New York A 8003: Allows for certain members of a public retirement system of the state to receive credit for military service

Bill Text

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A08003 Summary:

BILL NOA08003 

&nbsp

SAME ASNo Same As

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SPONSORBailey

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COSPNSR

&nbsp

MLTSPNSR

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Amd §1000, R & SS L

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Allows members of a public retirement system who retired prior to applying for credit for military service because such credit was not available at the time of their retirement to receive such credit if they apply prior to December 31, 2026.

Go to top A08003 Actions:

BILL NOA08003 

&nbsp

04/17/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA08003 Committee&nbspVotes:

Go to topA08003 Floor&nbspVotes:

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

Go to topA08003 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8003

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 17, 2025
 ___________

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

 AN ACT to amend the retirement and social security law, in relation to
 allowing for certain members of a public retirement system of the
 state to apply for credit for military service

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

 1 Section 1. Section 1000 of the retirement and social security law is
 2 amended by adding a new subdivision 5-a to read as follows:
 3 5-a. Notwithstanding the provisions of subdivision five of this
 4 section, a member, who is ineligible to receive the credit allowed
 5 pursuant to this section solely because such member retired on or before
 6 May thirty-first, two thousand sixteen, shall be eligible to receive the
 7 credit allowed pursuant to this section if such member makes application
 8 for such credit on or before December thirty-first, two thousand twen-
 9 ty-six. The service credit available pursuant to this subdivision shall,
 10 when calculated, apply only to benefits received by the member after the
 11 date such member makes application for such credit and no retroactive
 12 benefit payments shall be made to such applicant pursuant to this subdi-
 13 vision. To obtain credit pursuant to this subdivision, a member shall
 14 pay such retirement system, for deposit in the fund used to accumulate
 15 employer contributions, a sum equal to the product of the number of
 16 years of military service being claimed and three percent of such
 17 member's compensation earned during the last twelve consecutive months
 18 of credited service preceding the date that the member retired.
 19 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow former members who retired on or before May 31,
 2016 to apply to receive military service credit pursuant to §1000 of
 the Retirement and Social Security Law (RSSL). If approved, the retire-
 ment benefit will be recalculated as of the date of application and no

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09349-02-5

 A. 8003 2

 retroactive benefits will be paid. Retirees would be required to pay a
 sum equal to the product of number of years of military service granted
 multiplied by three percent (3%) of compensation earned during the last
 twelve consecutive months of credited service preceding the date of
 retirement. Such retirees may receive up to three (3) years of service
 credit for their military service. Application must be made on or before
 December 31, 2026.
 Insofar as this bill affects the New York State and Local Employees'
 Retirement System (NYSLERS), pursuant to Section 25 of the RSSL, the
 increased costs would be borne entirely by the State of New York and
 would require an itemized appropriation sufficient to pay the cost of
 the provision. If this bill were enacted during the 2025 Legislative
 Session, the increase in the present value of benefits would be approxi-
 mately $72.2 million, which is estimated to average 10% of an affected
 retiree's final average salary (FAS) per year of additional service
 granted. After the application deadline, a precise cost will be deter-
 mined (and billed to the State of New York) based on those benefiting
 from this provision.
 Insofar as this bill affects the New York State and Local P