New York A 11195: Authorizes Mike Hartnett to apply for military service credit in the New York city fire pension fund

Bill Text

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A11195 Summary:

BILL NOA11195 

&nbsp

SAME ASSAME AS S10333

&nbsp

SPONSORSlater

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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&nbsp

Authorizes Mike Hartnett to apply for military service credit in the New York city fire pension fund for active duty service in the U.S. Army from July 7, 1964 until July 7, 1967.

Go to top A11195 Actions:

BILL NOA11195 

&nbsp

05/01/2026referred to governmental employees

Go to topA11195 Committee&nbspVotes:

Go to topA11195 Floor&nbspVotes:

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

Go to topA11195 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 11195

 IN ASSEMBLY

 May 1, 2026
 ___________

 Introduced by M. of A. SLATER -- read once and referred to the Committee
 on Governmental Employees

 AN ACT to authorize Mike Hartnett to apply for military service credit
 in the New York city fire pension fund

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

 1 Section 1. Notwithstanding subdivision 5 of section 1000 of the
 2 retirement and social security law, Mike Hartnett, a retired member of
 3 the New York city fire department, who was on active duty in the United
 4 States Army from July 7, 1964 until July 7, 1967, shall be eligible to
 5 apply for military service credit, to be applied retroactively to the
 6 date of his retirement, in the New York city fire pension fund as other-
 7 wise provided pursuant to the provisions of section 1000 of the retire-
 8 ment and social security law. To obtain such credit Mr. Hartnett shall
 9 pay the New York city fire pension fund a sum equal to the product of
 10 the number of years of military service he served, and three percent of
 11 Mr. Hartnett's compensation earned during the last twelve consecutive
 12 months of credited service preceding the date of his retirement. Such
 13 military service credit shall be applied retroactively to the date of
 14 Mr. Hartnett's retirement for purposes of computing his retirement bene-
 15 fit. Any increase in his retirement allowance resulting from such recom-
 16 putation shall be payable retroactively to the date of his retirement,
 17 less any retirement benefits previously paid.
 18 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 SUMMARY: This proposed legislation would allow Mike Hartnett, who
 retired from the New York City Fire Pension Fund (FIRE) with an Accident
 Disability Retirement, to purchase approximately seven months of mili-
 tary service credit, and to receive the resulting increase in retirement
 benefits retroactive to his original retirement date.

 EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
 by Fiscal Year for the first 25 years ($)

 Year FIRE

 2027 0

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13541-04-6

 A. 11195 2

 2028 15,400
 2029 0
 2030 0
 2031 0
 2032 0
 2033 0
 2034 0
 2035 0
 2036 0
 2037 0
 2038 0
 2039 0
 2040 0
 2041 0
 2042 0
 2043 0
 2044 0
 2045 0
 2046 0
 2047 0
 2048 0
 2049 0
 2050 0
 2051 0

 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.

 EXPECTED INCREASE (DECREASE) IN ACTUARIAL PRESENT VALUES
 as of June 30, 2026 ($)

 Present Value (PV) FIRE

 (1) PV of Employer Contributions: 13,900
 (2) PV of Employee Contributions: 2,000
 Total PV of Benefits (1) + (2): 16,000

 UNFUNDED ACCRUED LIABILITY (UAL): Actuarial Accrued Liabilities are
 the portion of the Present Value of Benefits allocated to past service.
 For purposes of this Fiscal Note, UAL attributable to inactive members
 was recognized immediately.

 AMORTIZATION OF UNFUNDED ACCRUED LIABILITY
 FIRE
 Increase (Decrease) in UAL: 13,900
 Number of Payments: 1
 Amortization Payment: 15,400

 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.

 FIRE

 A. 11195 3

 Receiving Members
 - Number Count: 1
 - Average Age: 83.0

 IMPACT ON MEMBER BENEFITS: Mr. Hartnett retired with an A