New York A 5552: Relates to establishing a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs

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A05552 Summary:

BILL NOA05552 

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SAME ASNo Same As

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SPONSORPheffer Amato

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COSPNSREachus, Levenberg, Otis, Kay, McDonald, Schiavoni, Romero, Santabarbara, Stern, Jacobson, Lunsford

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MLTSPNSR

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Add §89-y, amd §§445, 603 & 604, R & SS L

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Establishes a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs.

Go to top A05552 Actions:

BILL NOA05552 

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02/14/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA05552 Committee&nbspVotes:

Go to topA05552 Floor&nbspVotes:

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

Go to topA05552 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5552

 2025-2026 Regular Sessions

 IN ASSEMBLY

 February 14, 2025
 ___________

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

 AN ACT to amend the retirement and social security law, in relation to
 establishing a twenty-five year retirement plan for firefighters
 employed by the division of military and naval affairs

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

 1 Section 1. The retirement and social security law is amended by adding
 2 a new section 89-y to read as follows:
 3 § 89-y. Twenty-five year retirement plan for firefighters employed by
 4 the division of military and naval affairs. a. A member who serves as an
 5 airport firefighter apprentice, airport firefighter I, airport fire-
 6 fighter II, airport firefighter III, or training and safety officer and
 7 is employed by the division of military and naval affairs shall be
 8 eligible to retire pursuant to the provisions of this section. Such
 9 eligibility shall be an alternative to the eligibility provisions avail-
 10 able under any other plan of this article to which such member is
 11 subject.
 12 b. Such member shall be entitled to retire upon the completion of
 13 twenty-five years of total creditable service by filing an application
 14 therefor in the manner provided for in section seventy of this article.
 15 c. Upon completion of twenty-five years of such service and upon
 16 retirement, each such member shall receive a pension which, together
 17 with an annuity which shall be the actuarial equivalent of their accumu-
 18 lated contributions at the time of their retirement and an additional
 19 pension which is the actuarial equivalent of the reserved-for-in-
 20 creased-take-home-pay to which they may then be entitled shall be suffi-
 21 cient to provide them with a retirement allowance equal to one-half of
 22 their final average salary.
 23 d. As used in this section, "creditable service" shall include any and
 24 all services performed as a firefighter apprentice, airport firefighter
 25 I, airport firefighter II, airport firefighter III, or training and
 26 safety officer employed by the division of military and naval affairs.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00937-02-5

 A. 5552 2

 1 e. Credit for service as a paid firefighter or officer of any organ-
 2 ized fire department shall also be deemed to be creditable service and
 3 shall be included in computing years of total service for retirement
 4 pursuant to this section.
 5 f. A member contributing on the basis of this section at the time of
 6 retirement, may retire after the completion of twenty-five years of
 7 total creditable service. Application therefor may be filed in a manner
 8 similar to that provided in section seventy of this article. Upon
 9 completion of twenty-five years of such service and upon retirement,
 10 each such member shall receive a pension which, together with an annuity
 11 which shall be the actuarial equivalent of their accumulated contrib-
 12 utions at the time of their retirement and an additional pension which
 13 is the actuarial equivalent of the reserved-for-increased-take-home-pay
 14 to which they may then be entitled shall be sufficient to provide them
 15 with a retirement allowance equal to one-half of their final average
 16 salary; for service beyond twenty-five years and for non-firefighter
 17 servi