New York S 3655: Relates to establishing a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs

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S03655 Summary:

BILL NOS03655 

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SAME ASSAME AS A05552

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SPONSORSKOUFIS

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COSPNSRADDABBO, ASHBY, BROUK, BYNOE, COONEY, FAHY, FERNANDEZ, HARCKHAM, JACKSON, MURRAY, PALUMBO, PERSAUD,
 ROLISON, RYAN C, RYAN S, SCARCELLA-SPANTON

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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 S03655 Actions:

BILL NOS03655 

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01/29/2025REFERRED TO CIVIL SERVICE AND PENSIONS

04/29/2025REPORTED AND COMMITTED TO FINANCE

12/01/2025RECOMMIT, ENACTING CLAUSE STRICKEN

Go to topS03655 Committee&nbspVotes:

Go to topS03655 Floor&nbspVotes:

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

Go to topS03655 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3655

 2025-2026 Regular Sessions

 IN SENATE

 January 29, 2025
 ___________

 Introduced by Sen. SKOUFIS -- 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
 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

 S. 3655 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 t