Assembly Bill A9395

2023-2024 Legislative Session

Relates to establishing a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A9395 (ACTIVE) - Details

See Senate Version of this Bill:
S9118
Current Committee:
Senate Rules
Law Section:
Retirement and Social Security Law
Laws Affected:
Add §89-y, amd §§445, 603 & 604, R & SS L
Versions Introduced in Other Legislative Sessions:
2019-2020: A7615, S5286
2021-2022: A6062, A9861, S4859, S8652

2023-A9395 (ACTIVE) - Summary

Establishes a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs.

2023-A9395 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9395
 
                           I N  A S S E M B L Y
 
                               March 6, 2024
                                ___________
 
 Introduced  by  M.  of A. PHEFFER AMATO -- read once and referred to the
   Committee on Governmental Employees
 
 AN ACT to amend the retirement and social security law, in  relation  to
   establishing  a  twenty-five  year  retirement  plan  for firefighters
   employed by the division of military and naval affairs
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The retirement and social security law is amended by adding
 a new section 89-y to read as follows:
   §  89-Y. TWENTY-FIVE YEAR RETIREMENT PLAN FOR FIREFIGHTERS EMPLOYED BY
 THE DIVISION OF MILITARY AND NAVAL AFFAIRS. A. A MEMBER WHO SERVES AS AN
 AIRPORT FIREFIGHTER APPRENTICE, AIRPORT  FIREFIGHTER  I,  AIRPORT  FIRE-
 FIGHTER  II, AIRPORT FIREFIGHTER III, OR TRAINING AND SAFETY OFFICER AND
 IS EMPLOYED BY THE DIVISION OF  MILITARY  AND  NAVAL  AFFAIRS  SHALL  BE
 ELIGIBLE  TO  RETIRE  PURSUANT  TO  THE PROVISIONS OF THIS SECTION. SUCH
 ELIGIBILITY SHALL BE AN ALTERNATIVE TO THE ELIGIBILITY PROVISIONS AVAIL-
 ABLE UNDER ANY OTHER PLAN OF  THIS  ARTICLE  TO  WHICH  SUCH  MEMBER  IS
 SUBJECT.
   B.  SUCH  MEMBER  SHALL  BE  ENTITLED TO RETIRE UPON THE COMPLETION OF
 TWENTY-FIVE YEARS OF TOTAL CREDITABLE SERVICE BY FILING  AN  APPLICATION
 THEREFOR IN THE MANNER PROVIDED FOR IN SECTION SEVENTY OF THIS ARTICLE.
   C.  UPON  COMPLETION  OF  TWENTY-FIVE  YEARS  OF SUCH SERVICE AND UPON
 RETIREMENT, EACH SUCH MEMBER SHALL RECEIVE  A  PENSION  WHICH,  TOGETHER
 WITH  AN  ANNUITY  WHICH SHALL BE THE ACTUARIAL EQUIVALENT OF HIS OR HER
 ACCUMULATED CONTRIBUTIONS AT THE TIME OF HIS OR HER  RETIREMENT  AND  AN
 ADDITIONAL  PENSION  WHICH  IS THE ACTUARIAL EQUIVALENT OF THE RESERVED-
 FOR-INCREASED-TAKE-HOME-PAY TO WHICH HE OR  SHE  MAY  THEN  BE  ENTITLED
 SHALL  BE  SUFFICIENT  TO PROVIDE HIM OR HER WITH A RETIREMENT ALLOWANCE
 EQUAL TO ONE-HALF OF HIS OR HER FINAL AVERAGE SALARY.
   D. AS USED IN THIS SECTION, "CREDITABLE SERVICE" SHALL INCLUDE ANY AND
 ALL SERVICES PERFORMED AS A FIREFIGHTER APPRENTICE, AIRPORT  FIREFIGHTER
 I,  AIRPORT  FIREFIGHTER  II,  AIRPORT  FIREFIGHTER III, OR TRAINING AND
 SAFETY OFFICER EMPLOYED BY THE DIVISION OF MILITARY AND NAVAL AFFAIRS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06911-04-4
              

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