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NY A08444
Bill
Status
5/16/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Establishes a 22.5-year retirement program for emergency medical technicians (EMTs) and advanced EMTs employed by New York City or NYC Health and Hospitals Corporation who are members of the NYC Employees' Retirement System
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Provides a retirement benefit of 50% of final average salary after 22.5 years of creditable service, plus 2% for each additional year up to 5 additional years (maximum 60% at 27.5 years)
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Requires participating members to contribute an additional 6.5% of compensation until reaching 27.5 years of credited service or one year after the program's start date, whichever is later
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Current Tier 4 and Tier 6 EMT members may elect to join within 180 days of the program's effective date; new EMT hires would be automatically enrolled in the Tier 6 version
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Estimated to increase employer contributions by approximately $30 million annually for the first 12 years, with the present value of increased benefits totaling $182 million as of June 30, 2024
Legislative Description
Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Last Action
referred to governmental employees
1/7/2026