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Bill

A 8267

Relates to extending the benefits of the variable supplements fund for transit police members of the New York city employees' retirement system

2025 Regular Session Introduced by Stacey Pheffer Amato

Bill A 8267 extends retirement benefits for New York City transit police, enhancing their financial security through the variable supplements fund.

REFERRED TO GOVERNMENTAL EMPLOYEES
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Bill Summary · A 8267

Summary of Bill A 8267

Overview

Bill Number: A 8267
Title: Relates to extending the benefits of the variable supplements fund for transit police members of the New York City Employees' Retirement System
Status: Referred to Governmental Employees
Introduced: May 06, 2025
Classification: Bill

Purpose and Intent

Bill A 8267 aims to extend the benefits provided by the variable supplements fund specifically for transit police members of the New York City Employees' Retirement System (NYCERS). The intent of the bill is to enhance the financial security and retirement benefits for transit police officers, acknowledging their service and the unique challenges they face in their roles.

Key Provisions

  • Extension of Benefits: The bill proposes to extend the current benefits available under the variable supplements fund, which provides additional financial support to eligible transit police members upon retirement.
  • Eligibility Criteria: While the specific eligibility criteria are not detailed in the provided information, it is expected that the bill will outline the qualifications necessary for transit police members to access these extended benefits.
  • Funding Mechanism: The bill may also address how these extended benefits will be funded, although specific financial details are not included in the current summary.

Impact

  • Transit Police Members: The primary beneficiaries of this bill will be transit police officers who are part of the NYCERS. By extending the variable supplements fund benefits, the bill aims to improve their retirement security.
  • New York City Employees' Retirement System: The bill will have implications for the NYCERS, potentially affecting its financial planning and resource allocation to accommodate the extended benefits.

Legislative Process

  • Current Status: As of May 06, 2025, the bill has been referred to the Governmental Employees committee for further consideration.
  • Related Legislation: This bill is related to several prior-session bills (A 10324, A 6697, A 7824) and has a companion bill in the Senate (S 7528), indicating ongoing legislative interest in this area.

Conclusion

Bill A 8267 represents a legislative effort to bolster the retirement benefits of transit police members in New York City. By extending the variable supplements fund, the bill seeks to provide enhanced financial support to those who serve in this critical role. The bill is currently under review by the Governmental Employees committee, and its progress will be closely monitored by stakeholders in the transit police community and the NYCERS.

Compiled from official sources — confirm details with the bill’s official record.

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