Bill > A10248

This bill amends the Retirement and Social Security Law to restore the 20-year service retirement option for certain New York City uniformed correction and sanitation revised plan members, meaning these individuals can now retire with a full pension after completing 20 years of service, rather than the previously required 22 years or a higher age. This change impacts the "normal retirement age" and the conditions under which a "normal service retirement benefit" can be paid, aligning these workers with the retirement provisions previously available to some police and fire members. The bill also specifies that these members will be eligible for a normal service retirement benefit, not just an early one, upon completing 20 years of service. The fiscal note indicates this change will increase employer contributions for New York City and affect the present value of benefits and unfunded accrued liability for the New York City Employees' Retirement System (NYCERS).

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A10248