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NY A08267
Bill
Status
5/6/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Extends eligibility for Transit Police Officers' and Transit Police Superior Officers' Variable Supplements Fund (VSF) benefits to former NYCERS members who retired between October 1, 1968 and June 30, 1987, changing the previous eligibility start date of July 1, 1987
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Eligible retirees must have retired with 20 or more years of service as transit police officers or transit police superior officers from the New York City Transit Police
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Approximately 283 retirees with an average age of 83.4 years would become eligible for the $12,000 annual VSF benefit payment
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Requires a one-time New York City employer contribution of $18.1 million in fiscal year 2026 to fund the expanded benefits, with no additional contributions needed in subsequent years
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Benefits would be payable prospectively starting on December 15th following the effective date and continue annually for the lifetime of eligible retirees
Legislative Description
Extends the benefits of the variable supplements fund for transit police members of the New York city employees' retirement system for persons who retired on or after October 1, 1968.
Last Action
print number 8267a
2/26/2026