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NY A08322
Bill
Status
5/13/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Equalizes pension salary base calculations for NYC police officers hired on or after July 1, 2000 (Tier 2 members) with those hired before that date
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Changes salary base for affected officers from final 12 months of earnings only to the greater of final 12 months or the highest three consecutive years of service
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Applies to approximately 10,574 active NYPD members with average age of 44.1 years, average service of 18.3 years, and average salary of $165,900
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Increases employer contributions (paid by NYC) by $8.4 million in FY 2026, declining to $7.8 million by FY 2030, then dropping to under $1 million annually thereafter
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Creates an unfunded accrued liability of $28.5 million to be amortized over 5 years with $7.2 million annual payments
Legislative Description
Relates to the determination of salary base for members of the New York city police pension fund; provides that the salary base for members of the New York city police pension fund whose employment with the police department of the city of New York commenced on or after July 1, 2000 shall be determined in the same manner as members whose employment commenced prior to such date.
Last Action
print number 8322a
2/24/2026