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A 3968

Restores 20 year service retirement for New York city police officers

2025 Regular Session Introduced by George Alvarez and 29 co-sponsors

A 3968 - Restores 20 Year Service Retirement for New York City Police Officers OverviewBill Number: A 3968 Title: Restores 20 Year Service Retirement for New York City Police Offi

REFERRED TO GOVERNMENTAL EMPLOYEES
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Bill Summary · A 3968

A 3968 - Restores 20 Year Service Retirement for New York City Police Officers

Overview

Bill Number: A 3968
Title: Restores 20 Year Service Retirement for New York City Police Officers
Status: REFERRED TO GOVERNMENTAL EMPLOYEES
Introduced: January 30, 2025

Purpose and Intent

The purpose of this bill is to restore the 20-year service retirement option for New York City police officers. This retirement plan was previously available but was eliminated in recent years, requiring officers to serve for 25 years before becoming eligible for retirement benefits. The bill's sponsors argue that restoring the 20-year option will help the city attract and retain high-quality police personnel by offering a more competitive retirement package.

Key Provisions

  • Amends the New York City Administrative Code to reinstate the 20-year service retirement option for police officers
  • Allows police officers to retire with a pension after 20 years of service, rather than the current 25-year requirement
  • Maintains the existing pension calculation formula based on final average salary and years of service
  • Applies the 20-year retirement option retroactively to all current police officers, not just new hires

Affected Parties and Impacts

  • Current and future New York City police officers, who would be able to retire 5 years earlier with the same pension benefits
  • The New York City Police Department, which may see improved recruitment and retention of officers due to the more attractive retirement plan
  • New York City taxpayers, who would need to fund the increased pension obligations from the earlier retirement eligibility

Procedural and Timeline Considerations

The bill has been referred to the New York State Assembly's Committee on Governmental Employees for consideration. If approved by the committee, it would then proceed to a full vote in the Assembly. Given the bill's potential fiscal impact, it may also need to be reviewed by the Assembly's Ways and Means Committee before reaching the floor. If passed by the Assembly, the bill would then move to the State Senate for further consideration. The timeline for the bill's progression is uncertain, but it is likely to face scrutiny due to the potential budgetary implications for the city.

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

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