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NY A04018
Bill
Status
12/8/2023
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Establishes a 20-year retirement plan for sworn law enforcement members in the Department of Environmental Conservation, including forest rangers, police officers, regional state park police, and university police officers.
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Members completing 20 years of service receive a retirement allowance equal to one-half of their final average salary; each additional year beyond 20 years adds one-sixtieth of final average salary, capped at three-quarters of final average salary.
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Members without 20 years of service at mandatory retirement age receive one-fortieth of final average salary per year of creditable service, plus credit for prior police service and military service after World War I.
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Allows current members to elect coverage under this plan and permits retroactive transfer of service credit between the state employees' retirement system and the state police and fire retirement system.
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Imposes immediate past service costs of approximately $66.7 million on New York State, with annual ongoing costs of approximately $6.0 million, amortizable over 10 years if the state elects.
Legislative Description
Relates to establishing a twenty year retirement plan for members or officers of law enforcement; includes every non-seasonally appointed sworn member or officer of the division of law enforcement in the department of environmental conservation, a forest ranger in the service of the department of environmental conservation, a police officer in the department of environmental conservation, the regional state park police, and university police officers in such twenty year plan.
Last Action
tabled
12/8/2023