Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Impact
The implementation of this bill would notably change the retirement landscape for EMTs in New York City. Under this program, eligible EMT members, upon completing the requisite service period, would receive retirement benefits equal to 50% of their final average salary for the first 22.5 years of credited service. Furthermore, for each additional year beyond that period, members would earn an increment of 2% up to a maximum of 5 years. This structured approach to retirement aims to offer financial security to those who have dedicated a substantial portion of their careers to emergency services.
Summary
Bill S07916 proposes the establishment of a 22.5-Year Retirement Program specifically for Emergency Medical Technicians (EMT) working within the New York City Employees' Retirement System (NYCERS). The program aims to provide EMTs with the opportunity to retire after 22.5 years of service, thereby acknowledging the demanding nature of their work. This bill is especially significant as it caters to the specific needs of EMTs, aligning their retirement options with those of other public service professions that require intense commitment and often hazardous conditions.
Contention
Potential points of contention surrounding Bill S07916 include concerns regarding its fiscal implications for the city and whether such programs should be extended to other job titles within the public sector. Critics may argue that the bill could contribute to increased pension liabilities and affect budget allocations, while proponents maintain that the benefits are justified given the nature of the risks encountered in EMT roles. The proposed retirement program could also lead to discussions about fairness in retirement benefits across different public service sectors.
Same As
Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Establishes twenty-five year retirement programs for members of the New York city employees' retirement system employed as fire protection inspectors and associate fire protection inspectors.
Establishes twenty-five year retirement programs for members of the New York city employees' retirement system employed as fire protection inspectors and associate fire protection inspectors.
Authorizes the transfer of memberships for certain members of the New York state and local police and fire retirement system who previously held a membership with the New York state and local employees' retirement system back to such retirement system.
Authorizes the transfer of memberships for certain members of the New York state and local police and fire retirement system who previously held a membership with the New York state and local employees' retirement system back to such retirement system.
Relates to the retirement of certain members employed as an emergency medical technician, critical care technician, advanced emergency medical technician, paramedic or supervisor of such titles in a participating Suffolk county fire district.
Relates to the retirement of certain members employed as an emergency medical technician, critical care technician, advanced emergency medical technician, paramedic or supervisor of such titles in a participating Suffolk county fire district.
Provides for eligibility of certain participants in the New York City employees retirement system to opt into the twenty-five year retirement program for EMT members.
Provides for eligibility of certain participants in the New York City employees retirement system to opt into the twenty-five year retirement program for EMT members.
Relates to the establishment of a twenty-two and one-half year retirement program for members of the New York city employees' retirement system employed as emergency medical technicians and advanced emergency medical technicians and to the establishment of such program for such members who are subject to articles 11 and 15 of the retirement and social security law.
Establishes a twenty-five year retirement program for members of the NYC employees' retirement system employed as water supply police; provides for employer pick-up of certain additional member contributions required to be made by certain participants in the 25-year retirement programs.
Establishes a twenty-five year retirement program for members of the NYC employees' retirement system employed as water supply police; provides for employer pick-up of certain additional member contributions required to be made by certain participants in the 25-year retirement programs.
Establishes a twenty-two year retirement program for deputy sheriff members who are employed by the city of New York as a deputy city sheriff level one, deputy city sheriff level two, supervising deputy sheriff or administrative sheriff.
Establishes a twenty-two year retirement program for deputy sheriff members who are employed by the city of New York as a deputy city sheriff level one, deputy city sheriff level two, supervising deputy sheriff or administrative sheriff.