Allows active members of the New York state and local police and fire retirement system to purchase service credit for service with the Long Island.

This bill allows active members of the New York state and local police and fire retirement system to purchase up to three years of service credit for time rendered as a police officer in the Long Island Railroad Company (LIRR) police department. To be eligible, members must have at least five years of credited service. Members would be required to pay three percent of their most recent compensation for each year of additional service credit granted by this bill. If enacted, the past service cost will be 22% of affected member's compensation for each year of service credit that is purchased.

Allows active members of the New York state and local police and fire retirement system to purchase service credit for service with the Long Island.

This bill allows active members of the New York state and local police and fire retirement system to purchase up to three years of service credit for time rendered as a police officer in the Long Island Railroad Company (LIRR) police department. To be eligible, members must have at least five years of credited service. Members would be required to pay three percent of their most recent compensation for each year of additional service credit granted by this bill. If enacted, the past service cost will be 22% of affected member's compensation for each year of service credit that is purchased.