NY A10370

Creates an optional 25-year retirement plan for county and municipal airport firefighters responsible for aircraft rescue and firefighting services, including fire suppression, emergency response, hazardous materials response, and fire prevention on airport property

Provides a retirement allowance equal to 50% of final average salary after 25 years of service, with benefits increasing by 1/60th of final average salary for each additional year, capped at 75% of final average salary

Requires employers to elect participation by adopting a resolution and filing it with the comptroller, with past service costs payable over 5 or 10 years at the employer's option

Estimated to increase employer contributions by approximately 5% of affected members' salaries annually, plus a one-time past service cost averaging about 50% of affected members' salaries

Allows service credit from prior employment as state police, paid firefighters, police officers, correction officers, or criminal investigators to count toward the 25-year requirement