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S5754 • 2025

Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county

Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Monica Martinez
Last action
2026-06-04
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county

Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county Authorizes an optional twenty-five year retirement plan for fire marshals I and supervisors of such title in Suffolk county.

What This Bill Does

  • Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county Authorizes an optional twenty-five year retirement plan for fire marshals I and supervisors of such title in Suffolk county.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-04 Senate

    COMMITTEE DISCHARGED AND COMMITTED TO RULES

  2. 2026-06-04 Senate

    ORDERED TO THIRD READING CAL.1710

  3. 2026-06-04 Senate

    HOME RULE REQUEST

  4. 2026-06-04 Senate

    PASSED SENATE

  5. 2026-06-04 Senate

    DELIVERED TO ASSEMBLY

  6. 2026-06-04 Assembly

    REFERRED TO GOVERNMENTAL EMPLOYEES

  7. 2026-05-05 Senate

    REPORTED AND COMMITTED TO FINANCE

  8. 2026-04-17 Senate

    AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

  9. 2026-04-17 Senate

    PRINT NUMBER 5754B

  10. 2026-01-07 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

  11. 2025-12-24 Senate

    AMEND (T) AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

  12. 2025-12-24 Senate

    PRINT NUMBER 5754A

  13. 2025-02-28 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

Official Summary Text

Authorizes an optional twenty-five year retirement plan for fire marshals I or supervisors of such title in Suffolk county
Authorizes an optional twenty-five year retirement plan for fire marshals I and supervisors of such title in Suffolk county.

Current Bill Text

Read the full stored bill text
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          5754

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    February 28, 2025
                                       ___________

        Introduced  by Sen. MARTINEZ -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions

        AN ACT to amend the retirement and social security law, in  relation  to
          an  optional  twenty-five year retirement plan for fire marshals I and
          supervisors of such title in Suffolk county

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  Section  604 of the retirement and social security law is
     2  amended by adding a new subdivision w to read as follows:
     3    W. THE EARLY SERVICE RETIREMENT BENEFIT FOR A MEMBER WHO  IS  EMPLOYED
     4  BY  THE  COUNTY OF SUFFOLK OR A PARTICIPATING EMPLOYER THAT IS A TOWN OR
     5  VILLAGE IN THE COUNTY OF SUFFOLK THAT MAKES THE ELECTION PROVIDED FOR IN
     6  SUBDIVISION J OF SECTION EIGHTY-NINE-Y OF THIS CHAPTER AS A FIRE MARSHAL
     7  I OR SUPERVISOR OF SUCH TITLE AS DEFINED  IN  SECTION  EIGHTY-NINE-Y  OF
     8  THIS  CHAPTER  SHALL BE A PENSION EQUAL TO ONE-FIFTIETH OF FINAL AVERAGE
     9  SALARY TIMES YEARS OF CREDITED SERVICE AT THE COMPLETION OF  TWENTY-FIVE
    10  YEARS  OF SERVICE AS A FIRE MARSHAL I OR SUPERVISOR OF SUCH TITLE IN THE
    11  COUNTY OF SUFFOLK OR A PARTICIPATING EMPLOYER THAT IS A TOWN OR  VILLAGE
    12  IN  THE  COUNTY  OF  SUFFOLK BUT NOT EXCEEDING ONE-HALF OF SUCH MEMBER'S
    13  FINAL AVERAGE SALARY; FOR SERVICE BEYOND TWENTY-FIVE YEARS THE  BENEFITS
    14  SHALL  INCREASE BY ONE-SIXTIETH OF FINAL AVERAGE SALARY FOR EACH YEAR OF
    15  ADDITIONAL SERVICE CREDIT PROVIDED, HOWEVER, THAT  THE  TOTAL  ALLOWANCE
    16  PAYABLE  PURSUANT TO THIS SECTION SHALL NOT EXCEED THREE-FOURTHS OF SUCH
    17  MEMBER'S FINAL AVERAGE SALARY.
    18    § 2. The retirement and social security law is amended by adding a new
    19  section 89-y to read as follows:
    20    § 89-Y. RETIREMENT OF MEMBERS EMPLOYED AS A FIRE MARSHAL I OR SUPERVI-
    21  SOR OF SUCH TITLE IN THE COUNTY OF SUFFOLK OR A  PARTICIPATING  EMPLOYER
    22  THAT  IS  A  TOWN  OR  VILLAGE  IN  THE COUNTY OF SUFFOLK. A. ANY MEMBER
    23  EMPLOYED ON OR BEFORE THE ENACTMENT OF THIS SECTION AS A FIRE MARSHAL  I
    24  OR SUPERVISOR OF SUCH TITLE UPON AN ELECTION BY THE COUNTY OF SUFFOLK OR

