New York S 6433: Provides that New York city correction officers may file for disability without ten years of service

Bill Text

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S06433 Summary:

BILL NOS06433A

&nbsp

SAME ASSAME AS A06582-A

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §507-a, R & SS L

&nbsp

Provides that New York city correction officers may file for disability without ten years of service.

Go to top S06433 Actions:

BILL NOS06433A

&nbsp

03/13/2025REFERRED TO CIVIL SERVICE AND PENSIONS

05/13/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

03/26/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

03/26/2026PRINT NUMBER 6433A

Go to topS06433 Committee&nbspVotes:

Go to topS06433 Floor&nbspVotes:

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

Go to topS06433 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6433--A

 2025-2026 Regular Sessions

 IN SENATE

 March 13, 2025
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions
 -- recommitted to the Committee on Civil Service and Pensions in
 accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
 amended, ordered reprinted as amended and recommitted to said commit-
 tee

 AN ACT to amend the retirement and social security law, in relation to
 disability retirement of certain New York city correction members

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

 1 Section 1. Paragraph 1 of subdivision b of section 507-a of the
 2 retirement and social security law, as added by chapter 452 of the laws
 3 of 1983, is amended to read as follows:
 4 1. Have at least ten years of total service credit, except that a
 5 member in the uniformed personnel of the New York city department of
 6 correction may file an application without regard to length of service,
 7 and
 8 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 SUMMARY: This proposed legislation would modify disability benefits
 for certain correction officers with less than 10 years of credited
 service to allow eligibility for such benefits without having to show
 that the disability resulted from a work-related accident.

 EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
 by Fiscal Year for the first 25 years ($ in Millions)
 Year NYCERS
 2027 0.4
 2028 0.4
 2029 0.4
 2030 0.4

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05748-03-6

 S. 6433--A 2

 2031 0.4
 2032 0.5
 2033 0.5
 2034 0.5
 2035 0.5
 2036 0.6
 2037 0.6
 2038 0.7
 2039 0.7
 2040 0.8
 2041 2.0
 2042 2.1
 2043 2.2
 2044 2.4
 2045 2.5
 2046 2.6
 2047 2.7
 2048 2.8
 2049 2.9
 2050 3.0
 2051 3.1

 Projected contributions include future new hires that may be impacted.
 For Fiscal Year 2052 and beyond, the expected increase in normal cost as
 a level percent of pay for impacted new entrants is approximately 0.20%.
 The entire increase 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, 2025 ($ in Millions)
 Present Value (PV) NYCERS
 (1) PV of Employer Contributions: 0.9
 (2) PV of Employee Contributions: 0.0
 Total PV of Benefits (1) + (2): 0.9

 UNFUNDED ACCRUED LIABILITY (UAL): Actuarial Accrued Liabilities are
 the portion of the Present Value of Benefits allocated to past service.
 Changes in UAL were amortized over the expected remaining working life-
 time of those impacted using level dollar payments.

 AMORTIZATION OF UNFUNDED ACCRUED LIABILITY
 NYCERS
 Increase (Decrease) in UAL: (9.7) M
 Number of Payments: 14
 Amortization Payment: (1.1) M

 CENSUS DATA: The estimates presented herein are based on preliminary
 census data collected as of June 30, 2025. The census data for the
 impacted population is summarized below.
 NYCERS
 Active Members
 - Number Count: 1,816

 S. 6433--A 3

 - Average Age: 39.0
 - Average Service: 6.7
 - Average Salary: 118,200

 IMPACT ON MEMBER BENEFITS: Cur