Authorizes certain persons in an optional twenty year retirement plan of the police and fire retirement system to receive credit for previous service as a uniformed court officer title series employed by the Unified Court System or a correction officer employed by a county, a municipality or the state.
STATE OF NEW YORK
________________________________________________________________________
10387--A
IN SENATE
May 15, 2026
___________
Introduced by Sen. BYNOE -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT to amend the retirement and social security law, in relation to
authorizing certain persons in an optional twenty year retirement plan
to receive credit for previous service as a uniformed court officer
title series employed by the Unified Court System of the State of New
York, or any correction officer employed by a county, municipality, or
the state
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 384-e of the retirement and social security law is
2 amended by adding two new subdivisions d and e to read as follows:
3 d. Notwithstanding any other provision of law to the contrary, upon
4 completion of twenty years of service, and upon retirement, each such
5 member who was previously credited with service credit in the New York
6 state and local employees' retirement system or the New York state and
7 local police and fire retirement system as a uniformed court officer
8 title series employed by the unified court system of the state of New
9 York who is a participant in a public retirement system of the state may
10 receive for each such year of previous service, up to a total of no
11 greater than five years of previous service, additional pension equal to
12 one-sixtieth of such member's final average salary. To obtain such cred-
13 it a member shall pay such retirement system, for deposit in the fund
14 used to accumulate employer contributions, a sum equal to the product of
15 the number of years of service being claimed and three percent of such
16 member's compensation earned during the twelve months of credited
17 service immediately preceding the date that the member made application
18 for credit pursuant to this section.
19 e. Notwithstanding any other provision of law to the contrary, upon
20 completion of twenty years of service, and upon retirement, each such
21 member who was previously credited with service credit in the New York
22 state and local employees' retirement system or the New York state and
23 local police and fire retirement system as a correction officer employed
24 by a county, municipality, or the state who is a participant in a public
25 retirement system of the state may receive for each such year of previ-
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15701-03-6
S. 10387--A 2
1 ous service, up to a total of no greater than five years of previous
2 service, additional pension equal to one-sixtieth of such member's final
3 average salary. To obtain such credit a member shall pay such retirement
4 system, for deposit in the fund used to accumulate employer contrib-
5 utions, a sum equal to the product of the number of years of service
6 being claimed and three percent of such member's compensation earned
7 during the twelve months of credited service immediately preceding the
8 date that the member made application for credit pursuant to this
9 section.
10 § 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would allow up to five years of service rendered as a
uniformed court officer or correction officer to be credited toward
additional sixtieths under section 384-e of the Retirement and Social
Security Law. The members must have 20 years of service credit and
would be required to make a payment equal to three percent of their most
recent compensation per year of service credit.
Insofar as this bill affects the New York State and Local Police and
Fire Retirement System (NYSLPFRS), there are 750 benefiting members with
annual salary of approximately $95 million as of March 31, 2025. These
members can immediately purchase approximately 2,000 years of service
credit, generating a past service cost of $71.0 million. The cost will
be shared by the participating employers in NYSLPFRS and spread over
future billing cycles.
The number of future members who could be affected by this legislation
cannot be readily determined. For each additional year of service credit
granted pursuant to this legislation, there will be additional costs
averaging 27% of the member's compensation. All costs will be borne by
the state of New York and local participating employers in NYSLPFRS.
Summary of relevant resources:
Membership data as of March 31, 2025 was used to measure the impact of
the bill, the same data used in the Actuarial Valuations dated April 1,
2025. Distributions and other statistics can be found in the 2025 Report
of the Actuary and the 2025 Annual Comprehensive Financial Report. The
actuarial assumptions and methods used are described in the 2025 Annual
Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
and Regulations of the State of New York: Audit and Control. The fair
value of assets and GASB disclosures can be found in the 2025 Financial
Statements and Supplementary Information.
Assumptions, demographics, and other considerations may have been
modified to better reflect specific provisions of any proposed benefit
change(s).
This fiscal note does not constitute a legal opinion on the viability
of the bill, nor is it intended to serve as a substitute for the profes-
sional judgment of an attorney.
This estimate, dated May 27, 2026, and intended for use only during
the 2026 Legislative Session, is Fiscal Note Number 2026-202. As Chief
Actuary of the New York State and Local Retirement System (NYSLRS), I,
Aaron Schottin Young, hereby certify that this analysis complies with
applicable Actuarial Standards of Practice as well as the Code of
Professional Conduct and Qualification Standards for Actuaries Issuing
Statements of Actuarial Opinion of the American Academy of Actuaries, of
which I am a member. I am a member of NYSLRS but do not believe it
impairs my objectivity.
