New York A 8756: Relates to African American history and achievement

Bill Text

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A08756 Summary:

BILL NOA08756A

&nbsp

SAME ASSAME AS S07975-B

&nbsp

SPONSORPheffer Amato

&nbsp

COSPNSR

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MLTSPNSR

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Amd §§505, 511 & 516, R & SS L

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Provides that service retirement benefits for members of the NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

Go to top A08756 Actions:

BILL NOA08756A

&nbsp

06/02/2025referred to governmental employees

01/07/2026referred to governmental employees

03/13/2026amend and recommit to governmental employees

03/13/2026print number 8756a

Go to topA08756 Committee&nbspVotes:

Go to topA08756 Floor&nbspVotes:

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

Go to topA08756 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8756--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 2, 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
 service retirement benefits for members of the New York city police
 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 and 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, except that for members of the New York city
 14 police pension fund, the normal service retirement benefit shall not be
 15 reduced by the primary social security retirement benefit commencing at
 16 age sixty-two as provided in section five hundred eleven of this
 17 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.
 LBD05892-06-6

 A. 8756--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 for members of the New York city police pension
 12 fund, the early service retirement benefit shall not be reduced by the
 13 primary social security retirement benefit commencing at age sixty-two
 14 as provided in section five hundred eleven of this article.
 15 c. A police/fire member, a New York city uniformed
 16 correction/sanitation revised plan member or an investigator revised
 17 plan member who retires with twenty-two years of credited service or
 18 less may become eligible for annual escalation