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NY S06437
Bill
Status
12/19/2025
Primary Sponsor
Robert Jackson
Click for details
AI Summary
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Allows Tier 2 members of the New York City Police Pension Fund to transfer service credit for prior work as an assistant district attorney in NYC counties or as an examining attorney for the NYC Commission to Combat Police Corruption
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Transferred service would count as uniformed police service for determining both eligibility and benefit amounts, rather than being credited at the lower civilian service rate
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Members must pay or transfer all required contributions plus 5% annual interest to receive credit for the prior attorney service
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Membership in the NYC Employees' Retirement System ceases upon transfer, with no retained service credit in that system
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Fiscal impact shows initial increased employer contributions of $340,000 (FY 2026) and $315,000 (FY 2027), followed by decreases totaling approximately $775,000 through FY 2040, with costs allocated entirely to New York City
Legislative Description
Provides for the transfer of service credit by a member of the New York city police pension fund into the New York city police pension fund.
Last Action
VETOED MEMO.149
12/19/2025