NY S04269

Amends disability retirement eligibility and benefit calculations for Tier III members of the New York City Police Pension Fund and Fire Department Pension Fund by replacing current formulas with provisions comparable to Tier I and Tier II members.

Changes ordinary disability retirement (ODR) benefits to equal 1/40 of one-year final average salary multiplied by years of service (with minimums of 1/2 or 1/3 of final average salary depending on service length) plus an annuity equal to accumulated member contributions.

Changes accidental disability retirement (ADR) benefits to 75% of one-year final average salary plus an annuity equal to accumulated member contributions, and allows Tier III members to utilize statutory presumptions for qualifying conditions (such as heart disease, cancer, and certain occupational illnesses).

Removes the requirement that Tier III disability retirees complete five or more years of service to be eligible for disability benefits and exempts these benefits from annual Tier III escalation increases while maintaining cost-of-living adjustments.

Extends presumption eligibility to Fire Department Medical Officers for heart disease, stroke, cancer, lung disease, and occupational diseases (HIV, tuberculosis, hepatitis) by allowing alternative documentation through authorized medical records release.