Increases the amount of years of military service credit a member may purchase from three years to four years; provides that the provisions of such act shall not be subject to the requirement that the state shall make an equal payment to the retirement system.
Relates to compensation paid to persons employed in positions requiring foreign language skills; establishes career ladders for persons holding such positions; establishes supervisory positions for persons required to have foreign language skills.
Allows a beneficiary of a member whose death occurs on or after July 1, 2023 and who would have been entitled to a service credit at the time of such member's death to elect to receive a lump sum payment equal to the pension reserve that would have been established had the member retired on the date of such member's death.
Permits a retired member to change his or her option election or designate a new beneficiary where the beneficiary has been convicted of a family offense.
Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system; restores 55/30 for all members; reduces the retirement age from 63 to 62.
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.
Relates to the secure choice savings program and participating individuals; authorizes freelancers and the self-employed the option of enrolling in such program.
Relates to certain medical record requirements for participants in the World Trade Center rescue, recovery, or cleanup operations; extends the registration period for participation in the World Trade Center rescue, recovery and clean-up operations to September 11, 2027.
Authorizes a public employee's contractual rights be extended for up to six months beyond the expiration date of such employee's agreement for the sole purpose of negotiating a new agreement.