New York 2025-2026 Regular Session

New York Assembly Bill A08441

Introduced
5/16/25  

Caption

Removes post-retirement earnings restrictions for New York city department of correction uniformed personnel with respect to a retiree subsequent to such member's earliest eligibility date for service retirement.

Impact

If passed, this bill would significantly impact the financial landscape for uniformed personnel who have retired under the New York City Employees' Retirement System. Currently, these retirees' disability benefits are suspended if their personal service income exceeds a set limit, which was $35,200 for 2023. By eliminating this limitation, retirees could potentially increase their earnings from private sector jobs while still receiving their full pension. This change may encourage more retirees to return to the workforce, addressing potential staffing shortages in various sectors.

Summary

Bill A08441 seeks to amend the Retirement and Social Security Law regarding the eligibility of uniformed personnel of the New York City Department of Correction for ordinary disability benefits. Specifically, this legislation proposes the removal of post-retirement earnings restrictions for these individuals. It allows retired correction personnel who receive disability benefits but have reached their eligibility for service retirement to earn unrestricted income from private employment without suffering a reduction in their pension benefits.

Contention

Discussion surrounding A08441 may center around balancing the interests of state financial obligations with the welfare of retired correction officers. Proponents of the bill may argue that allowing unrestricted earnings fosters greater economic independence and quality of life for these retirees. However, there may be concerns regarding the long-term fiscal implications for the New York City Employees' Retirement System and its ability to fund benefits without imposing heavier costs on taxpayers or existing employees. Opponents may worry this could also set a precedent affecting the retirement systems for other public service employees.

Companion Bills

NY S07661

Same As Removes post-retirement earnings restrictions for New York city department of correction uniformed personnel with respect to a retiree subsequent to such member's earliest eligibility date for service retirement.

Previously Filed As

NY S07115

Removes post-retirement earnings restrictions for New York city department of correction uniformed personnel with respect to a retiree subsequent to his or her earliest eligibility date for service retirement.

NY A07416

Removes post-retirement earnings restrictions for New York city department of correction uniformed personnel with respect to a retiree subsequent to his or her earliest eligibility date for service retirement.

NY S05492

Relates to service retirement benefits for certain members of the New York city employees' retirement system; provides that for New York city uniformed correction/sanitation revised plan members of the New York city employees' retirement system, the service retirement benefit shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

NY A05678

Relates to service retirement benefits for certain members of the New York city employees' retirement system; provides that for New York city uniformed correction/sanitation revised plan members of the New York city employees' retirement system, the service retirement benefit shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

NY S05791

Provides that for New York city uniformed correction revised plan members of the New York city employees' retirement system, the service retirement benefit shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

NY A05929

Provides that for New York city uniformed correction revised plan members of the New York city employees' retirement system, the service retirement benefit shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

NY S06877

Permits a member of the New York city teachers' retirement system, the New York city employees' retirement system, or the New York city board of education retirement system who is eligible to join any other retirement system maintained by the city due to a separate, concurrent eligible employment with a participating employer to become a member of the subsequent city funded retirement system provided such benefits in the first system of membership are suspended during their active membership in the subsequent retirement system.

NY A07311

Permits a member of the New York city teachers' retirement system, the New York city employees' retirement system, or the New York city board of education retirement system who is eligible to join any other retirement system maintained by the city due to a separate, concurrent eligible employment with a participating employer to become a member of the subsequent city funded retirement system provided such benefits in the first system of membership are suspended during their active membership in the subsequent retirement system.

NY S08818

Provides that the normal service retirement benefit for police/fire members who are members of the New York city fire department pension fund shall be paid to such members of the New York city fire department pension fund without regard to age upon retirement after twenty years of service.

NY A10018

Provides that the normal service retirement benefit for police/fire members who are members of the New York city fire department pension fund shall be paid to such members of the New York city fire department pension fund without regard to age upon retirement after twenty years of service.

Similar Bills

No similar bills found.