NY S07736

Modifies eligibility and benefit calculations for ordinary and accidental disability retirement for Tier III New York Fire Department Pension Fund members to match provisions applicable to Tier I and II members under NYC Administrative Code sections 13-316, 13-352, and 13-353.

Ordinary disability retirement benefits consist of an annuity equal to accumulated contributions plus a pension of one-fortieth of final average salary multiplied by years of service, with a minimum of one-half final average salary (10+ years service) or one-third (less than 10 years service).

Accidental disability retirement benefits equal three-quarters of final average salary plus an annuity of accumulated contributions, allowing Tier III members to utilize statutory presumptions for occupational diseases.

Changes final average salary calculation for disability retirees to use the one-year period immediately prior to retirement, excluding termination pay and lump sum payments, with adjustments for authorized leave of absence.

Removes escalation adjustments under Retirement and Social Security Law Section 510 for disability benefits, replacing them with cost-of-living adjustments under Chapter 125 of the Laws of 2000; takes effect 60 days after enactment.