New York 2025-2026 Regular Session

New York Senate Bill S10405

Caption

Removes the twenty-five year requirement for service retirement of certain uniformed members of the New York city fire department pension fund.

Summary

This bill amends the Retirement and Social Security Law to change the service retirement rules for certain New York City uniformed firefighters. Under current law, some police/fire members and other uniformed members become eligible for service retirement benefits after completing 25 years of credited service. This bill creates an exception for members of the New York City Fire Department pension fund, allowing them to receive a normal service retirement benefit after 20 years of service instead of waiting until 25 years. The measure also updates related retirement provisions to distinguish New York City Fire Department pension fund members from other police/fire and uniformed members covered by the same retirement framework. It takes effect immediately and would apply prospectively to the affected fire department pension fund members and their beneficiaries.

Impact

The bill would amend sections 505 and 510 of the Retirement and Social Security Law, narrowing the 25-year service retirement threshold for certain New York City Fire Department pension fund members and creating a separate retirement trigger for them at 20 years of service. This would affect retirement eligibility, benefit timing, and pension administration for uniformed firefighters in the New York City Fire Department, while leaving the existing 25-year rule in place for other covered police/fire and uniformed member groups unless otherwise provided by law.

Sentiment

The available context suggests the bill is generally supportive of firefighters and their retirement benefits, with the stated purpose of removing the 25-year requirement for this group. No committee transcript or vote record is provided, so there is no evidence of recorded opposition or debate in the supplied materials. The bill’s framing indicates a favorable policy intent toward earlier retirement eligibility for New York City firefighters.

Contention

The main policy issue is the cost and fairness of creating a special retirement rule for New York City Fire Department pension fund members while other similarly situated police/fire or uniformed members remain subject to a 25-year threshold. Potential concerns would likely center on pension costs, parity among public safety employees, and the fiscal impact on the pension fund and city finances. However, no explicit objections, amendments, or recorded dissent are included in the provided materials.

Companion Bills

No companion bills found.

Previously Filed As

NY A10254

Removes the twenty-five year requirement for tier three escalation for service retirement of members of the New York city fire department pension fund.

NY S09203

Removes the twenty-five year requirement for tier three escalation for service retirement of members of the New York city fire department pension fund.

NY S09204

Provides that full escalation date means the first day of the month following the date on which a member completes or would have completed twenty-three years of credited service, with respect to service retirement benefits for uniformed members of the New York city fire department pension fund.

NY A11269

NY S10437

Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service, including an additional bonus for each year after year twenty-five.

NY S09306

Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service.

NY A10438

Provides for salary bonuses for members of the uniformed service with the New York city fire department who retire with at least twenty-five, thirty or thirty-five years of service.

NY S08093

Allows members of the New York city fire department pension fund to obtain service credit for retirement eligibility and retirement allowance from any of the public retirement systems of New York state.

NY S10441

Provides for escalation payments for certain members of the New York city fire department pension fund.

NY A06940

Relates to primary social security retirement benefits for certain members; provides that in the computation of the normal service retirement benefit of members of the New York city fire department pension fund, there shall be no reduction for the primary social security retirement benefit.

Similar Bills

No similar bills found.