STATE OF NEW YORK
________________________________________________________________________
8094--A
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
-- 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
providing retirement credit to fire protection inspector members for a
child care leave of absence
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 609 of the retirement and social security law is
2 amended by adding a new subdivision i to read as follows:
3 i. 1. Notwithstanding any other law or code provision that prohibits a
4 member from receiving retirement credit for any period during which the
5 member was absent on leave without pay, including but not limited to,
6 subdivision c of this section, any fire protection inspector member, as
7 defined in paragraph two of this subdivision, who is absent without pay
8 for a child care leave of absence pursuant to the terms of a collective
9 bargaining agreement covering the fire protection inspector member shall
10 be eligible for credit for such period of child care leave provided such
11 member files a claim for such service credit with the pension fund by
12 December thirty-first, two thousand twenty-five or within ninety days
13 following termination of the child care leave, whichever is later, and
14 contributes to the pension fund an amount which such member would have
15 contributed during the period of such child care leave, together with
16 interest thereon. Service credit provided pursuant to this subdivision
17 shall not exceed one year of credit for each period of authorized child
18 care leave.
19 2. For purposes of this subdivision, the term "fire protection inspec-
20 tor member" shall mean a member of the New York city employees' retire-
21 ment system who is employed by the city of New York or by the New York
22 city fire department in a title whose duties are those of a fire
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11197-03-5
S. 8094--A 2
1 protection inspector or associate fire protection inspector, or in a
2 title whose duties require the supervision of employees whose duties are
3 those of a fire protection inspector or associate fire protection
4 inspector.
5 § 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
SUMMARY: This proposed legislation would permit Fire Protection
Inspectors of the New York City Employees' Retirement System (NYCERS) to
apply for and purchase up to one year of service credit for each period
of authorized unpaid childcare leave.
ILLUSTRATION - INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
by Fiscal Year for the first 25 years ($)
Year One Year of Service One Year of Service
Purchased Purchased Per Year
2026 1,000 1,000
2027 1,000 2,100
2028 1,000 3,200
2029 1,000 4,300
2030 1,000 5,500
2031 1,000 6,700
2032 1,000 8,000
2033 1,000 9,200
2034 1,000 10,500
2035 1,000 11,900
2036 1,000 13,300
2037 1,000 14,700
2038 1,000 16,200
2039 1,000 17,700
2040 0 18,300
2041 0 18,800
2042 0 19,400
2043 0 20,000
2044 0 20,600
2045 0 21,200
2046 0 21,800
2047 0 22,500
2048 0 23,200
2049 0 23,800
2050 0 24,600
Employer contribution impact beyond Fiscal Year 2050 is not shown.
The potential increases in employer contributions will be allocated to
New York City.
PRESENT VALUE OF BENEFITS: The Present Value of Benefits is the
discounted expected value of benefits paid to current members if all
assumptions are met, including future service accrual and pay increases.
Future new hires are not included in this present value.
INITIAL INCREASE (DECREASE) IN ACTUARIAL PRESENT VALUES
as of June 30, 2024 ($)
Present Value (PV) Per Year of Service
S. 8094--A 3
(1) PV of Employer Contributions: 8,800
(2) PV of Employee Contributions: 2,900
Total PV of Benefits (1)+(2): 11,700
UNFUNDED ACCRUED LIABILITY (UAL): Actuarial Accrued Liabilities are
the portion of the Present Value of Benefits allocated to past service.
Changes in UAL per incident would be recognized as ongoing gain/loss.
AMORTIZATION OF UNFUNDED ACCRUED LIABILITY
Recognized as Ongoing Gain/Loss Per Year of Service
Increase (Decrease) in UAL: 8,800
Number of Payments: 14
Amortization Payment: 1,000
CENSUS DATA: The number of members who will benefit in the future from
this proposed legislation is unknown. The estimates presented herein are
based on preliminary census data collected as of June 30, 2024. The
census data for the potentially impacted population used to develop the
average costs is summarized below.
NYCERS
Active Members
- Number Count: 362
- Average Age: 48.4
- Average Service (before purchase): 11.3
- Average Salary: 83,600
Note that Chapter 55 of the Laws of 2024 established 25-year retire-
ment programs for Fire Protection Inspectors. The preliminary census
data as of June 30, 2024 does not reflect members' elections to join
these plans.
IMPACT ON MEMBER BENEFITS: Currently, Fire Protection Inspector
members of NYCERS are not able to purchase service credit for periods
while on authorized unpaid childcare leave.
Under the proposed legislation, Fire Protection Inspector members
would be eligible to purchase up to one year of service credit for each
period of authorized unpaid childcare leave, provided that they file a
claim within 90 days of the termination of such leave (or by December
31, 2025, if later) and pay the amount that would have been contributed
during such leave, with interest.
ASSUMPTIONS AND METHODS: The estimates presented herein have been
calculated based on the Revised 2021 Actuarial Assumptions and Methods
of the impacted retirement systems.
The number of members who will benefit from this proposed legislation
is unknown. The cost of this proposed legislation could vary greatly
depending on the number of future members who benefit and on their
length of service, age, and salary history.
RISK AND UNCERTAINTY: The costs presented in this Fiscal Note depend
highly on the actuarial assumptions, methods, and models used, demo-
graphics of the impacted population, and other factors such as invest-
ment, contribution, and other risks. If actual experience deviates from
actuarial assumptions, the actual costs could differ from those
presented herein. Quantifying these risks is beyond the scope of this
Fiscal Note.
S. 8094--A 4
This Fiscal Note is intended to measure pension-related impacts and
does not include other potential costs (e.g., administrative and Other
Postemployment Benefits). This Fiscal Note does not reflect any chapter
laws that may have been enacted during the current legislative session.
STATEMENT OF ACTUARIAL OPINION: Marek Tyszkiewicz and Gregory Zelikov-
sky are members of the Society of Actuaries and the American Academy of
Actuaries. We are members of NYCERS, but do not believe it impairs our
objectivity, and we meet the Qualification Standards of the American
Academy of Actuaries to render the actuarial opinion contained herein.
To the best of our knowledge, the results contained herein have been
prepared in accordance with generally accepted actuarial principles and
procedures and with the Actuarial Standards of Practice issued by the
Actuarial Standards Board.
FISCAL NOTE IDENTIFICATION: This Fiscal Note 2025-80 dated June 11,
2025 was prepared by the Chief Actuary for the New York City Retirement
Systems and Pension Funds and is intended for use only during the 2025
Legislative Session.
