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Bill

S 6289

Relates to primary social security retirement benefits for members of the New York city fire department pension fund

2025 Regular Session Introduced by Andrew Gounardes and 2 co-sponsors

Bill S 6289 enhances retirement benefits for New York City firefighters, ensuring better financial security by adjusting social security calculations for FDNY Pension Fund members.

REPORTED AND COMMITTED TO FINANCE
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WeVote Research Nonpartisan
Bill Summary · S 6289

Summary of Bill S 6289

Bill Overview

  • Bill Number: S 6289
  • Title: Relates to primary social security retirement benefits for members of the New York City Fire Department Pension Fund
  • Status: Reported and Committed to Finance
  • Introduced: March 10, 2025
  • Classification: Bill

Purpose and Intent

Bill S 6289 aims to address the retirement benefits for members of the New York City Fire Department (FDNY) Pension Fund by modifying the calculation and provision of primary social security retirement benefits. The intent is to ensure that firefighters receive adequate retirement support that reflects their service and sacrifices.

Key Provisions

  • Adjustment of Benefits: The bill proposes adjustments to the primary social security retirement benefits specifically for members of the FDNY Pension Fund. This may include enhancements to the benefit calculation formula or eligibility criteria.
  • Impact on Retirement Calculations: The bill seeks to ensure that the retirement benefits are more favorable for firefighters, potentially leading to increased monthly benefits upon retirement.
  • Implementation Timeline: While specific implementation dates are not detailed in the current version, the bill is progressing through legislative channels, indicating a potential timeline for enactment.

Affected Parties

  • Members of the FDNY Pension Fund: The primary beneficiaries of this bill are active and retired firefighters who are part of the New York City Fire Department Pension Fund. The changes could significantly impact their financial security in retirement.
  • City of New York: As the employer, the city may face budgetary implications due to the potential increase in pension liabilities resulting from enhanced benefits.

Legislative Process

  • Introduced on March 10, 2025: The bill was first referred to the Committee on Civil Service and Pensions.
  • Reported and Committed to Finance on April 8, 2025: Following its introduction, the bill has moved to the Finance Committee for further consideration, indicating ongoing legislative support and discussion.

Related Bills

  • S 8149: A prior-session bill that may address similar issues.
  • S 6082: Another prior-session bill with potential relevance.
  • S 5467: A related prior-session bill.
  • A 6940: A companion bill in the Assembly that aligns with the objectives of S 6289.

Conclusion

Bill S 6289 represents a significant legislative effort to enhance the retirement benefits for members of the New York City Fire Department Pension Fund. As it progresses through the legislative process, it has the potential to improve the financial well-being of firefighters upon retirement, reflecting the city's commitment to its public safety personnel. Further developments will be monitored as the bill moves through the Finance Committee.

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

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