New York S 10002: Relates to retirement eligibility for certain members

Bill Text

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S10002 Summary:

BILL NOS10002 

&nbsp

SAME ASSAME AS A11108

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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Amd §§503, 504, 603 & 604, R & SS L

&nbsp

Provides for retirement without reduction of their retirement benefit upon attainment of at least fifty-five years of age and completion of thirty or more years of service for certain retirement system members.

Go to top S10002 Actions:

BILL NOS10002 

&nbsp

04/22/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS10002 Committee&nbspVotes:

Go to topS10002 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10002 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10002

 IN SENATE

 April 22, 2026
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the retirement and social security law, in relation to
 retirement eligibility for certain members

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision a of section 503 of the retirement and social
 2 security law, as amended by chapter 18 of the laws of 2012, is amended
 3 to read as follows:
 4 a. The normal service retirement benefit specified in section five
 5 hundred four of this article shall be payable to general members, other
 6 than elective members, who have met the minimum service requirements
 7 upon retirement and attainment of age sixty-two, provided, however, a
 8 general member who is a peace officer employed by the unified court
 9 system or a member of a teachers' retirement system may retire without
 10 reduction of [his or her] their retirement benefit upon attainment of at
 11 least fifty-five years of age and completion of thirty or more years of
 12 service. For members who become members of the New York state and local
 13 employees' retirement system on or after April first, two thousand
 14 twelve, the normal service retirement benefits specified in section five
 15 hundred four of this article shall be payable to general members, other
 16 than elective members, who have met the minimum service requirements
 17 upon retirement and attainment of age sixty-three, provided, however,
 18 that general members, other than elective members, may retire without
 19 reduction of their retirement benefit upon attainment of at least
 20 fifty-five years of age and completion of thirty or more years of
 21 service.
 22 § 2. Subdivisions a and c of section 504 of the retirement and social
 23 security law, as amended by chapter 18 of the laws of 2012, are amended
 24 to read as follows:
 25 a. The service retirement benefit for general members at normal
 26 retirement age with twenty or more years of credited service shall be a
 27 pension equal to one-fiftieth of final average salary times years of
 28 credited service, not in excess of thirty years, less fifty percent of

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15146-07-6

 S. 10002 2

 1 the primary social security retirement benefit as provided in section
 2 five hundred eleven of this article. The service retirement benefit for
 3 general members at normal retirement age with twenty or more years of
 4 service who first become members of the New York state and local employ-
 5 ees' retirement system on or after April first, two thousand twelve at
 6 normal retirement age shall be a pension equal to the sum of thirty-five
 7 per centum and one-fiftieth of final average salary for each year of
 8 service in excess of twenty, but not in excess of thirty, times final
 9 average salary times years of credited service, provided, however, that
 10 such members may retire without reduction of their retirement benefit
 11 upon attainment of at least fifty-five years of age and completion of
 12 thirty or more years of service.
 13 c. The early service retirement benefit for general members, except
 14 for general members whose early retirement benefit is specified in
 15 subdivision d of this section, shall be the service retirement benefit
 16 specified in subdivision a or b of this section, as the case may be,
 17 without