NY S08121

Allows NYCERS Tier 4 and Tier 6 dispatcher members who were over age 30 when they joined the 25-Year Retirement Plan a new 180-day window to opt out of the plan if they missed the original deadline

Requires the retirement system to post the opt-out election form and instructions on its website within 30 days of the law taking effect

Extends the opt-out deadline by 60 days for each month the retirement system fails to post the required form and instructions

Increases employer contributions starting at $572,000 in fiscal year 2026, with costs declining over time to $77,000 by 2050, all allocated to New York City

Affects approximately 54 active members with an average age of 46.3 years and average salary of $84,400