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NY S05659
Bill
Status
5/10/2019
Primary Sponsor
Andrew Gounardes
Click for details
AI Summary
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Detective 3rd grade officers with 15+ years of service in that rank receive the same pension fund rights as a Detective 3rd grade detailed to act as Detective 2nd grade
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Detective 2nd grade officers with 10+ years of service in that rank receive the same pension fund rights as a Detective 2nd grade detailed to act as Detective 1st grade
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Pension calculations for eligible detectives would be based on higher-grade salary, resulting in approximately $7,800 annual increase for 3rd grade and $10,500 for 2nd grade detectives
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Estimated annual pension benefit increase of $1.1 million with approximately $1.7 million added to annual employer contributions (amortized over 15 years)
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Effective immediately upon enactment
Legislative Description
Relates to promotions of detectives; grants detectives of the third grade and detectives of the second grade the same rights in respect to the police pension fund as detectives of a grade higher after a certain period of time.
Last Action
PRINT NUMBER 5659A
3/18/2020