S. 7143 2
MEMBER SHALL BE ELIGIBLE TO RETIRE UNTIL SUCH MEMBER HAS A MINIMUM OF
TEN YEARS OF QUALIFYING CREDITABLE SERVICE.
C. A MEMBER RETIRING UNDER THE PROVISIONS OF THIS SECTION SHALL
RECEIVE A RETIREMENT ALLOWANCE CONSISTING OF A PENSION EQUAL TO ONE-FIF-
TIETH OF SUCH MEMBER'S FINAL AVERAGE SALARY FOR EACH YEAR OF QUALIFYING
CREDITABLE SERVICE. THIS RETIREMENT ALLOWANCE SHALL NOT EXCEED SEVENTY-
FIVE PERCENT OF SUCH MEMBER'S FINAL AVERAGE SALARY.
D. NOTHING HEREIN SHALL BE CONSTRUED TO PREVENT A MEMBER, WHO DOES NOT
RETIRE PURSUANT TO THE PROVISIONS OF THIS SECTION, FROM UTILIZING
SERVICE WHICH IS CREDITABLE SERVICE PURSUANT TO THE PROVISIONS OF THIS
SECTION FOR THE SERVICE CREDIT PURSUANT TO ANY OTHER PLAN OF THIS ARTI-
CLE TO WHICH SUCH MEMBER IS SUBJECT.
E. ALL MEMBERS MAY ELECT TO TRANSFER THEIR YEARS OF SERVICE CREDITS
FROM ANY OTHER PLAN OF THIS ARTICLE TO WHICH SUCH MEMBER IS SUBJECT TO
THE PLAN DESCRIBED IN THIS SECTION AND BE ELIGIBLE TO RECEIVE FULL
SERVICE CREDIT.
F. THE INCREASED COSTS OF THE BENEFITS PROVIDED FOR IN THIS SECTION
SHALL BE PAID FROM ADDITIONAL CONTRIBUTIONS MADE BY THE EMPLOYER.
G. FOR ALL MEMBERS APPOINTED AFTER THE EFFECTIVE DATE OF THIS SECTION,
MANDATORY RETIREMENT SHALL BE ENFORCED AT AGE SIXTY-TWO WITH NO PENAL-
TIES OF ANY KIND.
H. THE PROVISIONS OF THIS SECTION SHALL BE CONTROLLING NOTWITHSTANDING
ANY OTHER PROVISION IN THIS ARTICLE TO THE CONTRARY.
§ 2. Subdivision a of section 445 of the retirement and social securi-
ty law, as amended by chapter 714 of the laws of 2023, is amended to
read as follows:
a. No member of a retirement system who is subject to the provisions
of this article shall retire without regard to age, exclusive of retire-
ment for disability, unless [he or she] SUCH MEMBER is a police officer,
an investigator member of the New York city employees' retirement
system, firefighter, correction officer, a qualifying member as defined
in section eighty-nine-t, as added by chapter six hundred fifty-seven of
the laws of nineteen hundred ninety-eight, of this chapter, sanitation
worker, a special officer (including persons employed by the city of New
York in the title urban park ranger or associate urban park ranger),
school safety agent, campus peace officer or a taxi and limousine
commission inspector member of the New York city employees' retirement
system or the New York city board of education retirement system, a
dispatcher member of the New York city employees' retirement system, a
police communications member of the New York city employees' retirement
system, an EMT member of the New York city employees' retirement system,
a deputy sheriff member of the New York city employees' retirement
system, a correction officer of the Westchester county correction
department as defined in section eighty-nine-e of this chapter or
employed in Suffolk county as a peace officer, as defined in section
eighty-nine-s, as added by chapter five hundred eighty-eight of the laws
of nineteen hundred ninety-seven, of this chapter, employed in Suffolk
county as a correction officer, as defined in section eighty-nine-f of
this chapter, or employed in Nassau county as a correction officer,
uniformed correction division personnel, sheriff, undersheriff or deputy
sheriff, as defined in section eighty-nine-g of this chapter, or
employed in Nassau county as an ambulance medical technician, an ambu-
lance medical technician/supervisor or a member who performs ambulance
medical technician related services, or a police medic, police medic
supervisor or a member who performs police medic related services, as
defined in section eighty-nine-s, as amended by chapter five hundred
S. 7143 3
seventy-eight of the laws of nineteen hundred ninety-eight, of this
chapter, or employed in Nassau county as a peace officer, as defined in
section eighty-nine-s, as added by chapter five hundred ninety-five of
the laws of nineteen hundred ninety-seven, of this chapter, or employed
in Albany county as a sheriff, undersheriff, deputy sheriff, correction
officer or identification officer, as defined in section eighty-nine-h
of this chapter or is employed in St. Lawrence county as a sheriff,
undersheriff, deputy sheriff or correction officer, as defined in
section eighty-nine-i of this chapter or is employed in Orleans county
