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NY A10607
Bill
Status
7/6/2022
Primary Sponsor
Peter Abbate
Click for details
AI Summary
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Allows detectives of the third grade who have served 15+ years in that rank to receive the same police pension fund rights as a third-grade detective detailed to act as a second-grade detective.
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Allows detectives of the second grade who have served 10+ years in that rank to receive the same police pension fund rights as a second-grade detective detailed to act as a first-grade detective.
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Results in increased annual pension benefits of approximately $8,200 per year for eligible third-grade detectives and $11,100 per year for eligible second-grade detectives.
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Increases estimated annual police pension benefits paid by approximately $1.2 million per year and increases annual employer contributions by approximately $1.8 million per year.
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Takes effect 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
referred to governmental employees
7/6/2022