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S05754 Summary:

BILL NOS05754A
 
SAME ASNo Same As
 
SPONSORMARTINEZ
 
COSPNSR
 
MLTSPNSR
 
Amd §§604, 603 & 445, add §89-z, R & SS L
 
Authorizes an optional twenty-five year retirement plan for fire marshals I and supervisors of such title in Suffolk county.
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S05754 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         5754--A
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 28, 2025
                                       ___________
 
        Introduced  by Sen. MARTINEZ -- 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
          an optional twenty-five year retirement plan for chief fire  marshals,
          assistant  chief  fire marshals, fire marshals II, and fire marshals I
          in Suffolk county
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  604 of the retirement and social security law is
     2  amended by adding a new subdivision x to read as follows:
     3    x. The early service retirement benefit for a member who  is  employed
     4  by  the  county of Suffolk or a participating employer that is a town or
     5  village in the county of Suffolk that makes the election provided for in
     6  subdivision j of section eighty-nine-z of this chapter as a  chief  fire
     7  marshal, assistant chief fire marshal, fire marshal II or fire marshal I
     8  as  defined  in section eighty-nine-z of this chapter shall be a pension
     9  equal to one-fiftieth of final average salary times  years  of  credited
    10  service  at  the  completion  of twenty-five years of service as a chief
    11  fire marshal, assistant chief fire marshal, fire  marshal  II,  or  fire
    12  marshal I in the county of Suffolk or a participating employer that is a
    13  town  or  village in the county of Suffolk but not exceeding one-half of
    14  such member's final average salary; for service beyond twenty-five years
    15  the benefits shall increase by one-sixtieth of final average salary  for
    16  each year of additional service credit provided, however, that the total
    17  allowance  payable  pursuant  to  this  section  shall not exceed three-
    18  fourths of such member's final average salary.
    19    § 2. The retirement and social security law is amended by adding a new
    20  section 89-z to read as follows:
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02740-05-5

        S. 5754--A                          2
 
     1    § 89-z. Retirement of  members  employed  as  a  chief  fire  marshal,
     2  assistant  chief  fire marshal, fire marshal II or fire marshal I in the
     3  county of Suffolk or a participating employer that is a town or  village
     4  in the county of Suffolk. a. Any member employed on or before the enact-
     5  ment  of  this  section  as  a  chief fire marshal, assistant chief fire
     6  marshal, fire marshal II or fire marshal I upon an election by the coun-
     7  ty of Suffolk or a participating employer that is a town or  village  in
     8  the  county  of  Suffolk  shall  be  eligible  to retire pursuant to the
     9  provisions of this section. Such eligibility shall be an alternative  to
    10  the  eligibility provisions available under any other plan of this arti-
    11  cle to which such member is subject.
    12    b. Such member shall be entitled to  retire  upon  the  completion  of
    13  twenty-five  years  of total creditable service by filing an application
    14  therefor in the manner provided for in section seventy of this article.
    15    c. Upon completion of twenty-five  years  of  such  service  and  upon
    16  retirement,  each  such  member  shall receive a pension which, together
    17  with an annuity which shall be the actuarial equivalent  of  accumulated
    18  contributions  at the time of retirement and an additional pension which
    19  is the actuarial equivalent of the  reserved-for-increased-take-home-pay
    20  to which such member may then be entitled shall be sufficient to provide
    21  a  retirement allowance equal to one-half of such member's final average
    22  salary.
    23    d. As used in this section  "creditable  service"  shall  include  all
    24  services  performed  as  a  chief  fire  marshal,  assistant  chief fire
    25  marshal, fire marshal II or fire marshal I employed  by  the  county  of
    26  Suffolk  or  a  participating  employer that is a town or village in the
    27  county of Suffolk that has elected to provide the benefits  provided  by
    28  this section.
    29    e.  Credit  for service as a paid firefighter or officer of any organ-
    30  ized fire department shall also be deemed to be creditable  service  and
    31  shall  be  included  in  computing years of total service for retirement
    32  pursuant to this section.
    33    f. A member contributing on the basis of this section at the  time  of
    34  retirement,  may  retire  after  the  completion of twenty-five years of
    35  total creditable service. Application therefor may be filed in a  manner
    36  similar  to  that  provided  in  section  seventy  of this article. Upon
    37  completion of twenty-five years of such  service  and  upon  retirement,
    38  each such member shall receive a pension which, together with an annuity
    39  which  shall be the actuarial equivalent of accumulated contributions at
    40  the time of retirement and an additional pension which is the  actuarial
    41  equivalent  of  the  reserved-for-increased-take-home-pay  to which such
    42  member may then be entitled shall be sufficient to provide a  retirement
    43  allowance  equal  to one-half of such member's final average salary; for
    44  service beyond twenty-five years the benefit is increased by  one-sixti-
    45  eth  of  final average salary for each year of additional service credit
    46  provided, however, that the total allowance  payable  pursuant  to  this
    47  section  shall  not  exceed three-fourths of such member's final average
    48  salary.
    49    g. In computing the twenty-five years of total  service  of  a  member
    50  pursuant  to  this section full credit shall be given and full allowance
    51  shall be made for service of such member in time of war after World  War
    52  I as defined in section two of this chapter, provided such member at the
    53  time  of  entrance into the armed forces was employed by a participating
    54  employer pursuant to this section.
    55    h. Nothing in this section shall be construed to prevent a member, who
    56  does not retire pursuant to the provisions of this section, from utiliz-

