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NY A08987
Bill
Status
8/13/2025
Primary Sponsor
Carrie Woerner
Click for details
AI Summary
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Allows disabled veterans in New York State public retirement systems to retire at age 55 with at least 13 years of credited service without any early retirement pension reduction
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Defines "disabled veteran" as a veteran certified by the U.S. Veterans' Administration or military department as having a service-connected disability rated at 60% or more
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Requires the disability to have been identified prior to the retirement date and to still be in existence at the time of retirement
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All costs for the early retirement benefit are to be paid by the state and participating employers in the retirement system
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Takes effect 120 days after becoming law; estimated cost increase per eligible member ranges from 15% to over 3.5 times final average salary depending on age, service years, and tier
Legislative Description
Provides that a member of a public retirement system of the state who is a disabled veteran may retire without reduction of their retirement benefit upon their attainment of at least fifty-five years of age and completion of at least thirteen years of credited service in such retirement system.
Last Action
referred to governmental employees
1/7/2026