         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02740-02-5
        S. 5754                             2

     1  A  PARTICIPATING  EMPLOYER  THAT  IS  A TOWN OR VILLAGE IN THE COUNTY OF
     2  SUFFOLK SHALL BE ELIGIBLE TO RETIRE PURSUANT TO THE PROVISIONS  OF  THIS
     3  SECTION.  SUCH  ELIGIBILITY  SHALL  BE AN ALTERNATIVE TO THE ELIGIBILITY
     4  PROVISIONS  AVAILABLE UNDER ANY OTHER PLAN OF THIS ARTICLE TO WHICH SUCH
     5  MEMBER IS SUBJECT.
     6    B. SUCH MEMBER SHALL BE ENTITLED TO  RETIRE  UPON  THE  COMPLETION  OF
     7  TWENTY-FIVE  YEARS  OF TOTAL CREDITABLE SERVICE BY FILING AN APPLICATION
     8  THEREFOR IN THE MANNER PROVIDED FOR IN SECTION SEVENTY OF THIS ARTICLE.
     9    C. UPON COMPLETION OF TWENTY-FIVE  YEARS  OF  SUCH  SERVICE  AND  UPON
    10  RETIREMENT,  EACH  SUCH  MEMBER  SHALL RECEIVE A PENSION WHICH, TOGETHER
    11  WITH AN ANNUITY WHICH SHALL BE THE ACTUARIAL EQUIVALENT  OF  ACCUMULATED
    12  CONTRIBUTIONS  AT THE TIME OF RETIREMENT AND AN ADDITIONAL PENSION WHICH
    13  IS THE ACTUARIAL EQUIVALENT OF THE  RESERVED-FOR-INCREASED-TAKE-HOME-PAY
    14  TO WHICH SUCH MEMBER MAY THEN BE ENTITLED SHALL BE SUFFICIENT TO PROVIDE
    15  A  RETIREMENT ALLOWANCE EQUAL TO ONE-HALF OF SUCH MEMBER'S FINAL AVERAGE
    16  SALARY.
    17    D. AS USED IN THIS SECTION  "CREDITABLE  SERVICE"  SHALL  INCLUDE  ALL
    18  SERVICES  PERFORMED  AS  A  FIRE  MARSHAL  I OR SUPERVISOR OF SUCH TITLE
    19  EMPLOYED BY THE COUNTY OF SUFFOLK OR A PARTICIPATING EMPLOYER THAT IS  A
    20  TOWN OR VILLAGE IN THE COUNTY OF SUFFOLK THAT HAS ELECTED TO PROVIDE THE
    21  BENEFITS PROVIDED BY THIS SECTION.
    22    E.  CREDIT  FOR SERVICE AS A PAID FIREFIGHTER OR OFFICER OF ANY ORGAN-
    23  IZED FIRE DEPARTMENT SHALL ALSO BE DEEMED TO BE CREDITABLE  SERVICE  AND
    24  SHALL  BE  INCLUDED  IN  COMPUTING YEARS OF TOTAL SERVICE FOR RETIREMENT
    25  PURSUANT TO THIS SECTION.
    26    F. A MEMBER CONTRIBUTING ON THE BASIS OF THIS SECTION AT THE  TIME  OF
    27  RETIREMENT,  MAY  RETIRE  AFTER  THE  COMPLETION OF TWENTY-FIVE YEARS OF
    28  TOTAL CREDITABLE SERVICE. APPLICATION THEREFOR MAY BE FILED IN A  MANNER
