Bill
A 7925
Proposes a special optional twenty-year retirement track for state correction officers, aiming to improve recruitment, retention, and benefits.
Bill A 7925 proposes a new, special optional retirement option for state correction officers. The bill’s title indicates it would create a “special optional twenty year retirement plan” for these employees. The provided materials do not include the bill text, so the exact design, eligibility, benefit calculations, funding, and administration are not specified here. The measure has been introduced and referred to the Governmental Employees Committee.
Note: The precise policy objectives, such as whether participation is mandatory or voluntary, eligibility criteria (e.g., service requirements, age, or rank), and how benefits are calculated, would be defined in the bill’s text.
Because the full text is not provided, the following elements are common in retirement plan bills and would be clarified in the enacted version:
- Eligibility: which employees can participate (likely state correction officers within a specific agency such as DOCCS).
- Enrollment and vesting: how officers opt in, timing, and when benefits vest.
- Benefit formula: how the twenty-year benefit is calculated (pension amount, multiplier, and any cost-of-living adjustments).
- Normal retirement age and eligibility thresholds.
- Funding and fiscal impact: costs to the state and any actuarial
Compiled from official sources — confirm details with the bill’s official record.
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