New York City Transit Authority employees who participated in World Trade Center rescue, recovery, or cleanup operations can now receive a.
This bill amends the retirement and social security law to allow New York City Transit Authority employees who participated in World Trade Center rescue, recovery, or cleanup operations to receive a performance of duty disability retirement. This retirement benefit is equal to 75% of the employee's Final Average Salary, subject to certain conditions. The bill also outlines the financial implications and actuarial assumptions related to this change, including the potential increase in employer contributions and the present value of benefits.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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