New York A 6940: Relates to primary social security retirement benefits for members of the New York city fire department pension fund

Bill Text

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A06940 Summary:

BILL NOA06940A

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SAME ASSAME AS S06289-A

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SPONSORPheffer Amato

&nbsp

COSPNSRCarroll R

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MLTSPNSR

&nbsp

Amd §§505, 511 & 516, R & SS L

&nbsp

Relates to primary social security retirement benefits for certain members; provides that in the computation of the normal service retirement benefit of members of the New York city fire department pension fund, there shall be no reduction for the primary social security retirement benefit.

Go to top A06940 Actions:

BILL NOA06940A

&nbsp

03/18/2025referred to governmental employees

01/07/2026referred to governmental employees

03/17/2026amend and recommit to governmental employees

03/17/2026print number 6940a

Go to topA06940 Committee&nbspVotes:

Go to topA06940 Floor&nbspVotes:

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

Go to topA06940 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6940--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 18, 2025
 ___________

 Introduced by M. of A. PHEFFER AMATO, R. CARROLL -- 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
 primary social security retirement benefits for police/fire members
 who are members of the New York city fire department pension fund

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

 1 Section 1. Section 505 of the retirement and social security law, as
 2 amended by chapter 18 of the laws of 2012, subdivision d as added by
 3 section 3 of part SS of chapter 55 of the laws of 2025, is amended to
 4 read as follows:
 5 § 505. Service retirement benefits; police/fire members, New York city
 6 uniformed correction/sanitation revised plan members and investigator
 7 revised plan members. a. The normal service retirement benefit for
 8 police/fire members, New York city uniformed correction/sanitation
 9 revised plan members and investigator revised plan members at normal
 10 retirement age shall be a pension equal to fifty percent of final aver-
 11 age salary, less fifty percent of the primary social security retirement
 12 benefit commencing at age sixty-two, as provided in section five hundred
 13 eleven of this article, provided, however, that the computation of the
 14 normal service retirement benefit of members of the New York city fire
 15 department pension fund, shall not be reduced by the primary social
 16 security retirement benefit commencing at age sixty-two as provided in
 17 section five hundred eleven of this article.
 18 b. The early service retirement benefit for police/fire members, New
 19 York city uniformed correction/sanitation revised plan members and
 20 investigator revised plan members shall be a pension equal to two and
 21 one-tenths percent of final average salary times years of credited

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05898-05-6

 A. 6940--A 2

 1 service at the completion of twenty years of service or upon attainment
 2 of age sixty-two, increased by one-third of one percent of final average
 3 salary for each month of service in excess of twenty years, but not in
 4 excess of fifty percent of final average salary, less fifty percent of
 5 the primary social security retirement benefit commencing at age sixty-
 6 two as provided in section five hundred eleven of this article,
 7 provided, however, that New York city police/fire revised plan members,
 8 New York city uniformed correction/sanitation revised plan members and
 9 investigator revised plan members shall not be eligible to retire for
 10 service prior to the attainment of twenty years of credited service, and
 11 provided further that the early service retirement benefit of members of
 12 the New York city fire department pension fund shall not be reduced by
 13 the primary social security retirement benefit commencing at age sixty-
 14 two as provided by section five hundred eleven of this article.
 15 c. A police/fire memb