    29  SIMILAR  TO  THAT  PROVIDED  IN  SECTION  SEVENTY  OF THIS ARTICLE. UPON
    30  COMPLETION OF TWENTY-FIVE YEARS OF SUCH  SERVICE  AND  UPON  RETIREMENT,
    31  EACH SUCH MEMBER SHALL RECEIVE A PENSION WHICH, TOGETHER WITH AN ANNUITY
    32  WHICH  SHALL BE THE ACTUARIAL EQUIVALENT OF ACCUMULATED CONTRIBUTIONS AT
    33  THE TIME OF RETIREMENT AND AN ADDITIONAL PENSION WHICH IS THE  ACTUARIAL
    34  EQUIVALENT  OF  THE  RESERVED-FOR-INCREASED-TAKE-HOME-PAY  TO WHICH SUCH
    35  MEMBER MAY THEN BE ENTITLED SHALL BE SUFFICIENT TO PROVIDE A  RETIREMENT
    36  ALLOWANCE  EQUAL  TO ONE-HALF OF SUCH MEMBER'S FINAL AVERAGE SALARY; FOR
    37  SERVICE BEYOND TWENTY-FIVE YEARS THE BENEFIT IS INCREASED BY  ONE-SIXTI-
    38  ETH  OF  FINAL AVERAGE SALARY FOR EACH YEAR OF ADDITIONAL SERVICE CREDIT
    39  PROVIDED, HOWEVER, THAT THE TOTAL ALLOWANCE  PAYABLE  PURSUANT  TO  THIS
    40  SECTION  SHALL  NOT  EXCEED THREE-FOURTHS OF SUCH MEMBER'S FINAL AVERAGE
    41  SALARY.
    42    G. IN COMPUTING THE TWENTY-FIVE YEARS OF TOTAL  SERVICE  OF  A  MEMBER
    43  PURSUANT  TO  THIS SECTION FULL CREDIT SHALL BE GIVEN AND FULL ALLOWANCE
    44  SHALL BE MADE FOR SERVICE OF SUCH MEMBER IN TIME OF WAR AFTER WORLD  WAR
    45  I AS DEFINED IN SECTION TWO OF THIS CHAPTER, PROVIDED SUCH MEMBER AT THE
    46  TIME  OF  ENTRANCE INTO THE ARMED FORCES WAS EMPLOYED BY A PARTICIPATING
    47  EMPLOYER PURSUANT TO THIS SECTION.
    48    H. NOTHING IN THIS SECTION SHALL BE CONSTRUED TO PREVENT A MEMBER, WHO
    49  DOES NOT RETIRE PURSUANT TO THE PROVISIONS OF THIS SECTION, FROM UTILIZ-
    50  ING SERVICE WHICH IS CREDITABLE SERVICE PURSUANT TO  THE  PROVISIONS  OF
    51  THIS  SECTION FOR SERVICE CREDIT PURSUANT TO THE PROVISIONS OF ANY OTHER
    52  PLAN OF THIS ARTICLE TO WHICH SUCH MEMBER IS SUBJECT.
    53    I. THE PROVISIONS OF THIS SECTION SHALL BE CONTROLLING NOTWITHSTANDING
    54  ANY OTHER PROVISION OF THIS ARTICLE TO THE CONTRARY.
    55    J. SUFFOLK COUNTY, OR A TOWN OR VILLAGE IN THE COUNTY OF SUFFOLK  THAT
    56  ELECTS PURSUANT TO THE PROVISIONS OF THIS SUBDIVISION SHALL PAY THE COST
        S. 5754                             3