        S. 5754--A                          3

     1  ing service which is creditable service pursuant to  the  provisions  of
     2  this  section for service credit pursuant to the provisions of any other
     3  plan of this article to which such member is subject.
     4    i. The provisions of this section shall be controlling notwithstanding
     5  any other provision of this article to the contrary.
     6    j.  Suffolk county, or a town or village in the county of Suffolk that
     7  elects pursuant to the provisions of this subdivision shall pay the cost
     8  attributable therefor.  The benefits of this section shall be  available
     9  only  to  those  members  defined in subdivision a of this section whose
    10  employer elects to provide such benefits by  adopting  a  resolution  to
    11  such  effect  and  filing a certified copy thereof with the comptroller.
    12  Such resolution shall be accompanied by the affidavit of the chief exec-
    13  utive officer of the county of Suffolk or a town or village in the coun-
    14  ty of Suffolk that the county, town or village has received an  estimate
    15  from  the  retirement system of the cost of the benefit provided by this
    16  section.  Such resolution shall apply to all members defined in subdivi-
    17  sion a of this section.
    18    § 3. Section 603 of the retirement and social security law is  amended
    19  by adding a new subdivision x to read as follows:
    20    x.  The  service  retirement  benefit specified in section six hundred
    21  four of this article shall be payable to members with twenty-five  years
    22  of  creditable  service,  without regard to age, who are employed by the
    23  county of Suffolk or a participating employer that is a town or  village
    24  in  the county of Suffolk that makes the election provided for in subdi-
    25  vision j of section eighty-nine-z  of  this  chapter  as  a  chief  fire
    26  marshal, assistant chief fire marshal, fire marshal II or fire marshal I
    27  as  defined  in  section  eighty-nine-z  of  this chapter if:   (i) such
    28  members have met the minimum service requirements upon  retirement;  and
    29  (ii)  in the case of a member subject to the provisions of article four-
    30  teen of this chapter, such  member  files  an  election  therefor  which
    31  provides  that  such  member  shall be subject to the provisions of this
    32  article and to none of the provisions of  such  article  fourteen.  Such
    33  election, which shall be irrevocable, shall be in writing, duly executed
    34  and  shall be filed with the comptroller within one year of the election
    35  such member's employer makes pursuant to subdivision j of section eight-
    36  y-nine-z of this chapter or within one year after entering  the  employ-
    37  ment with the participating Suffolk county employer upon which eligibil-
    38  ity   is  based,  whichever  comes  later.  For  the  purposes  of  this
    39  subdivision, the term "creditable service" shall have the meaning as  so
    40  defined in both sections eighty-nine-z and six hundred one of this chap-
    41  ter.
    42    § 4. Subdivision a of section 445 of the retirement and social securi-
    43  ty  law,  as  amended  by chapter 714 of the laws of 2023, is amended to
    44  read as follows:
    45    a. No member of a retirement system who is subject to  the  provisions
    46  of this article shall retire without regard to age, exclusive of retire-
    47  ment for disability, unless [he or she] such member is a police officer,
    48  an  investigator  member  of  the  New  York  city employees' retirement
    49  system, firefighter, correction officer, a qualifying member as  defined
    50  in section eighty-nine-t, as added by chapter six hundred fifty-seven of
    51  the  laws  of nineteen hundred ninety-eight, of this chapter, sanitation
    52  worker, a special officer (including persons employed by the city of New
    53  York in the title urban park ranger or  associate  urban  park  ranger),
    54  school  safety  agent,  campus  peace  officer  or  a taxi and limousine
    55  commission inspector member of the New York city  employees'  retirement
    56  system  or  the  New  York  city board of education retirement system, a

