NY S09202

Firefighters retiring with 25 years of NYC Fire Department uniformed service would receive a 5% longevity bonus added to their pension calculation, based on the highest grade of pay for their rank

An additional 1% bonus would be added for each year of service beyond 25 years, capped at 15% total (reached at 35 years of service)

Employer contributions to the Fire Pension Fund would increase from $3.2 million in FY 2028 to $63.4 million by FY 2051, with all costs allocated to New York City

A Tier 2 firefighter retiring with 32 years of service would receive approximately $10,143 in additional annual pension benefits under this legislation

The bill affects approximately 11,178 active members with an average age of 40.3 and average salary of $141,300