     1  ATTRIBUTABLE  THEREFOR.  THE BENEFITS OF THIS SECTION SHALL BE AVAILABLE
     2  ONLY TO THOSE MEMBERS DEFINED IN SUBDIVISION A  OF  THIS  SECTION  WHOSE
     3  EMPLOYER  ELECTS  TO  PROVIDE  SUCH BENEFITS BY ADOPTING A RESOLUTION TO
     4  SUCH  EFFECT  AND  FILING A CERTIFIED COPY THEREOF WITH THE COMPTROLLER.
     5  SUCH RESOLUTION SHALL BE ACCOMPANIED BY THE AFFIDAVIT OF THE CHIEF EXEC-
     6  UTIVE OFFICER OF THE COUNTY OF SUFFOLK OR A TOWN OR VILLAGE IN THE COUN-
     7  TY OF SUFFOLK THAT THE COUNTY, TOWN OR VILLAGE HAS RECEIVED AN  ESTIMATE
     8  FROM  THE  RETIREMENT SYSTEM OF THE COST OF THE BENEFIT PROVIDED BY THIS
     9  SECTION.  SUCH RESOLUTION SHALL APPLY TO ALL MEMBERS DEFINED IN SUBDIVI-
    10  SION A OF THIS SECTION.
    11    § 3. Section 603 of the retirement and social security law is  amended
    12  by adding a new subdivision w to read as follows:
    13    W.  THE  SERVICE  RETIREMENT  BENEFIT SPECIFIED IN SECTION SIX HUNDRED
    14  FOUR OF THIS ARTICLE SHALL BE PAYABLE TO MEMBERS WITH TWENTY-FIVE  YEARS
    15  OF  CREDITABLE  SERVICE,  WITHOUT REGARD TO AGE, WHO ARE EMPLOYED BY THE
    16  COUNTY OF SUFFOLK OR A PARTICIPATING EMPLOYER THAT IS A TOWN OR  VILLAGE
    17  IN  THE COUNTY OF SUFFOLK THAT MAKES THE ELECTION PROVIDED FOR IN SUBDI-
    18  VISION J OF SECTION EIGHTY-NINE-Y OF THIS CHAPTER AS A FIRE MARSHAL I OR
    19  SUPERVISOR OF SUCH TITLE AS DEFINED IN  SECTION  EIGHTY-NINE-Y  OF  THIS
    20  CHAPTER  IF:  (I) SUCH MEMBERS HAVE MET THE MINIMUM SERVICE REQUIREMENTS
    21  UPON RETIREMENT; AND (II) IN  THE  CASE  OF  A  MEMBER  SUBJECT  TO  THE
    22  PROVISIONS  OF  ARTICLE  FOURTEEN  OF THIS CHAPTER, SUCH MEMBER FILES AN
    23  ELECTION THEREFOR WHICH PROVIDES THAT SUCH MEMBER SHALL  BE  SUBJECT  TO
    24  THE  PROVISIONS  OF  THIS  ARTICLE AND TO NONE OF THE PROVISIONS OF SUCH
    25  ARTICLE FOURTEEN. SUCH ELECTION, WHICH SHALL BE IRREVOCABLE, SHALL BE IN
    26  WRITING, DULY EXECUTED AND SHALL BE FILED WITH  THE  COMPTROLLER  WITHIN
    27  ONE YEAR OF THE ELECTION SUCH MEMBER'S EMPLOYER MAKES PURSUANT TO SUBDI-
    28  VISION  J  OF  SECTION  EIGHTY-NINE-Y OF THIS CHAPTER OR WITHIN ONE YEAR
    29  AFTER ENTERING THE EMPLOYMENT  WITH  THE  PARTICIPATING  SUFFOLK  COUNTY
    30  EMPLOYER UPON WHICH ELIGIBILITY IS BASED, WHICHEVER COMES LATER. FOR THE
    31  PURPOSES  OF  THIS SUBDIVISION, THE TERM "CREDITABLE SERVICE" SHALL HAVE
    32  THE MEANING AS SO DEFINED IN BOTH SECTIONS EIGHTY-NINE-Y AND SIX HUNDRED
    33  ONE OF THIS CHAPTER.
    34    § 4. Subdivision a of section 445 of the retirement and social securi-
    35  ty law, as amended by chapter 714 of the laws of  2023,  is  amended  to
    36  read as follows:
    37    a.  No  member of a retirement system who is subject to the provisions
    38  of this article shall retire without regard to age, exclusive of retire-
    39  ment for disability, unless [he or she] SUCH MEMBER is a police officer,
    40  an investigator member  of  the  New  York  city  employees'  retirement
    41  system,  firefighter, correction officer, a qualifying member as defined
    42  in section eighty-nine-t, as added by chapter six hundred fifty-seven of
    43  the laws of nineteen hundred ninety-eight, of this  chapter,  sanitation
    44  worker, a special officer (including persons employed by the city of New
    45  York  in  the  title  urban park ranger or associate urban park ranger),
    46  school safety agent, campus  peace  officer  or  a  taxi  and  limousine
    47  commission  inspector  member of the New York city employees' retirement
    48  system or the New York city board  of  education  retirement  system,  a
    49  dispatcher  member  of the New York city employees' retirement system, a
    50  police communications member of the New York city employees'  retirement
    51  system, an EMT member of the New York city employees' retirement system,
    52  a  deputy  sheriff  member  of  the  New York city employees' retirement
    53  system, a  correction  officer  of  the  Westchester  county  correction
    54  department  as  defined  in  section  eighty-nine-e  of  this chapter or
    55  employed in Suffolk county as a peace officer,  as  defined  in  section
    56  eighty-nine-s, as added by chapter five hundred eighty-eight of the laws
        S. 5754                             4