        S. 5754--A                          4
 
     1  dispatcher member of the New York city employees' retirement  system,  a
     2  police  communications member of the New York city employees' retirement
     3  system, an EMT member of the New York city employees' retirement system,
     4  a  deputy  sheriff  member  of  the  New York city employees' retirement
     5  system, a  correction  officer  of  the  Westchester  county  correction
     6  department  as  defined  in  section  eighty-nine-e  of  this chapter or
     7  employed in Suffolk county as a peace officer,  as  defined  in  section
     8  eighty-nine-s, as added by chapter five hundred eighty-eight of the laws
     9  of  nineteen  hundred ninety-seven, of this chapter, employed in Suffolk
    10  county as a correction officer, as defined in section  eighty-nine-f  of
    11  this  chapter,  or  employed  in  Nassau county as a correction officer,
    12  uniformed correction division personnel, sheriff, undersheriff or deputy
    13  sheriff, as  defined  in  section  eighty-nine-g  of  this  chapter,  or
    14  employed  in  Nassau county as an ambulance medical technician, an ambu-
    15  lance medical technician/supervisor or a member who  performs  ambulance
    16  medical  technician  related  services,  or a police medic, police medic
    17  supervisor or a member who performs police medic  related  services,  as
    18  defined  in  section  eighty-nine-s,  as amended by chapter five hundred
    19  seventy-eight of the laws of  nineteen  hundred  ninety-eight,  of  this
    20  chapter,  or employed in Nassau county as a peace officer, as defined in
    21  section eighty-nine-s, as added by chapter five hundred  ninety-five  of
    22  the  laws of nineteen hundred ninety-seven, of this chapter, or employed
    23  in Albany county as a sheriff, undersheriff, deputy sheriff,  correction
    24  officer  or  identification officer, as defined in section eighty-nine-h
    25  of this chapter or is employed in St.  Lawrence  county  as  a  sheriff,
    26  undersheriff,  deputy  sheriff  or  correction  officer,  as  defined in
    27  section eighty-nine-i of this chapter or is employed in  Orleans  county
    28  as  a  sheriff,  undersheriff,  deputy sheriff or correction officer, as
    29  defined in section eighty-nine-l of  this  chapter  or  is  employed  in
    30  Jefferson   county   as  a  sheriff,  undersheriff,  deputy  sheriff  or
    31  correction officer, as defined in section eighty-nine-j of this  chapter
    32  or  is  employed  in  Onondaga  county as a deputy sheriff-jail division
    33  competitively appointed or  as  a  correction  officer,  as  defined  in
    34  section  eighty-nine-k  of this chapter or is employed in a county which
    35  makes an election under subdivision j of section eighty-nine-p  of  this
    36  chapter as a sheriff, undersheriff, deputy sheriff or correction officer
    37  as defined in such section eighty-nine-p or is employed in Broome County
    38  as  a  sheriff,  undersheriff,  deputy sheriff or correction officer, as
    39  defined in section eighty-nine-m of this chapter or is a  Monroe  county
    40  deputy  sheriff-court  security,  or deputy sheriff-jailor as defined in
    41  section eighty-nine-n, as added by chapter five hundred ninety-seven  of
    42  the  laws of nineteen hundred ninety-one, of this chapter or is employed
    43  in  Greene  county  as  a  sheriff,  undersheriff,  deputy  sheriff   or
    44  correction  officer, as defined in section eighty-nine-o of this chapter
    45  or is a traffic officer with the town of Elmira as  defined  in  section
    46  eighty-nine-q of this chapter or is employed by Suffolk county as a park
    47  police  officer,  as defined in section eighty-nine-r of this chapter or
    48  is a peace officer employed by a county probation department as  defined
    49  in  section  eighty-nine-t, as added by chapter six hundred three of the
    50  laws of nineteen hundred ninety-eight, of this chapter or is employed in
    51  Rockland county as a deputy sheriff-civil as defined in section  eighty-
    52  nine-v of this chapter as added by chapter four hundred forty-one of the
    53  laws of two thousand one, or is employed in Rockland county as a superi-
    54  or  correction officer as defined in section eighty-nine-v of this chap-
    55  ter as added by chapter five hundred fifty-six of the laws of two  thou-
    56  sand one or is a paramedic employed by the police department in the town

