NY S06988

Allows New York City police officers who previously worked as traffic enforcement agents to count that prior service toward their police pension retirement eligibility and benefits

Requires officers to pay into the pension fund the total amount they would have owed had they been police officers during their traffic enforcement service period

Applies only to members appointed as traffic enforcement agents before July 1, 2009

Increases NYC employer contributions by $8.6 million in fiscal year 2026, declining to $6.8 million by 2030, then generating savings of $3.2 million to $0.1 million annually through 2050

Affects approximately 211 active police officers with an average of 4.6 years of traffic enforcement service and creates a $38.2 million increase in unfunded accrued liability