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NY A07403
Bill
Status
3/25/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Allows Tier 2 members of the New York City Police Pension Fund to count prior service as an assistant district attorney in NYC counties or as an examining attorney for the NYC Commission to Combat Police Corruption as uniformed police service for retirement benefit calculations
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Members must pay or transfer all member contributions plus 5% annual interest into the police pension fund to receive credit for the prior attorney service
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Members who transfer or withdraw contributions from the NYC Employees' Retirement System will have their membership in that system terminated with no retained service credit
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Fiscal impact shows initial increased employer contributions of $340,000 (FY 2026) and $315,000 (FY 2027), followed by decreases ranging from $52,000 to $92,000 annually through FY 2040
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Currently affects one identified Tier 2 police member with 10 years of eligible attorney service and a salary of $165,200
Legislative Description
Provides for the transfer of service credit by a member of the New York city police pension fund into the New York city police pension fund.
Last Action
substituted by s6437
6/16/2025