WeVote
Log In

Bill

Bill

S 4706

Relates to service retirement benefits for uniformed correction members of the New York city employees' retirement system

2025 Regular Session Introduced by Robert Jackson

Bill S 4706 enhances retirement benefits for New York City uniformed correction officers, ensuring they receive fair compensation for their service and unique challenges.

REPORTED AND COMMITTED TO FINANCE
0
WeVote Research Nonpartisan
Bill Summary · S 4706

Summary of Bill S 4706

Bill Overview

  • Bill Number: S 4706
  • Title: Relates to service retirement benefits for uniformed correction members of the New York City Employees' Retirement System
  • Status: Reported and Committed to Finance
  • Introduced On: February 11, 2025
  • Classification: Legislative Bill

Purpose and Intent

Bill S 4706 aims to enhance the service retirement benefits for uniformed correction members who are part of the New York City Employees' Retirement System. The bill seeks to address the unique challenges and risks faced by correction officers and ensure that they receive adequate retirement benefits reflective of their service.

Key Provisions

While the specific text of the bill is not provided, the following key provisions can be anticipated based on the bill's title and legislative intent:

  • Enhanced Retirement Benefits: The bill likely proposes adjustments to the calculation of retirement benefits for uniformed correction members, potentially allowing for earlier retirement options or increased benefit percentages based on years of service.
  • Eligibility Criteria: It may outline specific eligibility requirements for uniformed correction members to qualify for these enhanced benefits.
  • Funding Mechanisms: The bill could include provisions regarding how these enhanced benefits will be funded, ensuring sustainability within the New York City Employees' Retirement System.

Affected Parties

  • Uniformed Correction Members: The primary beneficiaries of this bill will be uniformed correction officers employed by the New York City Department of Correction.
  • New York City Employees' Retirement System: The bill will also impact the financial structure and obligations of the retirement system, necessitating adjustments to accommodate the proposed benefits.

Legislative Timeline

  • February 11, 2025: The bill was introduced and referred to the Committee on Civil Service and Pensions.
  • March 18, 2025: The bill was reported out of committee and committed to the Finance Committee for further consideration.

Related Legislation

  • S 5791: A related bill from the prior session that may address similar issues or provisions regarding retirement benefits.
  • A 5548: A companion bill in the Assembly that likely mirrors the intentions of S 4706, aiming to enhance retirement benefits for the same group of employees.

Conclusion

Bill S 4706 represents a significant step towards improving retirement benefits for uniformed correction members in New York City. By addressing the specific needs of these employees, the bill aims to provide a more secure and equitable retirement framework. As the bill progresses through the legislative process, further details will emerge regarding its provisions and potential impacts on the retirement system.

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

Sign in to ask a question.