as a sheriff, undersheriff, deputy sheriff or correction officer, as
defined in section eighty-nine-l of this chapter or is employed in
Jefferson county as a sheriff, undersheriff, deputy sheriff or
correction officer, as defined in section eighty-nine-j of this chapter
or is employed in Onondaga county as a deputy sheriff-jail division
competitively appointed or as a correction officer, as defined in
section eighty-nine-k of this chapter or is employed in a county which
makes an election under subdivision j of section eighty-nine-p of this
chapter as a sheriff, undersheriff, deputy sheriff or correction officer
as defined in such section eighty-nine-p or is employed in Broome County
as a sheriff, undersheriff, deputy sheriff or correction officer, as
defined in section eighty-nine-m of this chapter or is a Monroe county
deputy sheriff-court security, or deputy sheriff-jailor as defined in
section eighty-nine-n, as added by chapter five hundred ninety-seven of
the laws of nineteen hundred ninety-one, of this chapter or is employed
in Greene county as a sheriff, undersheriff, deputy sheriff or
correction officer, as defined in section eighty-nine-o of this chapter
or is a traffic officer with the town of Elmira as defined in section
eighty-nine-q of this chapter or is employed by Suffolk county as a park
police officer, as defined in section eighty-nine-r of this chapter or
is a peace officer employed by a county probation department as defined
in section eighty-nine-t, as added by chapter six hundred three of the
laws of nineteen hundred ninety-eight, of this chapter or is employed in
Rockland county as a deputy sheriff-civil as defined in section eighty-
nine-v of this chapter as added by chapter four hundred forty-one of the
laws of two thousand one, or is employed in Rockland county as a superi-
or correction officer as defined in section eighty-nine-v of this chap-
ter as added by chapter five hundred fifty-six of the laws of two thou-
sand one or is a paramedic employed by the police department in the town
of Tonawanda and retires under the provisions of section eighty-nine-v
of this chapter, as added by chapter four hundred seventy-two of the
laws of two thousand one, or is a county fire marshal, supervising fire
marshal, fire marshal, assistant fire marshal, assistant chief fire
marshal, chief fire marshal, division supervising fire marshal or fire
marshal trainee employed by the county of Nassau as defined in section
eighty-nine-w of this chapter or is employed in Monroe county as a depu-
ty sheriff-civil as defined in section eighty-nine-x of this chapter,
employed as an emergency medical technician, critical care technician,
advanced emergency medical technician, paramedic or supervisor of such
titles in a participating Suffolk county fire district as defined in
section eighty-nine-ss of this chapter, OR IS A QUALIFYING MEMBER AS
DEFINED IN SECTION EIGHTY-NINE-Y OF THIS CHAPTER and is in a plan which
permits immediate retirement upon completion of a specified period of
service without regard to age. Except as provided in subdivision c of
section four hundred forty-five-a of this article, subdivision c of
section four hundred forty-five-b of this article, subdivision c of
section four hundred forty-five-c of this article, subdivision c of
S. 7143 4
section four hundred forty-five-d of this article, subdivision c of
section four hundred forty-five-e of this article, subdivision c of
section four hundred forty-five-f of this article and subdivision c of
section four hundred forty-five-h of this article, a member in such a
plan and such an occupation, other than a police officer or investigator
member of the New York city employees' retirement system or a firefight-
er, shall not be permitted to retire prior to the completion of twenty-
five years of credited service; provided, however, if such a member in
such an occupation is in a plan which permits retirement upon completion
of twenty years of service regardless of age, [he or she] SUCH MEMBER
may retire upon completion of twenty years of credited service and prior
to the completion of twenty-five years of service, but in such event the
benefit provided from funds other than those based on such a member's
own contributions shall not exceed two per centum of final average sala-
ry per each year of credited service.