        S. 5754--A                          5

     1  of  Tonawanda  and retires under the provisions of section eighty-nine-v
     2  of this chapter, as added by chapter four  hundred  seventy-two  of  the
     3  laws  of two thousand one, or is a county fire marshal, supervising fire
     4  marshal,  fire  marshal,  assistant  fire  marshal, assistant chief fire
     5  marshal, chief fire marshal, division supervising fire marshal  or  fire
     6  marshal  trainee  employed by the county of Nassau as defined in section
     7  eighty-nine-w of this chapter or is employed in Monroe county as a depu-
     8  ty sheriff-civil as defined in section eighty-nine-x  of  this  chapter,
     9  employed  as  an emergency medical technician, critical care technician,
    10  advanced emergency medical technician, paramedic or supervisor  of  such
    11  titles  in  a  participating  Suffolk county fire district as defined in
    12  section eighty-nine-ss  of  this  chapter,  employed  as  a  chief  fire
    13  marshal, assistant chief fire marshal, fire marshal II or fire marshal I
    14  in  the  county of Suffolk or a participating employer that is a town or
    15  village in the county of Suffolk as defined in section eighty-nine-z  of
    16  this  chapter,  and is in a plan which permits immediate retirement upon
    17  completion of a specified period  of  service  without  regard  to  age.
    18  Except as provided in subdivision c of section four hundred forty-five-a
    19  of  this  article, subdivision c of section four hundred forty-five-b of
    20  this article, subdivision c of section four hundred forty-five-c of this
    21  article, subdivision c of section  four  hundred  forty-five-d  of  this
    22  article,  subdivision  c  of  section  four hundred forty-five-e of this
    23  article, subdivision c of section  four  hundred  forty-five-f  of  this
    24  article  and  subdivision c of section four hundred forty-five-h of this
    25  article, a member in such a plan and such an occupation,  other  than  a
    26  police  officer  or  investigator member of the New York city employees'
    27  retirement system or a firefighter, shall not  be  permitted  to  retire
    28  prior  to  the  completion  of  twenty-five  years  of credited service;
    29  provided, however, if such a member in such an occupation is in  a  plan
    30  which  permits  retirement  upon  completion  of twenty years of service
    31  regardless of age, [he or she] such member may retire upon completion of
    32  twenty years of credited service and prior to the completion of  twenty-
    33  five years of service, but in such event the benefit provided from funds
    34  other  than  those  based on such a member's own contributions shall not
    35  exceed two per centum of final average salary per each year of  credited
    36  service.
    37    § 4-a. Subdivision a of section 445 of the retirement and social secu-
    38  rity  law,  as amended by section 2 of part TT of chapter 55 of the laws
    39  of 2025, is amended to read as follows:
    40    a. No member of a retirement system who is subject to  the  provisions
    41  of this article shall retire without regard to age, exclusive of retire-
    42  ment  for  disability, unless they are a police officer, an investigator
    43  member of the New York city employees' retirement  system,  firefighter,
    44  correction  officer,  a  qualifying member as defined in section eighty-
    45  nine-t, as added by chapter six hundred fifty-seven of the laws of nine-
    46  teen hundred ninety-eight, of this chapter, sanitation worker, a special
    47  officer (including persons employed by the city of New York in the title
    48  urban park ranger or associate urban park ranger), school safety  agent,
    49  campus peace officer or a taxi and limousine commission inspector member
    50  of  the  New York city employees' retirement system or the New York city
    51  board of education retirement system, a dispatcher  member  of  the  New
    52  York  city  employees' retirement system, a police communications member
    53  of the New York city employees' retirement system, an EMT member of  the
    54  New  York  city employees' retirement system, a deputy sheriff member of
    55  the New York city employees' retirement system, a correction officer  of
    56  the  Westchester  county  correction  department  as  defined in section

