New York Senate Bill S09663 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 9663  IN SENATE May 16, 2024 ___________ Introduced by Sen. JACKSON -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT to amend the administrative code of the city of New York, in relation to promotions of police detectives, sergeants, and lieuten- ants for retirement purposes The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 14-114 of the administrative code of the city of 2 New York is amended by adding a new subdivision d to read as follows: 3 d. (1) Notwithstanding any provision of law to the contrary, when a 4 detective, sergeant, or lieutenant shall have accrued twenty-five years 5 of service credit with the New York city police pension fund, they shall 6 have their annual salary, imputed for final average salary purposes with 7 the New York city police pension fund, increased at the rate of five per 8 centum for such final average salary period; 9 (2) Notwithstanding any provision of law to the contrary, when a 10 detective, sergeant, or lieutenant shall have accrued thirty years of 11 service credit with the New York city police pension fund, they shall 12 have their annual salary, imputed for final average salary purposes with 13 the New York city police pension fund, increased at the rate of ten per 14 centum for such final average salary period; or 15 (3) Notwithstanding any provision of law to the contrary, when a 16 detective, sergeant, or lieutenant shall have accrued thirty-five years 17 of service credit with the New York city police pension fund, they shall 18 have their annual salary, imputed for final average salary purposes with 19 the New York city police pension fund, increased at the rate of fifteen 20 per centum for such final average salary period. 21 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15619-01-4