New York S 9306: Relates to longevity bonuses for members of the uniformed service with the New York city fire department

Bill Text

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S09306 Summary:

BILL NOS09306 

&nbsp

SAME ASSAME AS A10438

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §15-110.1, NYC Ad Cd

&nbsp

Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service.

Go to top S09306 Actions:

BILL NOS09306 

&nbsp

02/27/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS09306 Committee&nbspVotes:

Go to topS09306 Floor&nbspVotes:

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

Go to topS09306 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9306

 IN SENATE

 February 27, 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 administrative code of the city of New York, in
 relation to longevity bonuses for members of the uniformed service
 with the New York city fire department

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

 1 Section 1. The administrative code of the city of New York is amended
 2 by adding a new section 15-110.1 to read as follows:
 3 § 15-110.1 Longevity bonuses. a. Notwithstanding any provision of law
 4 to the contrary, when a member shall have accrued twenty-five years of
 5 uniformed service with the New York city fire department, and retires in
 6 any rank, they shall have five per centum of the highest grade of pay
 7 under the applicable collective bargaining agreement of such rank in
 8 which they retire, added to the applicable salary, used for the purposes
 9 of computing pension benefits under the plan in which they are enrolled
 10 with the New York city fire department pension fund; or
 11 b. Notwithstanding any provision of law to the contrary, when a member
 12 shall have accrued thirty years of uniformed service with the New York
 13 city fire department, and retires in any rank, they shall have ten per
 14 centum of the highest grade of pay under the applicable collective
 15 bargaining agreement of such rank in which they retire, added to the
 16 applicable salary, used for the purposes of computing pension benefits
 17 under the plan in which they are enrolled with the New York city fire
 18 pension fund; or
 19 c. Notwithstanding any provision of law to the contrary, when a member
 20 shall have accrued thirty-five years of uniformed service with the New
 21 York city fire department, and retires in any rank, they shall have
 22 fifteen per centum of the highest grade of pay under the applicable
 23 collective bargaining agreement of such rank in which they retire, added
 24 to the applicable salary, used for the purposes of computing pension
 25 benefits under the plan in which they are enrolled with the New York
 26 city fire pension fund.
 27 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13848-02-6

 S. 9306 2

 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 SUMMARY: This proposed legislation, as it relates to the New York City
 Fire Pension Fund (FIRE), would increase the salary used for determining
 pension benefits for members who retire with at least 25 years of
 uniformed FIRE service.
 EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
 by Fiscal Year for the first 25 years ($ in Millions)
 Year FIRE
 2027 0.0
 2028 2.7
 2029 5.6
 2030 8.5
 2031 11.5
 2032 14.6
 2033 17.8
 2034 21.0
 2035 24.3
 2036 27.7
 2037 31.2
 2038 34.7
 2039 38.2
 2040 41.7
 2041 45.4
 2042 46.4
 2043 47.3
 2044 48.3
 2045 49.2
 2046 50.1
 2047 51.0
 2048 51.9
 2049 52.9
 2050 53.9
 2051 54.8
 Employer Contribution impact beyond Fiscal Year 2051 is not shown.
 Projected contributions are based on historical experience for Tier 2
 members. Future retirement patterns may differ due to a shift in popu-
 lation from Tier 2 to Tier 3.
 The entire increase in employer contributions will be allocated to New
 York City.
 PRESENT VALUE OF BENEFITS: The Present Value of Benefits (PVFB) is the
 discounted expected value of benefits paid to current members if all
 assumptions are met, including future