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NY A07257
Bill
Status
5/16/2023
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Increases retirement benefits for Nassau County correction officers, sheriffs, deputy sheriffs, and undersheriffs by adding an extra one-sixtieth of final average salary for each year of service beyond 25 years, up to 30 years of service.
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Changes retirement eligibility language from "shall retire" to "may retire" after 25 years of service, making retirement optional rather than mandatory.
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Replaces gendered pronouns with gender-neutral language throughout the retirement law provisions.
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Requires Nassau County to bear all past service costs of approximately $10.5 million, which may be amortized over 10 years at an estimated cost of $1.35 million annually with interest.
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Exempts the bill from the standard appropriation requirement under retirement and social security law and makes it effective immediately upon enactment for all members retiring on or after that date.
Legislative Description
Modifies the retirement benefits for certain county correction officers, uniformed correction division personnel, sheriffs, deputy sheriffs and undersheriffs in Nassau county to provide an additional retirement allowance for each year of creditable service in excess of twenty-five years but not in excess of thirty years.
Last Action
print number 7257a
1/12/2024