S T A T E   O F   N E W   Y O R K
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                                  6718--A
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 10, 2025
                                ___________
 
 Introduced  by M. of A. PHEFFER AMATO, LUPARDO, WOERNER, JONES, SCHIAVO-
   NI, CLARK, McMAHON, GRIFFIN -- read once and referred to the Committee
   on Governmental  Employees  --  committee  discharged,  bill  amended,
   ordered reprinted as amended and recommitted to said committee
 
 AN  ACT  to amend the retirement and social security law, in relation to
   establishing alternative twenty and twenty-five year plans for certain
   officers of state law enforcement
 
   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
 two new sections 383-e and 383-f to read as follows:
   § 383-E.  RETIREMENT OF OFFICERS OF STATE LAW ENFORCEMENT; TWENTY YEAR
 RETIREMENT  PLAN.  A.  MEMBERSHIP.  EVERY NON-SEASONALLY APPOINTED SWORN
 MEMBER OR OFFICER OF THE DIVISION OF LAW ENFORCEMENT IN  THE  DEPARTMENT
 OF  ENVIRONMENTAL  CONSERVATION,  A  FOREST RANGER IN THE SERVICE OF THE
 DEPARTMENT OF ENVIRONMENTAL CONSERVATION, WHICH SHALL MEAN A PERSON  WHO
 SERVES  ON  A  FULL-TIME  BASIS  IN THE TITLE OF FOREST RANGER I, FOREST
 RANGER II, FOREST RANGER III, ASSISTANT SUPERINTENDENT  OF  FOREST  FIRE
 CONTROL,  SUPERINTENDENT  OF FOREST FIRE CONTROL OR ANY SUCCESSOR TITLES
 OR NEW TITLES IN THE FOREST RANGER TITLE SERIES  IN  THE  DEPARTMENT  OF
 ENVIRONMENTAL  CONSERVATION, A POLICE OFFICER IN THE DEPARTMENT OF ENVI-
 RONMENTAL CONSERVATION, THE REGIONAL STATE PARK POLICE,  AND  UNIVERSITY
 POLICE  OFFICERS  WHO  ENTER OR RE-ENTER SERVICE IN ANY SUCH TITLE WHOSE
 DATE OF MEMBERSHIP IS ON OR AFTER JANUARY NINTH,  TWO  THOUSAND  TEN  IN
 SUCH  SERVICE  ON OR BEFORE ONE YEAR PRIOR TO THE EFFECTIVE DATE OF THIS
 SECTION MAY ELECT TO BE COVERED BY THE PROVISIONS  OF  THIS  SECTION  BY
 FILING  AN ELECTION THEREFOR WITH THE COMPTROLLER. TO BE EFFECTIVE, SUCH
 ELECTION MUST BE DULY EXECUTED AND ACKNOWLEDGED ON A  FORM  PREPARED  BY
 THE COMPTROLLER FOR THAT PURPOSE.
   B.  RETIREMENT  ALLOWANCE. A MEMBER, COVERED BY THE PROVISIONS OF THIS
 SECTION AT THE TIME OF RETIREMENT, SHALL  BE  ENTITLED  TO  RETIRE  UPON
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08868-06-5
              

 A. 6718--A                          2
 
 COMPLETION  OF  TWENTY YEARS OF TOTAL CREDITABLE SERVICE IN SUCH TITLES,
 AND SHALL RETIRE UPON THE ATTAINMENT OF  THE  MANDATORY  RETIREMENT  AGE
 PRESCRIBED  BY  THIS  SECTION,  BY  FILING  AN APPLICATION THEREFOR IN A
 MANNER SIMILAR TO THAT PROVIDED IN SECTION THREE HUNDRED SEVENTY OF THIS
 ARTICLE.
