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S10437 Summary:

BILL NOS10437
 
SAME ASNo Same As
 
SPONSORJACKSON
 
COSPNSR
 
MLTSPNSR
 
Add §15-110.1, NYC Ad Cd
 
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, including an additional bonus for each year after year twenty-five.
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S10437 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10437
 
                    IN SENATE
 
                                      May 15, 2026
                                       ___________
 
        Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Cities 1
 
        AN ACT to amend the administrative code of the  city  of  New  York,  in
          relation  to  longevity  bonuses  for members of the uniformed service
          with the New York city fire department
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. The administrative code of the city of New York is amended
     2  by adding a new section 15-110.1 to read as follows:
     3    § 15-110.1 Longevity bonuses. a. (1) Notwithstanding any provision  of
     4  law  to the contrary, when a member shall have accrued twenty-five years
     5  of uniformed service with the New York city fire department, and retires
     6  in any rank, they shall have five per centum of the highest grade of pay
     7  under the applicable collective bargaining agreement  of  such  rank  in
     8  which they retire, added to the applicable salary, used for the purposes
     9  of  computing pension benefits under the plan in which they are enrolled
    10  with the New York city fire department pension fund; or
    11    (2) Notwithstanding any provision of  law  to  the  contrary,  when  a
    12  member shall have accrued thirty years of uniformed service with the New
    13  York  city fire department, and retires in any rank, they shall have ten
    14  per centum of the highest grade of pay under the  applicable  collective
    15  bargaining  agreement  of  such  rank in which they retire, added to the
    16  applicable salary, used for the purposes of computing  pension  benefits
    17  under  the  plan  in which they are enrolled with the New York city fire
    18  pension fund; or
    19    (3) Notwithstanding any provision of  law  to  the  contrary,  when  a
    20  member  shall  have  accrued thirty-five years of uniformed service with
    21  the New York city fire department, and retires in any rank,  they  shall
    22  have fifteen per centum of the highest grade of pay under the applicable
    23  collective bargaining agreement of such rank in which they retire, added
    24  to  the  applicable  salary,  used for the purposes of computing pension
    25  benefits under the plan in which they are enrolled  with  the  New  York
    26  city fire pension fund.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13849-01-5

        S. 10437                            2
 
     1    b.  In  addition  to  the increases set forth in subdivision a of this
     2  section, commencing with the twenty-sixth year of service and  for  each
     3  year  thereafter, such member shall receive an additional one per centum
     4  annually, added to the  applicable  salary  used  for  the  purposes  of
     5  computing  pension  benefits  under  the plan in which they are enrolled
     6  with the New York city fire pension fund, provided,  however,  that  the
     7  combined total additional credit shall not exceed fifteen per centum and
     8  shall  be  capped  upon the completion of thirty-five years of uniformed
     9  service with the department.
    10    § 2. This act shall take effect immediately.
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