     1  of  nineteen  hundred ninety-seven, of this chapter, employed in Suffolk
     2  county as a correction officer, as defined in section  eighty-nine-f  of
     3  this  chapter,  or  employed  in  Nassau county as a correction officer,
     4  uniformed correction division personnel, sheriff, undersheriff or deputy
     5  sheriff,  as  defined  in  section  eighty-nine-g  of  this  chapter, or
     6  employed in Nassau county as an ambulance medical technician,  an  ambu-
     7  lance  medical  technician/supervisor or a member who performs ambulance
     8  medical technician related services, or a  police  medic,  police  medic
     9  supervisor  or  a  member who performs police medic related services, as
    10  defined in section eighty-nine-s, as amended  by  chapter  five  hundred
    11  seventy-eight  of  the  laws  of  nineteen hundred ninety-eight, of this
    12  chapter, or employed in Nassau county as a peace officer, as defined  in
    13  section  eighty-nine-s,  as added by chapter five hundred ninety-five of
    14  the laws of nineteen hundred ninety-seven, of this chapter, or  employed
    15  in  Albany county as a sheriff, undersheriff, deputy sheriff, correction
    16  officer or identification officer, as defined in  section  eighty-nine-h
    17  of  this  chapter  or  is  employed in St. Lawrence county as a sheriff,
    18  undersheriff, deputy  sheriff  or  correction  officer,  as  defined  in
    19  section  eighty-nine-i  of this chapter or is employed in Orleans county
    20  as a sheriff, undersheriff, deputy sheriff  or  correction  officer,  as
    21  defined  in  section  eighty-nine-l  of  this  chapter or is employed in
    22  Jefferson  county  as  a  sheriff,  undersheriff,  deputy   sheriff   or
    23  correction  officer, as defined in section eighty-nine-j of this chapter
    24  or is employed in Onondaga county  as  a  deputy  sheriff-jail  division
    25  competitively  appointed  or  as  a  correction  officer,  as defined in
    26  section eighty-nine-k of this chapter or is employed in a  county  which
    27  makes  an  election under subdivision j of section eighty-nine-p of this
    28  chapter as a sheriff, undersheriff, deputy sheriff or correction officer
    29  as defined in such section eighty-nine-p or is employed in Broome County
    30  as a sheriff, undersheriff, deputy sheriff  or  correction  officer,  as
    31  defined  in  section eighty-nine-m of this chapter or is a Monroe county
    32  deputy sheriff-court security, or deputy sheriff-jailor  as  defined  in
    33  section  eighty-nine-n, as added by chapter five hundred ninety-seven of
    34  the laws of nineteen hundred ninety-one, of this chapter or is  employed
    35  in   Greene  county  as  a  sheriff,  undersheriff,  deputy  sheriff  or
    36  correction officer, as defined in section eighty-nine-o of this  chapter
    37  or  is  a  traffic officer with the town of Elmira as defined in section
    38  eighty-nine-q of this chapter or is employed by Suffolk county as a park
    39  police officer, as defined in section eighty-nine-r of this  chapter  or
    40  is  a peace officer employed by a county probation department as defined
    41  in section eighty-nine-t, as added by chapter six hundred three  of  the
    42  laws of nineteen hundred ninety-eight, of this chapter or is employed in
    43  Rockland  county as a deputy sheriff-civil as defined in section eighty-
    44  nine-v of this chapter as added by chapter four hundred forty-one of the
    45  laws of two thousand one, or is employed in Rockland county as a superi-
    46  or correction officer as defined in section eighty-nine-v of this  chap-
    47  ter  as added by chapter five hundred fifty-six of the laws of two thou-
    48  sand one or is a paramedic employed by the police department in the town
    49  of Tonawanda and retires under the provisions of  section  eighty-nine-v
    50  of  this  chapter,  as  added by chapter four hundred seventy-two of the
    51  laws of two thousand one, or is a county fire marshal, supervising  fire
    52  marshal,  fire  marshal,  assistant  fire  marshal, assistant chief fire
    53  marshal, chief fire marshal, division supervising fire marshal  or  fire
    54  marshal  trainee  employed by the county of Nassau as defined in section
    55  eighty-nine-w of this chapter or is employed in Monroe county as a depu-
    56  ty sheriff-civil as defined in section eighty-nine-x  of  this  chapter,
        S. 5754                             5

