New York S 10312: Authorizes the transfer of memberships for certain members of the New York state and local police and fire retirement system to the New York state and local employees' retirement system

Bill Text

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S10312 Summary:

BILL NOS10312 

&nbsp

SAME ASSAME AS A10847

&nbsp

SPONSORADDABBO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §384-d, R & SS L

&nbsp

Authorizes the transfer of memberships for certain members of the New York state and local police and fire retirement system who previously held a membership with the New York state and local employees' retirement system back to such retirement system.

Go to top S10312 Actions:

BILL NOS10312 

&nbsp

05/12/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS10312 Committee&nbspVotes:

Go to topS10312 Floor&nbspVotes:

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

Go to topS10312 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10312

 IN SENATE

 May 12, 2026
 ___________

 Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the retirement and social security law, in relation to
 authorizing the transfer of memberships for certain members of the New
 York state and local police and fire retirement system to the New York
 state and local employees' retirement system

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

 1 Section 1. Section 384-d of the retirement and social security law is
 2 amended by adding a new subdivision z to read as follows:
 3 z. Any member currently enrolled pursuant to this section and who
 4 previously had a membership with the New York state and local employees'
 5 retirement system may elect to retroactively transfer their membership
 6 in the New York state and local police and fire retirement system to the
 7 New York state and local employees' retirement system.
 8 § 2. Notwithstanding any other provision of law to the contrary, none
 9 of the provisions of this act shall be subject to section 25 of the
 10 retirement and social security law.
 11 § 3. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow active members of the New York State and Local
 Police and Fire Retirement System (NYSLPFRS) to retroactively transfer
 all service credit to prior membership in the New York State and Local
 Employees' Retirement System (NYSLERS). To transfer, the member must be
 covered by section 384-d of the retirement and social security law
 (RSSL). Active membership in NYSLERS is not required.
 Insofar as this bill affects NYSLERS, the cost will depend upon the
 applicant's age, service, salary, plan, and any benefit type otherwise
 payable.
 The provisions of section 25 of the RSSL shall not apply. All costs
 will be shared by the state of New York and all participating employers
 in NYSLERS and spread over future billing cycles.
 We anticipate additional administrative costs to implement the
 provisions of this legislation.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08487-03-6

 S. 10312 2

 The number of members who could be affected by this legislation cannot
 be readily determined. There are approximately 26,000 active members
 under RSSL section 384-d as of March 31, 2025.
 Summary of relevant resources:
 Membership data as of March 31, 2025 was used to measure the impact of
 the bill, the same data used in the Actuarial Valuations dated April 1,
 2025. Distributions and other statistics can be found in the 2025 Report
 of the Actuary and the 2025 Annual Comprehensive Financial Report. The
 actuarial assumptions and methods used are described in the 2025 Annual
 Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
 and Regulations of the State of New York: Audit and Control. The fair
 value of assets and GASB disclosures can be found in the 2025 Financial
 Statements and Supplementary Information.
 Assumptions, demographics, and other considerations may have been
 modified to better reflect specific provisions of any proposed benefit
 change(s).
 This fiscal note does not constitute a legal opinion on the viability
 of the bill, nor is it intended to serve as a substitute for the profes-
 sional judgment of an attorney.
 This estimate, dated March 27, 2026, and intended for use only during
 the 2026 Le