   1.  UPON  COMPLETION  OF TWENTY YEARS OF SUCH SERVICE AND UPON RETIRE-
 MENT, EACH SUCH MEMBER SHALL RECEIVE A PENSION WHICH, TOGETHER  WITH  AN
 ANNUITY  FOR SUCH YEARS OF SERVICE AS PROVIDED IN PARAGRAPH FOUR OF THIS
 SUBDIVISION, SHALL BE SUFFICIENT TO PROVIDE SUCH MEMBER WITH  A  RETIRE-
 MENT ALLOWANCE OF ONE-HALF OF SUCH MEMBER'S FINAL AVERAGE SALARY.
   2.  UPON COMPLETION OF MORE THAN TWENTY YEARS OF SUCH SERVICE AND UPON
 RETIREMENT, EACH SUCH MEMBER SHALL RECEIVE, FOR EACH YEAR OF SERVICE  IN
 EXCESS  OF TWENTY, AN ADDITIONAL PENSION WHICH, TOGETHER WITH AN ANNUITY
 FOR EACH SUCH YEAR AS PROVIDED IN PARAGRAPH FOUR  OF  THIS  SUBDIVISION,
 SHALL  BE  EQUAL  TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVERAGE SALARY,
 PROVIDED, HOWEVER, THAT THE PENSION PAYABLE  PURSUANT  TO  THIS  SECTION
 SHALL NOT EXCEED THREE-QUARTERS OF FINAL AVERAGE SALARY.
   3.  UPON ATTAINMENT OF THE MANDATORY RETIREMENT AGE WITHOUT COMPLETION
 OF TWENTY YEARS OF SUCH  SERVICE,  EACH  SUCH  MEMBER  SHALL  RECEIVE  A
 PENSION  WHICH,  TOGETHER  WITH  AN ANNUITY FOR SUCH YEARS OF SERVICE AS
 PROVIDED IN PARAGRAPH FOUR OF THIS SUBDIVISION, SHALL BE EQUAL  TO  ONE-
 FORTIETH OF SUCH MEMBER'S FINAL AVERAGE SALARY FOR EACH YEAR OF CREDITA-
 BLE  SERVICE IN SUCH TITLES. EVERY SUCH MEMBER SHALL ALSO BE ENTITLED TO
 AN ADDITIONAL PENSION EQUAL TO THE PENSION FOR  ANY  CREDITABLE  SERVICE
 RENDERED  WHILE  NOT  AN EMPLOYEE IN SUCH TITLES AS PROVIDED UNDER PARA-
 GRAPHS THREE AND FOUR OF SUBDIVISION A OF SECTION THREE  HUNDRED  SEVEN-
 TY-FIVE  OF  THIS  ARTICLE.  THIS  LATTER PENSION SHALL NOT INCREASE THE
 TOTAL ALLOWANCE TO MORE THAN ONE-HALF OF  SUCH  MEMBER'S  FINAL  AVERAGE
 SALARY.
   4.  THE  ANNUITY  PROVIDED UNDER PARAGRAPHS ONE, TWO AND THREE OF THIS
 SUBDIVISION SHALL BE THE ACTUARIAL EQUIVALENT, AT THE  TIME  OF  RETIRE-
 MENT,  OF  THE MEMBER'S ACCUMULATED CONTRIBUTIONS BASED UPON THE RATE OF
 CONTRIBUTION FIXED UNDER SECTION  THREE  HUNDRED  EIGHTY-THREE  OF  THIS
 TITLE  AND  UPON THE SALARIES EARNED WHILE IN SUCH SERVICE. SUCH ANNUITY
 SHALL BE COMPUTED AS IT WOULD BE IF IT WERE NOT REDUCED BY THE ACTUARIAL
 EQUIVALENT OF ANY  OUTSTANDING  LOAN  NOR  BY  REASON  OF  THE  MEMBER'S
 ELECTION  TO  DECREASE  SUCH MEMBER'S CONTRIBUTIONS TOWARD RETIREMENT IN
 ORDER TO APPLY THE RESULTING AMOUNT TOWARD PAYMENT OF CONTRIBUTIONS  FOR
 OLD  AGE  AND  SURVIVOR'S  INSURANCE.  ANY  ACCUMULATED CONTRIBUTIONS IN
 EXCESS OF THE AMOUNT REQUIRED TO PROVIDE THE ANNUITY  COMPUTED  PURSUANT
 TO  THIS  PARAGRAPH  SHALL  BE  USED TO INCREASE THE MEMBER'S RETIREMENT
 ALLOWANCE.
