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A07791 Summary:

BILL NOA07791A
 
SAME ASSAME AS S07714-A
 
SPONSORPheffer Amato
 
COSPNSRFall, Berger, Braunstein, Lavine, Stern, Colton, Sayegh, Williams
 
MLTSPNSR
 
Amd §§501, 503 & 505, R & SS L
 
Restores 20 year service retirement for New York city police officers.
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A07791 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7791A
 
SPONSOR: Pheffer Amato
  TITLE OF BILL: An act to amend the retirement and social security law, in relation to the restoration of 20 year service retirement for New York city police officers   PURPOSE OR GENERAL IDEA OF BILL: To restore the 20-year service retirement for New York City police offi- cers hired on or after July 1, 2009.   SUMMARY OF PROVISIONS: Section one of the bill amends subdivision 17 of section 501 of the Retirement and Social Security Law to state that for police/fire members of the New York city police pension fund, normal retirement age shall be the age at which a member completes or would have completed twenty years of service. Section two of the bill amends subdivision d of section 503 of the Retirement and Social Security Law to state that the normal service retirement benefit specified in section five hundred five of this Arti- cle shall be paid to police/fire members of the New York city police pension fund, after twenty years of service. Section three of the bill amends section 505 of the Retirement and Social Security Law to add a new subdivision d that states that notwith- standing anything to the contrary in any other law, police/fire members of the New York city police pension fund shall be eligible for a normal service retirement benefit in lieu of an early service retirement bene- fit upon completing twenty years of service pursuant to subdivision d of section five hundred three of this Article.   JUSTIFICATION: This bill seeks to remedy a glaring inequity facing recently-hired New York City police officers. Throughout New York State, police officers become eligible for a full service retirement benefit of half of their final salary after 20 years. And in New York City, police officers hired prior to July 1, 2009 become eligible for a full service retirement benefit after 20 years. However, under current law New York City police officers hired on or after July 1, 2009 do not become eligible for a full service retirement benefit until they have worked at least 22 years. This inequity has played a role in the unprecedented crisis New York City is experiencing in regard to the recruitment and retention of police officers. With respect to retention, 2022 saw the most New York City police officer resignations in at least two decades, including an increase of more than 600% from 10 years ago. Departing police officers regularly cite their inferior pensions and the additional service requirement as reasons for joining other police departments. With respect to recruitment, the NYPD has been unable to fill and graduate sufficient police academy classes. These issues have a profound impact on both New York City police offi- cers and New Yorkers. Many of the NYPD's best, brightest, and most diverse officers are fleeing for neighboring jurisdictions, where they not only are eligible for a 20-year service retirement, but can also earn more wages, work less, and improve their quality of life. For simi- lar reasons, promising young men and women interested in pursuing careers in law enforcement are choosing to join other police agencies or pursue other careers altogether. The loss of these talented individu- als-and the attendant impact on remaining officers who are forced to work overtime due to staffing shortages-makes New York City less safe. And, it has a direct financial impact on the New York taxpayer, both through the significant resources wasted on training officers who soon depart (costs for such training are estimated to be in excess of $100,000 per recruit), as well as the additional overtime costs incurred due to lack of adequate staffing. Finally, and importantly, this bill would merely restore the 20-year service retirement for all New York City police officers as it existed prior to the veto of the Tier 2 extender by Governor. David Paterson in 2009, which was never intended to take away this meaningful benefit for New York City police officers.   PRIOR LEGISLATIVE HISTORY: New Bill.   FISCAL IMPLICATIONS: Please see Bill.   EFFECTIVE DATE: This act shall take effect immediately.
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