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NY A10438
Bill
Status
3/6/2026
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Establishes longevity bonuses for NYC Fire Department members that increase the salary used for pension calculations based on years of service at retirement
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Members retiring with 25+ years of service receive a 5% bonus, 30+ years receive 10%, and 35+ years receive 15% of the highest grade of pay for their rank
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Employer contributions to the Fire Pension Fund would increase from $2.7 million in FY2028 to $54.8 million by FY2051
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A Tier 2 firefighter retiring with 32 years of service would receive approximately $8,452 more in annual pension benefits
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The entire cost increase would be allocated to New York City, with an unfunded accrued liability increase of $23.2 million
Legislative Description
Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service.
Last Action
referred to governmental employees
3/6/2026