New York S04262 amends pension benefits for NYPD detectives, sergeants, and lieutenants with 25+ years of service.

New York S04262 amends the administrative code to enhance pension benefits for NYPD detectives, sergeants, and lieutenants who retire with at least 25 years of uniformed service. The bill specifies that these officers will receive an additional percentage of their highest grade of pay added to their applicable salary for pension benefit calculations. Specifically, officers with 25 years of service receive 5%, those with 30 years receive 10%, and those with 35 years receive 15%. The additional benefit is subject to applicable Cost-of-Living or Escalation increases.

New York S04262 amends pension benefits for NYPD detectives, sergeants, and lieutenants with 25+ years of service.

New York S04262 amends the administrative code to enhance pension benefits for NYPD detectives, sergeants, and lieutenants who retire with at least 25 years of uniformed service. The bill specifies that these officers will receive an additional percentage of their highest grade of pay added to their applicable salary for pension benefit calculations. Specifically, officers with 25 years of service receive 5%, those with 30 years receive 10%, and those with 35 years receive 15%. The additional benefit is subject to applicable Cost-of-Living or Escalation increases.