Relates to obtaining military credit for members of the New York state and local police and fire retirement system, the New York city police pension fund, and the New York city fire pension fund; provides that the calculation for military credit shall be equal to the product of the number of years of military service being claimed and three percent of such member's compensation earned during the twelve months of credited service.
STATE OF NEW YORK
________________________________________________________________________
7827--B
2025-2026 Regular Sessions
IN ASSEMBLY
April 11, 2025
___________
Introduced by M. of A. PHEFFER AMATO, LUNSFORD, SANTABARBARA, BUTTENS-
CHON -- 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 commit-
tee -- again reported from said committee with amendments, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the retirement and social security law, in relation to
obtaining military service credit for members of the New York state
and local police and fire retirement system, the New York city police
pension fund, and the New York city fire pension fund
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 9 of section 1000 of the retirement and social
2 security law, as amended by chapter 41 of the laws of 2016, is amended
3 to read as follows:
4 9. (a) Anything to the contrary in subdivision three of this section
5 notwithstanding, to obtain such credit, a member who first joins a
6 public retirement system of the state on or after April first, two thou-
7 sand twelve shall pay such retirement system, for deposit in the fund
8 used to accumulate employer contributions, a sum equal to the product of
9 the number of years of military service being claimed and six percent of
10 such member's compensation earned during the twelve months of credited
11 service immediately preceding the date that the member made application
12 for credit pursuant to this section.
13 (b) Beginning with applications received by members of the New York
14 state and local police and fire retirement system, the New York city
15 police pension fund, and the New York city fire pension fund on and
16 after April first, two thousand twenty-seven, for members who first
17 become members of the New York state and local police and fire retire-
18 ment system, the New York city police pension fund, and the New York
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08377-09-6
A. 7827--B 2
1 city fire pension fund on or after April first, two thousand twelve, the
2 sum required in paragraph (a) of this subdivision shall be equal to the
3 product of the number of years of military service being claimed and
4 three percent of such member's compensation earned during the twelve
5 months of credited service immediately preceding the date the member
6 made application pursuant to this section.
7 § 2. This act shall take effect immediately.
FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
This bill would decrease the payment required of Tier 6 members of the
New York State and Local Police and Fire Retirement System (NYSLPFRS)
when purchasing military service credit pursuant to Section 1000 of the
retirement and social security law. For applications received on or
after April 1, 2027, Tier 6 members would pay 3% of their last 12-months
compensation for each year of military service credited. Currently,
members must pay 6% of their compensation.
Insofar as this affects NYSLPFRS, employer costs would increase by 3%
of all applicable members' compensation for each year of additional
service credit that is purchased, or approximately $1,000,000 annually.
This cost will be shared by the state and all local participating
employers in NYSLPFRS and spread over future billing cycles.
This permanent annual cost will increase as Tier 6 membership and
average salary grows.
The estimated annual dollar cost is based on years of service credit
purchased annually by Tier 6 members in NYSLPFRS and an average annual
salary of approximately $100,000 as of March 31, 2025. The exact number
of current members as well as future members who could be affected by
this legislation cannot be readily determined.
Summary of relevant resources:
Membership data as of March 31, 2025 was used to measure the impact of
the bill, the same data used in the Actuarial Valuations dated April 1,
2025. Distributions and other statistics can be found in the 2025 Report
of the Actuary and the 2025 Annual Comprehensive Financial Report. The
actuarial assumptions and methods used are described in the 2025 Annual
Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
and Regulations of the State of New York: Audit and Control. The fair
value of assets and GASB disclosures can be found in the 2025 Financial
Statements and Supplementary Information.
Assumptions, demographics, and other considerations may have been
modified to better reflect specific provisions of any proposed benefit
change(s).
This fiscal note does not constitute a legal opinion on the viability
of the bill, nor is it intended to serve as a substitute for the profes-
sional judgment of an attorney.
This estimate, dated May 13, 2026, and intended for use only during
the 2026 Legislative Session, is Fiscal Note Number 2026-211. As Chief
Actuary of the New York State and Local Retirement System (NYSLRS), I,
Aaron Schottin Young, hereby certify that this analysis complies with
applicable Actuarial Standards of Practice as well as the Code of
Professional Conduct and Qualification Standards for Actuaries Issuing
Statements of Actuarial Opinion of the American Academy of Actuaries, of
which I am a member. I am a member of NYSLRS but do not believe it
impairs my objectivity.
