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S10405 Summary:

BILL NOS10405
 
SAME ASNo Same As
 
SPONSORJACKSON
 
COSPNSR
 
MLTSPNSR
 
Amd §§505 & 510, R & SS L
 
Removes the twenty-five year requirement for service retirement of certain uniformed members of the New York city fire department pension fund.
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S10405 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10405
 
                    IN SENATE
 
                                      May 15, 2026
                                       ___________
 
        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
          service  retirement  of  uniformed  members  of the New York city fire
          department pension fund
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subdivision d of section 505 of the retirement and social
     2  security law, as added by section 3 of part SS of chapter 55 of the laws
     3  of 2025, is amended to read as follows:
     4    d.  Notwithstanding  anything  to  the  contrary  in  any  other  law,
     5  police/fire members of the New York city police pension fund and the New
     6  York  city  fire  department pension fund shall be eligible for a normal
     7  service retirement benefit in lieu of an early service retirement  bene-
     8  fit upon completing twenty years of service pursuant to subdivision d of
     9  section five hundred three of this article.
    10    § 2. Paragraph 2 of subdivision b of section 510 of the retirement and
    11  social  security  law,  as amended by chapter 18 of the laws of 2012, is
    12  amended to read as follows:
    13    2. (i) The first day of the month following the date on which a member
    14  completes or would have completed twenty-five years of credited service,
    15  with respect to service retirement benefits for police/fire members  and
    16  their  beneficiaries,  New  York  city  uniformed  correction/sanitation
    17  revised plan members and their  beneficiaries  or  investigator  revised
    18  plan  members  and  their beneficiaries, except for uniformed members of
    19  the New York city fire department pension fund and their beneficiaries.
    20    (ii) The first day of the  month  following  the  date  on  which  the
    21  uniformed  member  becomes  eligible for service retirement benefits for
    22  uniformed members of the New York city fire department pension fund.
    23    § 3. This act shall take effect immediately.
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14486-01-6
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