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NY A08669
Bill
Status
5/27/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Allows NYCERS Tier 4 and Tier 6 dispatcher members who were over age 30 when joining the Dispatcher 25-Year Retirement Plan a new 180-day window to opt out of the plan if they missed the original deadline
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Requires the retirement system to post the opt-out form and instructions on its website within 30 days of the law taking effect, with homepage announcement
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Extends the opt-out deadline by 60 days for each month the retirement system fails to post the required form and instructions
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Increases employer contributions starting at $572,000 in fiscal year 2026, with costs allocated entirely to New York City
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Impacts approximately 54 active members with an average age of 46.3 years and average salary of $84,400
Legislative Description
Permits certain twenty-five year retirement program dispatcher members to file elections not to participate.
Last Action
substituted by s8121a
6/16/2025