   C. CREDIT FOR PREVIOUS SERVICE. IN COMPUTING THE YEARS OF TOTAL  CRED-
 ITABLE  SERVICE  FOR  EACH MEMBER DESCRIBED HEREIN, FULL CREDIT SHALL BE
 GIVEN AND FULL ALLOWANCE SHALL BE MADE FOR SERVICE RENDERED AS A  POLICE
 OFFICER OR STATE UNIVERSITY PEACE OFFICER OR MEMBER OF A POLICE FORCE OR
 DEPARTMENT  OF  A  STATE  PARK  AUTHORITY  OR COMMISSION OR AN ORGANIZED
 POLICE FORCE OR DEPARTMENT OF A  COUNTY,  CITY,  TOWN,  VILLAGE,  POLICE
 DISTRICT,  AUTHORITY  OR  OTHER  PARTICIPATING EMPLOYER OR MEMBER OF THE
 CAPITAL POLICE FORCE IN THE OFFICE OF GENERAL SERVICES WHILE A MEMBER OF
 THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM,  OF  THE
 NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM OR OF THE NEW YORK
 CITY  POLICE  PENSION FUND AND FOR ALL SERVICE FOR WHICH FULL CREDIT HAS
 BEEN GIVEN AND FULL ALLOWANCE MADE PURSUANT TO THE PROVISIONS OF SECTION
 THREE HUNDRED SEVENTY-FIVE-H OF THIS  ARTICLE  PROVIDED,  HOWEVER,  THAT
 FULL  CREDIT  PURSUANT TO THE PROVISIONS OF SUCH SECTION SHALL MEAN ONLY
 A. 6718--A                          3
 
 SUCH SERVICE AS WOULD BE CREDITABLE SERVICE PURSUANT TO  THE  PROVISIONS
 OF  SECTION  THREE  HUNDRED  EIGHTY-THREE, THREE HUNDRED EIGHTY-THREE-A,
 THREE HUNDRED EIGHTY-THREE-B, AS ADDED BY CHAPTER SIX  HUNDRED  SEVENTY-
 FOUR  OF  THE LAWS OF NINETEEN HUNDRED EIGHTY-SIX, THREE HUNDRED EIGHTY-
 THREE-B, AS ADDED BY CHAPTER SIX HUNDRED SEVENTY-SEVEN OF  THE  LAWS  OF
 NINETEEN  HUNDRED  EIGHTY-SIX,  THREE  HUNDRED  EIGHTY-THREE-C  OR THREE
 HUNDRED EIGHTY-THREE-D OF THIS TITLE OR PURSUANT TO  THE  PROVISIONS  OF
 TITLE  THIRTEEN  OF  THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK FOR
 ANY MEMBER CONTRIBUTING PURSUANT TO THIS SECTION WHO TRANSFERRED TO  THE
 JURISDICTION  OF  THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION INCLUDING
 BUT NOT  LIMITED  TO  ENVIRONMENTAL  CONSERVATION  OFFICERS  AND  FOREST
 RANGERS,  REGIONAL  STATE  PARK  POLICE  OR STATE UNIVERSITY OF NEW YORK
 PEACE OFFICERS.
   D. RETIREMENT FOR CAUSE. UPON RECEIPT OF A CERTIFICATE FROM  THE  HEAD
 OF THE ENTITY WHERE SUCH MEMBER IS EMPLOYED OR SUCH MEMBER'S DESIGNEE, A
 MEMBER  AS  DESCRIBED  IN SUBDIVISION A OF THIS SECTION, WHO HAS ACCRUED
 TWENTY-FIVE OR MORE YEARS OF SERVICE CREDIT UNDER THIS SECTION SHALL  BE
 RETIRED  ON  THE  FIRST DAY OF THE SECOND MONTH NEXT SUCCEEDING THE DATE
 SUCH CERTIFICATE WAS FILED WITH THE COMPTROLLER.
