Provides certain members of the optional retirement program with an additional three percent statutory state contribution for the members of the optional retirement program for employees of both the State University of New York and the City University of New York.
Directs the chair of the board of trustees of the city university of New York shall conduct an audit of such university's participation in retirement systems and issue a report thereon.
Allows new buildings where new parking is provided to have an optional, charger-agnostic, power-based allocation method alternative to certain electric vehicle charging infrastructure requirements; requires the department of state division of building standards and codes to promulgate rules and regulations relating to such alternative.
Removes the twenty-five year requirement for tier three escalation for service retirement of members of the New York city fire department pension fund.
Provides that full escalation date means the first day of the month following the date on which a member completes or would have completed twenty-three years of credited service, with respect to service retirement benefits for uniformed members of the New York city fire department pension fund.
Maddy summaryThis bill establishes longevity bonuses for New York City firefighters with 25+ years of service. It adds 5% to pension calculations upon retirement after 25 years, plus an additional 1% for each year beyond 25 (capped at 15% total after 35 years). The bonus increases the salary used to calculate pension benefits under the firefighters' pension plan. It directly affects NYC firefighters retiring after long careers with the Fire Department. The change applies immediately upon the bill's effective date.
Provides for requirements for the appointment of a guardian for personal needs or property management; requires financial institutions to provide all necessary bank statements for a Medicaid application to a requesting department of social services within thirty days of having received such request.
Establishes an affordable independent senior housing assistance program which shall provide grants within amounts appropriated or otherwise available therefor to affordable independent senior housing properties to establish and operate resident assistance programs.
Imposes a special tax of three-tenths of one percent or one dollar, whichever is greater, on the receipts from the sale of art, antique furniture or antique jewelry at auction; establishes the art education fund to provide assistance for art education and art supplies at the kindergarten through twelfth grade levels at Title I public schools.
Requires anti-bias training for every medical student, medical resident and physician assistant student in the state; requires the department of health to make an annual report on the implementation and effectiveness of such training.
