Bill
S 1181
Overview: S 1181, Establishes a temporary task force on the variable supplements fund program, COMMITTED TO RULES, Introduced: March 27, 2025Purpose and Intent: The bill aims to es
Overview: S 1181, Establishes a temporary task force on the variable supplements fund program, COMMITTED TO RULES, Introduced: March 27, 2025
Purpose and Intent: The bill aims to establish a temporary task force to study and make recommendations on the variable supplements fund (VSF) program. The VSF program provides supplemental retirement benefits to certain New York City police officers, firefighters, and corrections officers.
Key Provisions:
- Creates a temporary task force to examine the VSF program, including its structure, funding, and administration
- Requires the task force to analyze the program's impact on participants and the city's budget
- Directs the task force to make recommendations on potential changes or reforms to the VSF program
Affected Parties and Impacts: The bill would primarily affect current and retired New York City police officers, firefighters, and corrections officers who participate in the VSF program. The task force's recommendations could lead to changes that impact the benefits and financial security of these public safety workers.
Procedural and Timeline Considerations: The bill has been committed to the Rules Committee, indicating it is still in the early stages of the legislative process. If passed, the task force would be required to submit its findings and recommendations within one year of the bill's enactment.
Compiled from official sources — confirm details with the bill’s official record.
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