New York A 6633: Grants service credit to members of the uniformed correction force of the New York city department of correction covered by provisions of law for over 25 years

Bill Text

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A06633 Summary:

BILL NOA06633A

&nbsp

SAME ASSAME AS S06435-A

&nbsp

SPONSORPheffer Amato

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §504, R & SS L

&nbsp

Grants service credit to members of the uniformed correction force of the New York city department of correction covered by provisions of law for over 25 years.

Go to top A06633 Actions:

BILL NOA06633A

&nbsp

03/06/2025referred to governmental employees

01/07/2026referred to governmental employees

03/17/2026amend and recommit to governmental employees

03/17/2026print number 6633a

Go to topA06633 Committee&nbspVotes:

Go to topA06633 Floor&nbspVotes:

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

Go to topA06633 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6633--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 6, 2025
 ___________

 Introduced by M. of A. PHEFFER AMATO -- read once and referred to the
 Committee on Governmental Employees -- recommitted to the Committee on
 Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the retirement and social security law, in relation to
 retirement benefits for general members in the uniformed correction
 force of the New York city department of correction

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

 1 Section 1. Subdivision d of section 504 of the retirement and social
 2 security law, as amended by chapter 18 of the laws of 2012, is amended
 3 to read as follows:
 4 d. The early service retirement benefit for general members in the
 5 uniformed correction force of the New York city department of
 6 correction, who are not entitled to an early service retirement benefit
 7 pursuant to subdivision c of section five hundred four-a of this article
 8 or subdivision c of section five hundred four-b of this article or
 9 subdivision c of section five hundred four-d of this article, or for
 10 general members in the uniformed personnel in institutions under the
 11 jurisdiction of the department of corrections and community supervision,
 12 as defined in subdivision i of section eighty-nine of this chapter,
 13 shall be a pension equal to one-fiftieth of final average salary times
 14 years of credited service at the completion of twenty-five years of
 15 service, [but not in excess of fifty percent of final average salary]
 16 plus one-sixtieth of final average salary times years of credited
 17 service in excess of twenty-five, provided, however, that the provisions
 18 of this section shall not apply to a New York city uniformed
 19 correction/sanitation revised plan member.
 20 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD04085-04-6

 A. 6633--A 2

 SUMMARY: This proposed legislation would increase the service retire-
 ment benefit for credited service exceeding 25 years for uniformed
 employees of the New York City Department of Correction who joined
 NYCERS prior to December 19, 1990 (Tier 3 CO-25 Plan Members).
 EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
 by Fiscal Year for the first 25 years ($ in Thousands)

 Year NYCERS
 2027 4,993
 2028 10
 2029 5
 2030 3
 2031 1
 2032 1
 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, including future service accrual and pay increases.
 Future new hires are not included in this present value.
 INITIAL INCREASE (DECREASE) IN ACTUARIAL PRESENT VALUES
 as of June 30, 2025 ($ in Thousands)

 Present Value (PV) NYCERS
 (1) PV of Employer Contributions: 4,528
 (2) PV of Employee Contributions: 0
 Total PV of Benefits (1) + (2): 4,528

 UNFUNDED ACCRUED LIABILITY (UAL): Actuarial Accrued Liabilities are
 the portion of the Present Value of B