     1  employed  as  an emergency medical technician, critical care technician,
     2  advanced emergency medical technician, paramedic or supervisor  of  such
     3  titles  in  a  participating  Suffolk county fire district as defined in
     4  section  eighty-nine-ss of this chapter, EMPLOYED AS A FIRE MARSHAL I OR
     5  SUPERVISOR OF SUCH TITLE IN THE COUNTY OF  SUFFOLK  OR  A  PARTICIPATING
     6  EMPLOYER  THAT  IS A TOWN OR VILLAGE IN THE COUNTY OF SUFFOLK AS DEFINED
     7  IN SECTION EIGHTY-NINE-Y OF THIS CHAPTER, and is in a plan which permits
     8  immediate retirement upon completion of a specified  period  of  service
     9  without  regard  to age.  Except as provided in subdivision c of section
    10  four hundred forty-five-a of this article, subdivision c of section four
    11  hundred forty-five-b of this article,  subdivision  c  of  section  four
    12  hundred  forty-five-c  of  this  article,  subdivision c of section four
    13  hundred forty-five-d of this article,  subdivision  c  of  section  four
    14  hundred  forty-five-e  of  this  article,  subdivision c of section four
    15  hundred forty-five-f of this article and subdivision c of  section  four
    16  hundred  forty-five-h  of this article, a member in such a plan and such
    17  an occupation, other than a police officer or investigator member of the
    18  New York city employees' retirement system or a firefighter,  shall  not
    19  be  permitted  to retire prior to the completion of twenty-five years of
    20  credited service; provided, however, if such a member in such an occupa-
    21  tion is in a plan which permits retirement  upon  completion  of  twenty
    22  years  of  service regardless of age, [he or she] SUCH MEMBER may retire
    23  upon completion of twenty years of credited service  and  prior  to  the
    24  completion  of twenty-five years of service, but in such event the bene-
    25  fit provided from funds other than those based on such  a  member's  own
    26  contributions  shall  not  exceed two per centum of final average salary
    27  per each year of credited service.
    28    §  5.  All  past  service  costs  associated  with  implementing   the
    29  provisions  of  this act shall be borne by a participating employer that
    30  makes the election provided for in subdivision 89-y  of  the  retirement
    31  and social security law.
    32    § 6. This act shall take effect immediately.
          FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
          This bill would allow Suffolk County or any town or village in Suffolk
        County  that  participates  in  the  New York State and Local Employees'
        Retirement System to elect to provide individuals employed in the  title
        of  Fire  Marshal  I  or supervisors of such title, the option to retire
        upon completion of twenty-five years of creditable service with a  bene-
        fit  of one-half of final average salary (FAS) and an additional benefit
        of one-sixtieth of FAS for each year of creditable service in excess  of
        twenty-five  years,  not  to  exceed three-fourths (75%) of FAS.   Addi-
        tionally, members covered under Article 14 would be permitted  one  year
        to  make  an irrevocable election to switch to the twenty-five-year plan
        benefit.
          If this bill is enacted during the 2025 Legislative Session, we antic-
        ipate that there will be an increase in the annual contributions  of  an
        electing  employer  of  approximately  6% of the salary paid to eligible
        members for the fiscal year ending March 31, 2026. In future years  this
        cost  will  vary as the billing rates and salary of the affected members
        change.
          In addition to the annual contributions discussed above, there will be
        an immediate past service cost  which  will  be  borne  by  an  electing
        employer as a one-time payment. This cost is expected to average approx-
        imately 40% of the salary paid to employees in covered titles.
          Further,  we  anticipate  additional administrative costs to implement
        the provisions of this legislation.
        S. 5754                             6