§ 3. Section 603 of the retirement and social security law is amended
by adding a new subdivision w to read as follows:
W. THE SERVICE RETIREMENT BENEFIT SPECIFIED IN SECTION SIX HUNDRED
FOUR OF THIS ARTICLE SHALL BE PAYABLE TO MEMBERS WITH TWENTY-FIVE YEARS
OF CREDITABLE SERVICE, WITHOUT REGARD TO AGE, WHO IS A QUALIFYING MEMBER
AS DEFINED IN SECTION EIGHTY-NINE-Y OF THIS CHAPTER IF: (I) SUCH MEMBERS
HAVE MET THE MINIMUM SERVICE REQUIREMENTS UPON RETIREMENT; AND (II) IN
THE CASE OF A MEMBER SUBJECT TO THE PROVISIONS OF ARTICLE FOURTEEN OF
THIS CHAPTER, SUCH MEMBER FILES AN ELECTION THEREFOR WHICH PROVIDES THAT
SUCH MEMBER WILL BE SUBJECT TO THE PROVISIONS OF THIS ARTICLE AND TO
NONE OF THE PROVISIONS OF SUCH ARTICLE FOURTEEN. SUCH ELECTION, WHICH
SHALL BE IRREVOCABLE, SHALL BE IN WRITING, DULY EXECUTED AND SHALL BE
FILED WITH THE COMPTROLLER WITHIN ONE YEAR OF THE EFFECTIVE DATE OF THIS
SUBDIVISION OR WITHIN ONE YEAR AFTER ENTERING THE EMPLOYMENT WITH ERIE
COUNTY MEDICAL CENTER UPON WHICH ELIGIBILITY IS BASED, WHICHEVER COMES
LATER. FOR THE PURPOSES OF THIS SUBDIVISION, THE TERM "CREDITABLE
SERVICE" SHALL HAVE THE MEANING AS SO DEFINED IN BOTH SECTIONS EIGHTY-
NINE-Y AND SIX HUNDRED ONE OF THIS CHAPTER.
§ 4. Section 604 of the retirement and social security law is amended
by adding a new subdivision w to read as follows:
W. THE EARLY SERVICE RETIREMENT BENEFIT FOR A QUALIFYING MEMBER AS
DEFINED IN SECTION EIGHTY-NINE-Y OF THIS CHAPTER SHALL BE A PENSION
EQUAL TO ONE-FIFTIETH OF FINAL AVERAGE SALARY TIMES YEARS OF CREDITED
SERVICE AT THE COMPLETION OF TWENTY-FIVE YEARS OF SERVICE AS SUCH
MEMBER, BUT NOT EXCEEDING THREE-FOURTHS OF SUCH MEMBER'S FINAL AVERAGE
SALARY.
§ 5. All costs associated with implementing the provisions of this act
shall be borne by Erie County Medical Center.
§ 6. This act shall take effect immediately.
FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
This bill would permit members of the New York State and Local Employ-
ees' Retirement System employed under the police department of the Erie
County Medical Center to retire upon completion of twenty-five years of
creditable service with a benefit of one-half of final average salary
(FAS) and an additional benefit of one-fiftieth of FAS for each year of
creditable service in excess of twenty-five years, not to exceed seven-
ty-five percent (75%) of FAS. Additionally, members covered under Arti-
cle 14 would be permitted one year to make an irrevocable election to
switch to the twenty-five-year plan benefit.
If this bill is enacted during the 2025 Legislative Session, we antic-
ipate that there will be an increase of approximately $250,000 in the
S. 7143 5
annual contributions of Erie County Medical Center for the fiscal year
ending March 31, 2026. In future years this cost will vary as the bill-
ing rates and salary of the affected members change. In future years
this cost will vary but is expected to average 6.0% of salary annually.
In addition to the annual contributions discussed above, there will be
an immediate past service cost of approximately $1.32 million which will
be borne by Erie County Medical Center as a one-time payment. This esti-
mate assumes that payment will be made on February 1, 2026.
These estimated costs are based on 42 affected members employed by
Erie County Medical Center, with annual salary of approximately $3.3
million as of March 31, 2024. The affected members were identified using
job title codes provided by the office of Senator Sean Ryan.
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
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 7, 2025, and intended for use only during
the 2025 Legislative Session, is Fiscal Note No. 2025-33. 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.