   E. CREDIT FOR MILITARY SERVICE. IN COMPUTING THE YEARS OF TOTAL  CRED-
 ITABLE  SERVICE  FULL  CREDIT SHALL BE GIVEN AND FULL ALLOWANCE SHALL BE
 MADE FOR SERVICE OF SUCH MEMBER IN WAR AFTER WORLD WAR I AS  DEFINED  IN
 SECTION  THREE  HUNDRED TWO OF THIS ARTICLE, PROVIDED SUCH MEMBER AT THE
 TIME OF SUCH MEMBER'S ENTRANCE INTO  THE  ARMED  FORCES  WAS  IN  POLICE
 SERVICE AS DEFINED IN SUBDIVISION ELEVEN OF SECTION THREE HUNDRED TWO OF
 THIS ARTICLE.
   F.  TRANSFER OF MEMBERSHIP TO EMPLOYEES' RETIREMENT SYSTEM. ANY MEMBER
 CURRENTLY ENROLLED PURSUANT TO THIS SECTION AND  WHO  PREVIOUSLY  TRANS-
 FERRED  SERVICE  CREDIT  FROM  THE  NEW  YORK STATE AND LOCAL EMPLOYEES'
 RETIREMENT SYSTEM TO THE NEW  YORK  STATE  AND  LOCAL  POLICE  AND  FIRE
 RETIREMENT  SYSTEM,  MAY  ELECT  TO TRANSFER SUCH PREVIOUSLY TRANSFERRED
 SERVICE CREDIT BACK TO THE NEW YORK STATE AND LOCAL  EMPLOYEES'  RETIRE-
 MENT  SYSTEM,  AND  SUCH  MEMBER  SHALL HAVE THE OPTION TO RETROACTIVELY
 TRANSFER  SUCH  MEMBER'S  MEMBERSHIP  INTO  SUCH  EMPLOYEES'  RETIREMENT
 SYSTEM.
   G.  THE PROVISIONS OF THIS SECTION SHALL BE CONTROLLING, NOTWITHSTAND-
 ING ANY PROVISION OF THIS ARTICLE TO THE CONTRARY.
   § 383-F.  RETIREMENT OF OFFICERS OF STATE LAW ENFORCEMENT; ALTERNATIVE
 TWENTY-FIVE YEAR RETIREMENT PLAN. A.  MEMBERSHIP.  EVERY  NON-SEASONALLY
 APPOINTED  SWORN MEMBER OR OFFICER OF THE DIVISION OF LAW ENFORCEMENT IN
 THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION, A  FOREST  RANGER  IN  THE
 SERVICE  OF  THE  DEPARTMENT  OF ENVIRONMENTAL CONSERVATION, WHICH SHALL
 MEAN A PERSON WHO SERVES ON A FULL-TIME BASIS IN  THE  TITLE  OF  FOREST
 RANGER  I, FOREST RANGER II, FOREST RANGER III, ASSISTANT SUPERINTENDENT
 OF FOREST FIRE CONTROL, OR ANY SUCCESSOR TITLES OR  NEW  TITLES  IN  THE
 FOREST  RANGER TITLE SERIES IN THE DEPARTMENT OF ENVIRONMENTAL CONSERVA-
 TION, A POLICE OFFICER IN THE DEPARTMENT OF ENVIRONMENTAL  CONSERVATION,
 THE  REGIONAL  STATE  PARK  POLICE, AND UNIVERSITY POLICE OFFICERS WHOSE
