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NY A08178
Bill
Status
5/5/2025
Primary Sponsor
Charles Fall
Click for details
AI Summary
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Increases the mandatory retirement age from 62 to 65 for Tier 3 members of the New York City Police Pension Fund who become subject to Article 14 on or after July 1, 2025
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Allows affected NYPD officers to continue working past age 62 and delays when they must retire by three years
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Projected to decrease New York City employer contributions to the pension fund by $4.7 million in 2026, growing to $10.4 million annually by 2050
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Reduces the present value of employer contributions by approximately $30.3 million as of June 30, 2024
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Affects approximately 21,764 active Tier 3 POLICE members with an average age of 33.2 and average salary of $116,200
Legislative Description
Relates to increasing the mandatory retirement age for New York police department members from 62 to 65.
Last Action
referred to governmental employees
1/7/2026