clarifies that this provision is not subject to the requirement that the state make an equal payment to the retirement system. This change allows individuals who have served in the military to receive additional credit towards their retirement benefits, potentially leading to a higher pension, and it specifically modifies the conditions under which a member can obtain this credit, including honorable discharge or having a qualifying condition as defined in the veterans' services law. The bill also explicitly states that the appropriation requirement of section 25 of the retirement and social security law, which typically mandates state contributions for certain benefit enhancements, will not apply to these changes, meaning the cost of this increased credit will be borne by the members themselves through additional contributions and by participating employers in the New York State and Local Employees' Retirement System (NYSLERS) and the New York State and Local Police and Fire Retirement System (NYSLPFRS).

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A8593