 DATE OF MEMBERSHIP IS PRIOR TO JANUARY NINTH, TWO THOUSAND TEN  IN  SUCH
 SERVICE  WITHIN ONE YEAR OF THE EFFECTIVE DATE OF THIS SECTION OR WITHIN
 ONE YEAR OF EMPLOYMENT IN AN ELIGIBLE TITLE,  WHICHEVER  IS  LATER,  MAY
 ELECT  TO  BE  COVERED  BY  THE  PROVISIONS OF THIS SECTION BY FILING AN
 ELECTION THEREFOR WITH THE COMPTROLLER.  UPON COMPLETION OF  TWENTY-FIVE
 YEARS  OF  SUCH  SERVICE  AND  UPON  RETIREMENT,  EACH SUCH MEMBER SHALL
 RECEIVE A PENSION WHICH, TOGETHER WITH AN ANNUITY, IF ANY,  WHICH  SHALL
 BE  THE  ACTUARIAL EQUIVALENT OF SUCH MEMBER'S ACCUMULATED CONTRIBUTIONS
 A. 6718--A                          4
 
 AT THE TIME OF THEIR RETIREMENT AND AN ADDITIONAL PENSION WHICH  IS  THE
 ACTUARIAL EQUIVALENT OF THE RESERVE-FOR-INCREASED-TAKE-HOME-PAY TO WHICH
 SUCH MEMBER MAY THEN BE ENTITLED, IF ANY, SHALL BE SUFFICIENT TO PROVIDE
 SUCH MEMBER WITH A RETIREMENT ALLOWANCE EQUAL TO 58.333 PERCENT OF THEIR
 FINAL  AVERAGE  SALARY.    TO  BE  EFFECTIVE, SUCH ELECTION MUST BE DULY
 EXECUTED AND ACKNOWLEDGED ON A FORM PREPARED BY THE COMPTROLLER FOR SUCH
 PURPOSE.
   B. RETIREMENT ALLOWANCE. 1. A MEMBER, COVERED  BY  THE  PROVISIONS  OF
 THIS SECTION AT THE TIME OF RETIREMENT, SHALL BE ENTITLED TO RETIRE UPON
 COMPLETION  OF  TWENTY-FIVE  YEARS  OF  TOTAL CREDITABLE SERVICE IN SUCH
 TITLES BY FILING AN APPLICATION THEREFOR IN A  MANNER  SIMILAR  TO  THAT
 PROVIDED IN SECTION THREE HUNDRED SEVENTY OF THIS ARTICLE.
   2.  UPON COMPLETION OF MORE THAN TWENTY-FIVE YEARS OF SUCH SERVICE AND
 UPON  RETIREMENT,  EACH  SUCH  MEMBER  SHALL  RECEIVE,  FOR EACH YEAR OF
 SERVICE IN EXCESS OF TWENTY-FIVE, AN ADDITIONAL PENSION WHICH,  TOGETHER
 WITH  AN  ANNUITY  FOR  EACH SUCH YEAR AS PROVIDED IN PARAGRAPH THREE OF
 THIS SUBDIVISION, SHALL BE EQUAL TO ONE-SIXTIETH OF THEIR FINAL  AVERAGE
 SALARY,  PROVIDED,  HOWEVER,  THAT  THE PENSION PAYABLE PURSUANT TO THIS
 SECTION SHALL NOT EXCEED THREE-QUARTERS OF SUCH MEMBER'S  FINAL  AVERAGE
 SALARY.
