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NY S07528
Bill
Status
4/21/2025
Primary Sponsor
Jessica Scarcella-Spanton
Click for details
AI Summary
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Extends eligibility for Transit Police Officers' and Transit Police Superior Officers' Variable Supplements Fund (VSF) benefits to former NYCERS members who retired between October 1, 1968 and June 30, 1987 (previously only those retiring after July 1, 1987 were eligible)
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Requires retirees to have 20 or more years of service as transit police officers to qualify for the supplemental benefits
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VSF benefits currently provide $12,000 per calendar year, paid annually around December 15th for eligible retirees' lifetimes
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Estimated 283 retired members would benefit, with an average age of 83.4 years
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Requires a one-time employer contribution of $18.1 million from New York City in fiscal year 2026 to fund the additional benefit obligations
Legislative Description
Extends the benefits of the variable supplements fund for transit police members of the New York city employees' retirement system for persons who retired on or after October 1, 1968.
Last Action
PRINT NUMBER 7528A
3/10/2026