        S. 5754--A                          6
 
     1  eighty-nine-e of this chapter or employed in Suffolk county as  a  peace
     2  officer,  as  defined in section eighty-nine-s, as added by chapter five
     3  hundred eighty-eight of the laws of nineteen  hundred  ninety-seven,  of
     4  this  chapter,  employed  in  Suffolk county as a correction officer, as
     5  defined in section eighty-nine-f of this chapter, or employed in  Nassau
     6  county as a correction officer, uniformed correction division personnel,
     7  sheriff,  undersheriff  or deputy sheriff, as defined in section eighty-
     8  nine-g of this chapter, or employed in Nassau  county  as  an  ambulance
     9  medical  technician,  an  ambulance  medical  technician/supervisor or a
    10  member who performs ambulance medical technician related services, or  a
    11  police  medic,  police  medic supervisor or a member who performs police
    12  medic related services, as defined in section eighty-nine-s, as  amended
    13  by  chapter  five  hundred seventy-eight of the laws of nineteen hundred
    14  ninety-eight, of this chapter, or employed in Nassau county as  a  peace
    15  officer,  as  defined in section eighty-nine-s, as added by chapter five
    16  hundred ninety-five of the laws of  nineteen  hundred  ninety-seven,  of
    17  this  chapter,  or employed in Albany county as a sheriff, undersheriff,
    18  deputy sheriff, correction officer or identification officer, as defined
    19  in section eighty-nine-h of this chapter or is employed in St.  Lawrence
    20  county as a sheriff, undersheriff, deputy sheriff or correction officer,
    21  as  defined  in  section eighty-nine-i of this chapter or is employed in
    22  Orleans county as a sheriff, undersheriff, deputy sheriff or  correction
    23  officer,  as  defined  in  section  eighty-nine-l  of this chapter or is
    24  employed in Jefferson county as a sheriff, undersheriff, deputy  sheriff
    25  or correction officer, as defined in section eighty-nine-j of this chap-
    26  ter  or is employed in Onondaga county as a deputy sheriff-jail division
    27  competitively appointed or  as  a  correction  officer,  as  defined  in
    28  section  eighty-nine-k  of this chapter or is employed in a county which
    29  makes an election under subdivision j of section eighty-nine-p  of  this
    30  chapter as a sheriff, undersheriff, deputy sheriff or correction officer
    31  as defined in such section eighty-nine-p or is employed in Broome County
    32  as  a  sheriff,  undersheriff,  deputy sheriff or correction officer, as
    33  defined in section eighty-nine-m of this chapter or is a  Monroe  county
    34  deputy  sheriff-court  security,  or deputy sheriff-jailor as defined in
    35  section eighty-nine-n, as added by chapter five hundred ninety-seven  of
    36  the  laws of nineteen hundred ninety-one, of this chapter or is employed
    37  in  Greene  county  as  a  sheriff,  undersheriff,  deputy  sheriff   or
    38  correction  officer, as defined in section eighty-nine-o of this chapter
    39  or is a traffic officer with the town of Elmira as  defined  in  section
    40  eighty-nine-q of this chapter or is employed by Suffolk county as a park
    41  police  officer,  as defined in section eighty-nine-r of this chapter or
    42  is a peace officer employed by a county probation department as  defined
    43  in  section  eighty-nine-t, as added by chapter six hundred three of the
    44  laws of nineteen hundred ninety-eight, of this chapter or is employed in
    45  Rockland county as a deputy sheriff-civil as defined in section  eighty-
    46  nine-v of this chapter as added by chapter four hundred forty-one of the
    47  laws of two thousand one, or is employed in Rockland county as a superi-
    48  or  correction officer as defined in section eighty-nine-v of this chap-
    49  ter as added by chapter five hundred fifty-six of the laws of two  thou-
    50  sand one or is a paramedic employed by the police department in the town
    51  of  Tonawanda  and retires under the provisions of section eighty-nine-v
    52  of this chapter, as added by chapter four  hundred  seventy-two  of  the
    53  laws  of two thousand one, or is a county fire marshal, supervising fire
    54  marshal, fire marshal, assistant  fire  marshal,  assistant  chief  fire
    55  marshal,  chief  fire marshal, division supervising fire marshal or fire
    56  marshal trainee employed by the county of Nassau as defined  in  section