   3.  THE ANNUITY PROVIDED UNDER PARAGRAPH TWO OF THIS SUBDIVISION SHALL
 BE THE ACTUARIAL EQUIVALENT, AT THE TIME OF RETIREMENT, OF THE  MEMBER'S
 ACCUMULATED  CONTRIBUTIONS  BASED  UPON  THE RATE OF CONTRIBUTIONS FIXED
 UNDER SECTION THREE HUNDRED EIGHTY-THREE OF  THIS  TITLE  AND  UPON  THE
 SALARIES EARNED WHILE IN SUCH SERVICE. SUCH ANNUITY SHALL BE COMPUTED AS
 IT  WOULD  BE  IF IT WERE NOT REDUCED BY THE ACTUARIAL EQUIVALENT OF ANY
 OUTSTANDING LOAN NOR BY REASON OF THE MEMBER'S ELECTION TO DECREASE SUCH
 MEMBER'S CONTRIBUTIONS FOR OLD AGE AND SURVIVOR'S INSURANCE. ANY ACCUMU-
 LATED CONTRIBUTIONS IN EXCESS OF THE  AMOUNT  REQUIRED  TO  PROVIDE  THE
 ANNUITY  COMPUTED  PURSUANT  TO THIS PARAGRAPH SHALL BE USED TO INCREASE
 THE MEMBER'S RETIREMENT ALLOWANCE.
   C. CREDIT FOR PREVIOUS SERVICE. IN COMPUTING THE YEARS OF TOTAL  CRED-
 ITABLE  SERVICE  FOR  EACH MEMBER DESCRIBED HEREIN, FULL CREDIT SHALL BE
 GIVEN AND FULL ALLOWANCE SHALL BE MADE FOR SERVICE RENDERED AS A  POLICE
 OFFICER OR STATE UNIVERSITY PEACE OFFICER OR MEMBER OF A POLICE FORCE OR
 DEPARTMENT  OF  A  STATE  PARK  AUTHORITY  OR COMMISSION OR AN ORGANIZED
 POLICE FORCE OR DEPARTMENT OF A  COUNTY,  CITY,  TOWN,  VILLAGE,  POLICE
 DISTRICT,  AUTHORITY  OR  OTHER  PARTICIPATING EMPLOYER OR MEMBER OF THE
 CAPITAL POLICE FORCE IN THE OFFICE OF GENERAL SERVICES WHILE A MEMBER OF
 THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM,  OF  THE
 NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM OR OF THE NEW YORK
 CITY  POLICE  PENSION FUND AND FOR ALL SERVICE FOR WHICH FULL CREDIT HAS
 BEEN GIVEN AND FULL ALLOWANCE MADE PURSUANT TO THE PROVISIONS OF SECTION
 THREE HUNDRED SEVENTY-FIVE-H OF THIS  ARTICLE  PROVIDED,  HOWEVER,  THAT
 FULL  CREDIT  PURSUANT TO THE PROVISIONS OF SUCH SECTION SHALL MEAN ONLY
 SUCH SERVICE AS WOULD BE CREDITABLE SERVICE PURSUANT TO  THE  PROVISIONS
 OF  SECTION  THREE  HUNDRED  EIGHTY-THREE, THREE HUNDRED EIGHTY-THREE-A,
 THREE HUNDRED EIGHTY-THREE-B, AS ADDED BY CHAPTER SIX  HUNDRED  SEVENTY-
 FOUR  OF  THE LAWS OF NINETEEN HUNDRED EIGHTY-SIX, THREE HUNDRED EIGHTY-
 THREE-B, AS ADDED BY CHAPTER SIX HUNDRED SEVENTY-SEVEN OF  THE  LAWS  OF
 NINETEEN  HUNDRED  EIGHTY-SIX,  THREE  HUNDRED  EIGHTY-THREE-C  OR THREE
 HUNDRED EIGHTY-THREE-D OF THIS TITLE OR PURSUANT TO  THE  PROVISIONS  OF
 TITLE  THIRTEEN  OF  THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK FOR
 ANY MEMBER CONTRIBUTING PURSUANT TO THIS SECTION WHO TRANSFERRED TO  THE
 JURISDICTION  OF  THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION INCLUDING
 BUT NOT  LIMITED  TO  ENVIRONMENTAL  CONSERVATION  OFFICERS  AND  FOREST
 A. 6718--A                          5
 
 RANGERS,  REGIONAL  STATE  PARK  POLICE  OR STATE UNIVERSITY OF NEW YORK
 PEACE OFFICERS.
