NY S09394

Suffolk County correction officers would become eligible for retirement after 20 years of service instead of the current 25-year requirement

Retirement benefit at 20 years would equal 40% of final average salary, compared to 50% at 25 years or 60% at 30 years under existing law

Suffolk County would bear all past service costs, estimated at $27.1 million as a one-time payment or $3.46 million annually if amortized over 10 years

Annual county contributions to the retirement system would increase by approximately $2.7 million beginning fiscal year 2027, with long-term costs averaging 2.0% of salary

Applies to all 881 affected correction officers currently employed by Suffolk County, with combined annual salaries of approximately $122 million