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NY S08863
Bill
Status
1/12/2026
Primary Sponsor
Robert Jackson
Click for details
AI Summary
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Creates a 30-year retirement option for Nassau County correction officers (recruits, officers, corporals, sergeants, lieutenants, and captains) providing 60% of final average salary, in addition to the existing 25-year option at 50%
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Estimated annual cost increase of $418,000 for Nassau County beginning fiscal year 2027, averaging 0.3% of salary
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One-time past service cost of $7.31 million to be paid by Nassau County, with option to amortize over 10 years at $933,000 annually
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Affects approximately 729 correction employees with combined annual salaries of roughly $112 million as of March 2025
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Takes effect immediately and applies to all members retiring on or after the effective date
Legislative Description
Authorizes a thirty year retirement benefit for certain members in Nassau county; provides a retirement allowance equal to 60 percent of a member's final average salary.
Last Action
REPORTED AND COMMITTED TO FINANCE
2/10/2026