NYC Pension Bills to Follow

  1. Senate Bill S3107A:
    Establishes a temporary task force on the variable supplements fund program to make findings and recommendations.
  2. Senate Bill S5924A:
    Provides that service retirement benefits for members of the NYC Fire department pension fund and NYC Police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.
  3. Senate Bill S5585A:
    Provides that the salary base for members of the city of NYC Fire department pension fund whose employment with the fire department of the City of New York commenced after July 1, 2000 shall be determined in the same manner as members whose employment commenced prior to such date.
  4. Senate Bill S3943:
    Relates to personal income taxation of pensions and annuities; increases amount excluded from taxation to $35,000.
  5. Senate Bill S4201:
    Affords uniformed personnel of the NYC Department of Correction and NYC Department of Sanitation the option of taking a monetary payment in lieu of terminal leave.
  6. Senate Bill S5435:
    Grants service credit to members of the uniformed correction force of the New York City Department of Correction covered by provisions of law for over 25 years.
  7. Senate Bill S5659:
    Relates to promotions of detectives; grants detectives of the third grade and detectives of the second grade the same rights in respect to the police pension fund as detectives of a grade higher after a certain period of time.
  8. Senate Bill S5658:
    Relates to promotions of lieutenants; grants a lieutenant who has served for a period of fifteen years the same rights in respect to the police pension fund as a lieutenant detailed to act as lieutenant commander detective squad, or lieutenant special assignment.
  9. Senate Bill S6129:
    Relates to establishing a variable supplements fund for sanitation members of the New York City employees’ retirement system.
  10. Senate Bill S6132:
    Relates to death benefits for members of the uniformed force of the New York City Department of Sanitation and members of the uniformed force of the New York City Department of Correction
  11. Senate Bill S5905:
    Relates to membership in the New York City teachers’ retirement system.
  12. Senate Bill S5903:
    Relates to allowing certain members of the New York City police pension fund to receive service credit for their service in the New York City police department cadet program.  “Cadet Buyback Bill”.
  13. Senate Bill S272:
    Requires public retirement systems to post board meeting minutes on their websites.
2 replies
  1. Kwok
    Kwok says:

    Hi Peter,
    Thanks for the info.
    What is your opinion of Senate Bill S5903 passing?
    Do you hear anything on early retirement incentive in the near future?
    Thanks

    Reply

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