NY A10558

Suffolk County correction officers would become eligible for retirement after 20 years of service instead of the current 25-year requirement

Retirement benefit at 20 years would equal 40% of final average salary, compared to 50% at 25 years or 60% at 30 years under current law

Suffolk County's annual pension contributions would increase by approximately $2.7 million beginning fiscal year 2027, raising contribution rates from 16.2% to 18.9% of salary for Tier 6 participants

One-time past service cost of $27.1 million would be borne by Suffolk County, payable as a lump sum or amortized over 10 years at $3.46 million annually

Approximately 881 correction officers with combined annual salaries of $122 million would be affected by this change