Removes the 25-year requirement for tier three escalation for service retirement of New York City Fire Department members.
This bill amends the retirement and social security law to change the eligibility for Full Escalation for Tier 3 FIRE members. Currently, these members must complete 25 years of service to be eligible for Full Escalation. The proposed legislation reduces this requirement to 20 years of service. This change will affect the retirement benefits of current and future members of the New York City Fire Department.
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