Establishes a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs.
The bill amends the retirement and social security law to establish a twenty-five-year retirement plan for firefighters employed by the division of military and naval affairs. It allows eligible firefighters to retire after completing twenty-five years of creditable service, receiving a pension of one-half of their final average salary. Members in certain tiers may receive additional benefits for service beyond twenty-five years. The bill also permits members covered under Article 14 to switch to the twenty-five-year plan within one year of the bill's effective date.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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