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S08093 Summary:

BILL NOS08093
 
SAME ASNo Same As
 
SPONSORJACKSON
 
COSPNSR
 
MLTSPNSR
 
Amd §§513 & 446, R & SS L
 
Allows members of the New York city fire department pension fund to obtain service credit for retirement eligibility and retirement allowance from any of the public retirement systems of New York state.
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S08093 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8093
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                      May 15, 2025
                                       ___________
 
        Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions
 
        AN ACT to amend the retirement and social security law, in  relation  to
          allowing  members of the New York city fire department pension fund to
          obtain service credit for retirement eligibility and retirement allow-
          ance from any of the public retirement systems of New York state
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subparagraph  (iii)  of  paragraph  2 of subdivision c of
     2  section 513 of the retirement and  social  security  law  is  renumbered
     3  subparagraph  (iv)  and  a  new  subparagraph  (iii) is added to read as
     4  follows:
     5    (iii) Notwithstanding any other provision of law to  the  contrary,  a
     6  member of the New York city fire department pension fund subject to this
     7  article  shall  be eligible to obtain credit for any period of allowable
     8  prior service, in any of the public retirement systems of the state,  as
     9  defined  in subdivision twenty-three of section five hundred one of this
    10  article, including the New York state and  local  employees'  retirement
    11  system,  New York state and local police and fire retirement system, New
    12  York state teachers' retirement system, New York city employees' retire-
    13  ment system, New York city teachers' retirement system,  New  York  city
    14  police  pension fund, New York city fire department pension fund and the
    15  New York city board of education retirement  system,  and  such  service
    16  shall  be deemed to be in service of the uniformed force of the New York
    17  city fire department for purposes of eligibility  for  benefits  and  to
    18  determine the amount of benefits under the New York city fire department
    19  pension  fund,  provided that such member pays or transfers into the New
    20  York city fire department pension  fund  all  member  contributions  set
    21  forth  in  section five hundred seventeen of this article plus interest,
    22  at a rate of five percent per annum. For a  member  who  transfers  such
    23  contributions from any of the public retirement systems of the state, as
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04244-03-5

        S. 8093                             2
 
     1  defined  in subdivision twenty-three of section five hundred one of this
     2  article, and set forth in this subparagraph, to the New York  city  fire
     3  department  pension  fund,  or  for a member who withdraws such contrib-
     4  utions  from any of the public retirement systems, such member's member-
     5  ship in the public retirement system from where such contributions  were
     6  transferred  or  withdrawn shall cease upon such transfer or withdrawal,
     7  and such member shall retain no credited service in such system.
     8    § 2. Subdivision c of section 446 of the retirement and social securi-
     9  ty law, as amended by chapter 426 of the laws of 1974 and as  relettered
    10  by chapter 465 of the laws of 1980, is amended to read as follows:
    11    c. Creditable service.
    12    (i)  A  member of a retirement system who is subject to the provisions
    13  of this article shall not be eligible to obtain  retirement  credit  for
    14  service with a public employer other than the state of New York, a poli-
    15  tical  subdivision  thereof,  a public benefit corporation, or a partic-
    16  ipating employer; provided, however, military service with  the  federal
    17  government  may  be credited pursuant to section two hundred forty-three
    18  of the military law up to a maximum of four years; and further  provided
    19  that retirement credit may be granted for service with an agency located
    20  within the state of New York currently specified in the law as providing
    21  retirement credit for service.
    22    (ii)  Notwithstanding  any  other  provision of law to the contrary, a
    23  member of the New York city fire department pension fund subject to this
    24  article shall be eligible to obtain credit for any period  of  allowable
    25  prior  service, in any of the public retirement systems of the state, as
    26  defined in subdivision twenty-three of section five hundred one of  this
    27  article,  including  the  New York state and local employees' retirement
    28  system, New York state and local police and fire retirement system,  New
    29  York state teachers' retirement system, New York city employees' retire-
    30  ment  system,  New  York city teachers' retirement system, New York city
    31  police pension fund, New York city fire department pension fund and  the
    32  New  York  city  board  of education retirement system, and such service
    33  shall be deemed to be in service of the uniformed force of the New  York
    34  city  fire  department  for  purposes of eligibility for benefits and to
    35  determine the amount of benefits under the New York city fire department
    36  pension fund, provided that such member pays or transfers into  the  New
    37  York  city  fire  department  pension fund all member contributions plus
    38  interest, at a rate of eight and one quarter percent per  annum.  For  a
    39  member  who  transfers such contributions from any of the public retire-
    40  ment systems of the state, as defined  in  subdivision  twenty-three  of
    41  section  five  hundred  one of this article, and set forth in this para-
    42  graph, to the New York city fire  department  pension  fund,  or  for  a
    43  member  who  withdraws such contributions from any of the public retire-
    44  ment systems, such member's membership in the public  retirement  system
    45  from  where such contributions were transferred or withdrawn shall cease
    46  upon such transfer or withdrawal, and such member shall retain no  cred-
    47  ited service in such system.
    48    § 3. This act shall take effect immediately.
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