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NY A10579
Bill
Status
3/13/2026
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Allows Tier 4 and Tier 6 EMT members in the NYC Employees' Retirement System who previously opted out of the 25-year retirement program a second opportunity to opt in
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Eligible members must file an election form with the retirement system within 180 days of the law's effective date and must be active EMT members at the time of filing
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Members who elect to join must pay all additional member contributions (6.25% of compensation) retroactively from their original EMT hire date, plus interest
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Increases employer contributions initially by $121,000 in FY 2027, declining to $101,000 by FY 2029, then produces savings of $5,000-$20,000 annually through FY 2051
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Impacts an estimated 5 active members with an average age of 46.8 years and 25.2 years of service
Legislative Description
Provides for eligibility of certain participants in the New York City employees retirement system to opt into the twenty-five year retirement program for EMT members.
Last Action
referred to governmental employees
3/13/2026