Establishes an optional twenty-five year retirement plan for certain public safety dispatchers, public safety telecommunicators, 911 operators, communications officers, police communication technicians, emergency services operators and emergency services dispatchers employed by the state, or a county or municipal emergency services department.
Removes eligibility or receipt of primary social security disability benefits as a condition for ordinary disability retirement for New York city enhanced plan members in active service who are not eligible for a normal retirement benefit and have completed five years or more of service.
Provides that for New York city police/fire members, uniformed correction/sanitation revised plan and investigator revised plan members of the New York city employees' retirement system, the service retirement benefit shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.
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; establishes that the beneficiaries of a member who would have been entitled to a service retirement benefit at the time of such member's death may elect to receive, in a lump sum, an amount payable which shall be equal to the pension reserve that would have been established had the member retired on the date of such member's death, or the value of the death benefit and the reserve-for-increased-take-home-pay, if any, whichever is greater.
This bill amends federal tax law to expand an existing exclusion from taxable income to include pensions from traditional employer pension plans (defined benefit plans). Currently, certain pension income is excluded from federal adjusted gross income, but this bill would extend that exclusion to cover these specific pensions. It would apply to taxable years beginning after the effective date, directly affecting retirees receiving payments from defined benefit plans. The change would reduce the taxable income for these retirees by including their pension payments in the exclusion.
This bill establishes a 25-year retirement plan for firefighters employed by New York State's Division of Military and Naval Affairs, specifically airport firefighters (apprentice through level III) and training safety officers. Eligible members can retire after 25 years of creditable service - including prior work with organized fire departments and wartime service after World War I - receiving a pension equal to half their final average salary. Members must elect to join the plan within one year of the bill's effective date. The plan serves as an alternative to existing retirement options under state law.
S 1988 creates a new retirement benefit review panel to provide final resolution for state retirement system members who were denied relief through existing channels. The panel, composed of at least 15 experts in retirement systems (including service credit and benefit transfers), will hear cases after individuals have exhausted other options like formal hearings. The panel can admit relevant evidence, make decisions based on professional judgment, and issue final rulings that cannot be appealed. This directly affects state employees and retirees seeking to resolve disputes over their retirement benefits.
This bill amends New York City's police pension law to allow surviving spouses to retain death benefits after remarrying. Currently, the law terminates these benefits if a surviving spouse remarries, but this change removes that restriction. It specifically applies to members of the New York City Police Pension Fund, ensuring eligible spouses - those who haven't renounced survivorship rights in a separation agreement - can continue receiving payments regardless of remarriage. The policy change takes effect immediately for existing beneficiaries and future cases.
This bill creates a special optional retirement plan for county correction officers and deputy sheriffs who perform correction duties, allowing them to retire after 20 years of service (or at age 62) with a pension equal to 1/40th of their final average salary per year (capped at 50% of that salary). County employers must elect to adopt the plan via resolution, and additional employer contributions fund the enhanced pension. Employees who choose this option must file a written election within one year of joining or their county adopting the plan. The plan does not affect existing retirement benefits, and counties may also offer an additional pension for service beyond 20 years (capping total benefits at 75% of final salary).
Bill S 8154 allows Dutchess County to offer an optional twenty-year retirement plan to eligible members of its Sheriff's Department. If Dutchess County chooses to adopt this plan by resolution, it will be responsible for paying the associated costs. Under this plan, members could retire after 20 years of service or at age 62, receiving a pension based on their final average salary and years of creditable service. The bill specifies how these pension benefits are calculated and defines what service counts towards eligibility.