Loading chat...
NY S09306
Bill
Status
2/27/2026
Primary Sponsor
Robert Jackson
Click for details
AI Summary
-
Creates longevity bonuses for FDNY uniformed members that increase pension calculations by 5% of highest grade pay at 25 years of service, 10% at 30 years, and 15% at 35 years
-
Applies the bonus to the member's applicable salary used for computing pension benefits under their enrolled plan with the NYC Fire Department Pension Fund
-
Expected to increase NYC employer contributions starting at $2.7 million in FY 2028, rising to $54.8 million by FY 2051
-
Would provide a Tier 2 firefighter retiring with 32 years of service an estimated $8,452 annual pension increase, subject to cost-of-living adjustments
-
Increases the Present Value of Future Benefits by approximately $23.2 million, with the entire cost allocated to New York City
Legislative Description
Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service.
Last Action
REFERRED TO CIVIL SERVICE AND PENSIONS
2/27/2026