New York S 4262: Relates to promotions of police detectives, sergeants, and lieutenants for retirement purposes

Bill Text

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S04262 Summary:

BILL NOS04262 

&nbsp

SAME ASSAME AS A05376

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRADDABBO, BAILEY, BYNOE, CLEARE, HARCKHAM, LIU, PALUMBO, PERSAUD, RYAN C, SCARCELLA-SPANTON,
 STAVISKY

&nbsp

MLTSPNSR

&nbsp

Amd §14-114, NYC Ad Cd

&nbsp

Relates to promotions of police detectives, sergeants, and lieutenants for retirement purposes.

Go to top S04262 Actions:

BILL NOS04262 

&nbsp

02/03/2025REFERRED TO CITIES 1

01/07/2026REFERRED TO CITIES 1

Go to topS04262 Committee&nbspVotes:

Go to topS04262 Floor&nbspVotes:

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

Go to topS04262 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4262

 2025-2026 Regular Sessions

 IN SENATE

 February 3, 2025
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Cities 1

 AN ACT to amend the administrative code of the city of New York, in
 relation to promotions of police detectives, sergeants, and lieuten-
 ants for retirement purposes

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

 1 Section 1. Section 14-114 of the administrative code of the city of
 2 New York is amended by adding a new subdivision d to read as follows:
 3 d. (1) Notwithstanding any provision of law to the contrary, when a
 4 detective, sergeant, or lieutenant shall have accrued twenty-five years
 5 of uniformed service with the New York city police department, and
 6 retires in any such rank, they shall have five per centum of the highest
 7 grade of pay under the applicable collective bargaining agreement of
 8 such rank in which they retire, added to the applicable salary, used for
 9 the purposes of computing pension benefits under the plan in which they
 10 are enrolled with the New York city police pension fund. A member who
 11 receives an increase to their pension benefit under this paragraph shall
 12 not receive an additional increase under section 14-111 of this chapter;
 13 or
 14 (2) Notwithstanding any provision of law to the contrary, when a
 15 detective, sergeant, or lieutenant shall have accrued thirty years of
 16 uniformed service with the New York city police department, and retires
 17 in any such rank, they shall have ten per centum of the highest grade of
 18 pay under the applicable collective bargaining agreement of such rank in
 19 which they retire, added to the applicable salary, used for the purposes
 20 of computing pension benefits under the plan in which they are enrolled
 21 with the New York city police pension fund. A member who receives an
 22 increase to their pension benefit under this paragraph shall not receive
 23 an additional increase under section 14-111 of this chapter; or

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00082-03-5

 S. 4262 2

 1 (3) Notwithstanding any provision of law to the contrary, when a
 2 detective, sergeant, or lieutenant shall have accrued thirty-five years
 3 of uniformed service with the New York city police department, and
 4 retires in any such rank, they shall have fifteen per centum of the
 5 highest grade of pay under the applicable collective bargaining agree-
 6 ment of such rank in which they retire, added to the applicable salary,
 7 used for the purposes of computing pension benefits under the plan in
 8 which they are enrolled with the New York city police pension fund. A
 9 member who receives an increase to their pension benefit under this
 10 paragraph shall not receive an additional increase under section 14-111
 11 of this chapter.
 12 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 SUMMARY: This proposed legislation, as it relates to the New York City
 Police Pension Fund (POLICE), would increase the salary used for deter-
 mining pension benefits for Detectives, Sergeants, and Lieutenants who
 retire with at least 25 years of uniformed NYPD service.
 EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
 by Fiscal Year for the first 25 years ($ in Millions)

 Year POLICE
 2026 0.0
 2027 2.8
 2028 5.6
 2029 8.5
 2030 11.5
 2031 14.6
 2032 17.8
 2033 21.2
 2034 24.7
 2035 28.4
 2036 32.4