        S. 5754--A                          7
 
     1  eighty-nine-w of this chapter or is employed in Monroe county as a depu-
     2  ty  sheriff-civil  as  defined in section eighty-nine-x of this chapter,
     3  employed as an emergency medical technician, critical  care  technician,
     4  advanced  emergency  medical technician, paramedic or supervisor of such
     5  titles in a participating Suffolk county fire  district  as  defined  in
     6  section  eighty-nine-ss of this chapter, or is a firefighter apprentice,
     7  airport firefighter I, airport firefighter II, airport firefighter  III,
     8  or  training and safety officer employed by the division of military and
     9  naval affairs as defined in section eighty-nine-y of this chapter or  is
    10  employed  as  a  chief  fire marshal, assistant chief fire marshal, fire
    11  marshal II or fire marshal I in the county of Suffolk or a participating
    12  employer that is a town or village in the county of Suffolk  as  defined
    13  in section eighty-nine-z of this chapter, and is in a plan which permits
    14  immediate  retirement  upon  completion of a specified period of service
    15  without regard to age. Except as provided in subdivision  c  of  section
    16  four hundred forty-five-a of this article, subdivision c of section four
    17  hundred  forty-five-b  of  this  article,  subdivision c of section four
    18  hundred forty-five-c of this article,  subdivision  c  of  section  four
    19  hundred  forty-five-d  of  this  article,  subdivision c of section four
    20  hundred forty-five-e of this article,  subdivision  c  of  section  four
    21  hundred  forty-five-f  of this article and subdivision c of section four
    22  hundred forty-five-h of this article, a member in such a plan  and  such
    23  an occupation, other than a police officer or investigator member of the
    24  New  York  city employees' retirement system or a firefighter, shall not
    25  be permitted to retire prior to the completion of twenty-five  years  of
    26  credited service; provided, however, if such a member in such an occupa-
    27  tion  is  in  a  plan which permits retirement upon completion of twenty
    28  years of service regardless of age, they may retire upon  completion  of
    29  twenty  years of credited service and prior to the completion of twenty-
    30  five years of service, but in such event the benefit provided from funds
    31  other than those based on such a member's own  contributions  shall  not
    32  exceed  two per centum of final average salary per each year of credited
    33  service.
    34    §  5.  All  past  service  costs  associated  with  implementing   the
    35  provisions  of  this act shall be borne by a participating employer that
    36  makes the election provided for in subdivision 89-z  of  the  retirement
    37  and social security law.
    38    §  6.  This  act shall take effect immediately provided; however, that
    39  section 4-a shall take effect on the same date and in the same manner as
    40  section 2 of part TT of chapter 55 of the laws of 2025, takes effect.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would allow Suffolk County or any town or village in Suffolk
        County that participates in the New  York  State  and  Local  Employees'
        Retirement  System to elect to provide individuals employed in the title
        of chief fire marshal, assistant chief fire marshal, fire marshal II  or
        fire  marshal  I,  the  option  to retire upon completion of twenty-five
        years of creditable service with a benefit of one-half of final  average
        salary  (FAS)  and an additional benefit of one-sixtieth of FAS for each
        year of creditable service in excess of twenty-five years, not to exceed
        three-fourths (75%) of FAS. Additionally, members covered under  Article
        14 would be permitted one year to make an irrevocable election to switch
        to the twenty-five-year plan benefit.
          If this bill is enacted during the 2025 Legislative Session, we antic-
        ipate  that  there will be an increase in the annual contributions of an
        electing employer of approximately 6% of the  salary  paid  to  eligible
        members  for the fiscal year ending March 31, 2026. In future years this

        S. 5754--A                          8
 
        cost will vary as the billing rates and salary of the  affected  members
        change.
          In addition to the annual contributions discussed above, there will be
        an  immediate  past  service  cost  which  will  be borne by an electing
        employer as a one-time payment. This cost is expected to average approx-
        imately 40% of the salary paid to employees in covered titles.
          Further, we anticipate additional administrative  costs  to  implement
        the provisions of this legislation.
          The  exact  number  of  current  members as well as future members who
        could be affected by this  legislation  cannot  be  readily  determined.
        Prior  to  electing  to  provide  these  benefits,  an employer would be
        required to submit a roster of eligible members to the  New  York  State
        and  Local  Retirement System. This roster would be used to determine an
        exact cost to the individual employer electing to  provide  these  bene-
        fits.
          Summary of relevant resources:
          Membership  data as of March 31, 2024 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2024 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2024  Report  of the Actuary and the 2024 Annual Comprehensive Financial
        Report.  The actuarial assumptions and methods used are described in the
        2024 Annual Report to the Comptroller on Actuarial Assumptions, and  the
        Codes,  Rules  and  Regulations  of  the  State  of  New York: Audit and
        Control. The Market Assets and GASB Disclosures are found in  the  March
        31, 2024 New York State and Local Retirement System Financial Statements
        and Supplementary Information.
          This  fiscal note does not constitute a legal opinion on the viability
        of the proposed change nor is it intended to serve as a  substitute  for
        the professional judgment of an attorney.
          This  estimate,  dated June 11, 2025, and intended for use only during
        the 2025 Legislative Session, is Fiscal  Note  No.  2025-189.  As  Chief
        Actuary  of  the  New  York  State and Local Retirement System, I, Aaron
        Schottin Young, hereby certify that this analysis complies with applica-
        ble 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.
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