          The exact number of current members as  well  as  future  members  who
        could  be  affected  by  this  legislation cannot be readily determined.
        Prior to electing to  provide  these  benefits,  an  employer  would  be
        required  to  submit  a roster of eligible members to the New York State
        and  Local  Retirement System. This roster would be used to determine an
        exact cost to the individual employer electing to  provide  these  bene-
        fits.
          Summary of relevant resources:
          Membership  data as of March 31, 2024 was used in measuring the impact
        of the proposed change, the same data used in the April 1, 2024 actuari-
        al valuation. Distributions and other statistics can  be  found  in  the
        2024  Report  of the Actuary and the 2024 Annual Comprehensive Financial
        Report.  The actuarial assumptions and methods used are described in the
        2024 Annual Report to the Comptroller on Actuarial Assumptions, and  the
        Codes,  Rules  and  Regulations  of  the  State  of  New York: Audit and
        Control. The Market Assets and GASB Disclosures are found in  the  March
        31, 2024 New York State and Local Retirement System Financial Statements
        and Supplementary Information.
          This  fiscal note does not constitute a legal opinion on the viability
        of the proposed change nor is it intended to serve as a  substitute  for
        the professional judgment of an attorney.
          This  estimate,  dated  February  26,  2025, and intended for use only
        during the 2025 Legislative Session, is  Fiscal  Note  No.  2025-25.  As
        Chief  Actuary  of  the  New  York State and Local Retirement System, I,
        Aaron Schottin Young, hereby certify that this  analysis  complies  with
        applicable  Actuarial  Standards  of  Practice  as  well  as the Code of
        Professional Conduct and Qualification Standards for  Actuaries  Issuing
        Statements of Actuarial Opinion of the American Academy of Actuaries, of
        which I am a member.