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NY S09634

Bill

Status

Introduced

5/16/2024

Primary Sponsor

Robert Jackson

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Origin

Senate

2023-2024 General Assembly

AI Summary

  • Removes the requirement that Tier 3 police and fire enhanced plan members must be eligible for primary Social Security disability benefits (SSDI) to qualify for ordinary disability retirement (ODR).

  • Applies to New York City enhanced plan members in active service with at least five years of credited service who are not eligible for normal retirement benefits.

  • ODR benefit formula remains unchanged: greater of 33.33% of final average salary or 2% of final average salary times years of credited service, reduced by 100% of workers' compensation benefits.

  • Shifts eligibility determination from SSDI approval to the Medical Board as the responsible authority for approving ODR benefits.

  • Projected to increase employer pension contributions by $3.4 million in 2025, growing to $14.1 million annually by 2049, with costs allocated entirely to New York City.

Legislative Description

Removes eligibility or receipt of primary social security disability benefits as a condition for ordinary disability retirement for New York city enhanced plan members in active service who are not eligible for a normal retirement benefit and have completed five years or more of service.

Last Action

RECOMMITTED TO RULES

6/7/2024

Committee Referrals

Rules6/4/2024
Civil Service and Pensions5/16/2024

Full Bill Text

No bill text available