S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7363
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              April 11, 2025
                                ___________
 
 Introduced by Sens. BYNOE, COMRIE -- read twice and ordered printed, and
   when  printed  to  be  committed to the Committee on Civil Service and
   Pensions
 
 AN ACT to amend the retirement and social security law, in  relation  to
   authorizing certain persons in an optional twenty year retirement plan
   to  receive  credit  for previous service as a state university police
   officer, a regional state park police officer or a detective  investi-
   gator for the office of the attorney general
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 384-e of the retirement and social security law  is
 amended by adding three new subdivisions d, e and f to read as follows:
   D.  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW TO THE CONTRARY, UPON
 COMPLETION OF TWENTY YEARS OF SERVICE, AND UPON  RETIREMENT,  EACH  SUCH
 MEMBER  WHO  WAS PREVIOUSLY CREDITED WITH SERVICE CREDIT IN THE NEW YORK
 STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM OR THE NEW YORK  STATE  AND
 LOCAL  POLICE  AND FIRE RETIREMENT SYSTEM AS AN OFFICER APPOINTED BY THE
 STATE UNIVERSITY PURSUANT TO PARAGRAPH L OF SUBDIVISION TWO  OF  SECTION
 THREE  HUNDRED  FIFTY-FIVE OF THE EDUCATION LAW AND WHO HAS SUCCESSFULLY
 COMPLETED A COURSE OF LAW  ENFORCEMENT  TRAINING  AS  PROVIDED  IN  SUCH
 SECTION  OF THE EDUCATION LAW MAY RECEIVE FOR EACH SUCH YEAR OF PREVIOUS
 SERVICE, UP TO A TOTAL  OF  NO  GREATER  THAN  FIVE  YEARS  OF  PREVIOUS
 SERVICE, ADDITIONAL PENSION EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL
 AVERAGE SALARY.
   TO  OBTAIN SUCH CREDIT A MEMBER SHALL  PAY SUCH RETIREMENT SYSTEM, FOR
 DEPOSIT IN THE FUND USED TO ACCUMULATE  EMPLOYER  CONTRIBUTIONS,  A  SUM
 EQUAL  TO  THE  PRODUCT  OF THE NUMBER OF YEARS OF SERVICE BEING CLAIMED
 AND THREE PERCENT OF SUCH MEMBER'S COMPENSATION EARNED DURING THE TWELVE
 MONTHS OF CREDITED  SERVICE  IMMEDIATELY  PRECEDING  THE DATE  THAT  THE
 MEMBER MADE APPLICATION FOR CREDIT PURSUANT TO THIS SECTION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09707-02-5
 S. 7363                             2
              

 
   E.  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW TO THE CONTRARY, UPON
 COMPLETION OF TWENTY YEARS OF SERVICE, AND UPON  RETIREMENT,  EACH  SUCH
 MEMBER  WHO  WAS PREVIOUSLY CREDITED WITH SERVICE CREDIT IN THE NEW YORK
 STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM OR THE NEW YORK  STATE  AND
 LOCAL  POLICE  AND FIRE RETIREMENT SYSTEM AS AN OFFICER OR MEMBER OF THE
 REGIONAL STATE PARK POLICE DEPARTMENT MAY RECEIVE FOR EACH SUCH YEAR  OF
 PREVIOUS  SERVICE, UP TO A TOTAL OF NO GREATER THAN FIVE YEARS OF PREVI-
 OUS SERVICE, ADDITIONAL PENSION EQUAL TO ONE-SIXTIETH OF  SUCH  MEMBER'S
 FINAL AVERAGE SALARY.
   TO  OBTAIN SUCH CREDIT A MEMBER SHALL  PAY SUCH RETIREMENT SYSTEM, FOR
 DEPOSIT IN THE FUND USED TO ACCUMULATE  EMPLOYER  CONTRIBUTIONS,  A  SUM
 EQUAL  TO  THE  PRODUCT  OF THE NUMBER OF YEARS OF SERVICE BEING CLAIMED
 AND THREE PERCENT OF SUCH MEMBER'S COMPENSATION EARNED DURING THE TWELVE
 MONTHS OF CREDITED  SERVICE  IMMEDIATELY  PRECEDING  THE DATE  THAT  THE
 MEMBER MADE APPLICATION FOR CREDIT PURSUANT TO THIS SECTION.
   F.  NOTWITHSTANDING  ANY  OTHER PROVISION OF LAW TO THE CONTRARY, UPON
 COMPLETION OF TWENTY YEARS OF SERVICE, AND UPON  RETIREMENT,  EACH  SUCH
 MEMBER  WHO  WAS PREVIOUSLY CREDITED WITH SERVICE CREDIT IN THE NEW YORK
 STATE  AND  LOCAL  EMPLOYEES'  RETIREMENT SYSTEM AS AN INVESTIGATOR IN A
 DETECTIVE INVESTIGATOR ROLE EMPLOYED  IN  THE  OFFICE  OF  THE  ATTORNEY
 GENERAL  MAY  RECEIVE  FOR  EACH  SUCH YEAR OF PREVIOUS SERVICE, UP TO A
 TOTAL OF NO GREATER THAN FIVE  YEARS  OF  PREVIOUS  SERVICE,  ADDITIONAL
 PENSION EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVERAGE SALARY.
   TO  OBTAIN SUCH CREDIT A MEMBER SHALL  PAY SUCH RETIREMENT SYSTEM, FOR
 DEPOSIT IN THE FUND USED TO ACCUMULATE  EMPLOYER  CONTRIBUTIONS,  A  SUM
 EQUAL  TO  THE  PRODUCT  OF THE NUMBER OF YEARS OF SERVICE BEING CLAIMED
 AND THREE PERCENT OF SUCH MEMBER'S COMPENSATION EARNED DURING THE TWELVE
 MONTHS OF CREDITED  SERVICE  IMMEDIATELY  PRECEDING  THE DATE  THAT  THE
 MEMBER MADE APPLICATION FOR CREDIT PURSUANT TO THIS SECTION.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would allow up to five years of service rendered as a police
 officer  with  (a)  the State University of New York, (b) Regional State
 Park Police Department, or (c) as an investigator in the Office  of  the
 Attorney General to be credited toward additional sixtieths under §384-e
 of the Retirement and Social Security Law. The member must have 20 years
 of service credit and must pay 3% contributions for each year of service
 claimed.
   If this bill is enacted during the 2025 Legislative Session, we antic-
 ipate  that  there  will  be  a  past  service  cost averaging 22% of an
 affected member's compensation for each year of additional service cred-
 it granted. All costs would be shared by the State of New York  and  the
 local participating employers in the New York State and Local Police and
 Fire Retirement System and spread over future billing cycles.
   The number of current and future members who could be affected by this
 legislation cannot be readily determined.
   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
 S. 7363                             3
 
 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 April 9, 2025, and intended for use only during
 the 2025 Legislative Session, is Fiscal  Note  No.  2025-149.  As  Chief
 Actuary  of  the  New  York  State and Local Retirement System, I, Aaron
 Schottin Young, hereby certify that this analysis complies with applica-
 ble Actuarial Standards of Practice as well as the Code of  Professional
 Conduct  and Qualification Standards for Actuaries Issuing Statements of
 Actuarial Opinion of the American Academy of Actuaries, of which I am  a
 member.