   §  2.  Notwithstanding any other provision of law to the contrary, any
 member of the New York state and local police and fire retirement system
 who is covered by this act who became a member on or after July 1,  2009
 and  before  January  9, 2010 who elects coverage under section 383-f of
 the retirement and social security law pursuant to  this  act  shall  be
 making  an  irrevocable election subject to all the terms and conditions
 of article 11 of the retirement and social security law.
   § 3. This act shall take effect on the first of January next  succeed-
 ing the date on which it shall have become a law.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This  bill would create §383-e and §383-f in the Retirement and Social
 Security Law (RSSL) providing new service  retirement  benefits  to  law
 enforcement  officers  employed  by  the  State  of  New York, currently
 covered by the provisions of
      + RSSL §383-a: regional state park police;
      + RSSL  §383-b:  department  of  environmental  conservation  (DEC)
      police;
      + RSSL §383-b: office of general services capital police;
      + RSSL §383-c: DEC forest rangers;
      + RSSL §383-d: State University of New York police.
   Currently,  these  members  of the New York State and Local Police and
 Fire Retirement System (NYSLPFRS) are  covered  by  a  25-year  half-pay
 service retirement plan with up to 7 years of additional 60ths.
   RSSL §383-e is available to officers whose date of membership is on or
 after  January  9,  2010  (commonly called Tier 5 or Tier 6 members) and
 provides a 20-year half-pay service retirement plan with up to 15  years
 of additional 60ths.
   RSSL  §383-f  is  available  to  officers  whose date of membership is
 before January 9, 2010 (commonly called  Tier  1,  Tier  2,  or  Tier  3
 members).    Members would be eligible to retire upon attaining 25-years
 of service credit. However, the benefit accruals would be equal to those
 under a 20-year half-pay service retirement plan with up to 15 years  of
 additional 60ths.
   Disability benefits are not expected to change.
   If this bill is enacted during the 2025 Legislative Session, we antic-
 ipate  that  there  will be an increase of approximately $6.9 million in
 the annual contributions of the State of New York for  the  fiscal  year
 ending  March  31,  2026.  While billing rates will immediately increase
 approximately 5% of salary, annual costs will vary  over  time  and  are
 expected to average 3.75% of salary in the long term.
   In addition to the annual contributions discussed above, there will be
 an immediate past service cost of approximately $96.2 million which will
 be  borne  by the State of New York as a one-time payment. This estimate
 assumes that payment will be made on March 1, 2026.
   These estimated costs are based on 1,200 affected members employed  by
 the  State  of  New  York,  with  annual  salary of approximately $123.8
 million as of March 31, 2024.
   Summary of relevant resources:
   Membership data as of March 31, 2024 was used in measuring the  impact
 of the proposed change, the same data used in the April 1, 2024 actuari-
 al  valuation.  Distributions  and  other statistics can be found in the
 2024 Report of the Actuary and the 2024 Annual  Comprehensive  Financial
 Report.  The actuarial assumptions and methods used are described in the
 2024  Annual Report to the Comptroller on Actuarial Assumptions, and the
 A. 6718--A                          6
 
 Codes, Rules and Regulations  of  the  State  of  New  York:  Audit  and
 Control.  The  Market Assets and GASB Disclosures are found in the March
 31, 2024 New York State and Local Retirement System Financial Statements
 and Supplementary Information.
   This  fiscal note does not constitute a legal opinion on the viability
 of the proposed change nor is it intended to serve as a  substitute  for
 the professional judgment of an attorney.
   This  estimate, dated March 26, 2025, and intended for use only during
 the 2025 Legislative Session, is Fiscal Note No. 2025-68. As Chief Actu-
 ary of the New York State and Local Retirement System, I, Aaron Schottin
 Young, hereby certify that this analysis complies with applicable  Actu-
 arial  Standards of Practice as well as the Code of Professional Conduct
 and Qualification Standards for Actuaries Issuing Statements of Actuari-
 al Opinion of the American Academy of Actuaries, of which I am a member.