New York S09070 grants police force members eligibility for retirement and pension based on prior traffic enforcement service.

New York S09070 amends the administrative code to allow members of the city's police force to receive retirement and pension benefits based on their previous service as traffic enforcement agents. This applies to those appointed to the traffic enforcement agent title before July 1, 2009. The bill includes provisions for buying back service credit for this period and receiving service credit for it. The fiscal note indicates an increase in employer contributions and actuarial present values of benefits, with amortization of unfunded accrued liability over five years.

New York S09070 grants police force members eligibility for retirement and pension based on prior traffic enforcement service.

New York S09070 amends the administrative code to allow members of the city's police force to receive retirement and pension benefits based on their previous service as traffic enforcement agents. This applies to those appointed to the traffic enforcement agent title before July 1, 2009. The bill includes provisions for buying back service credit for this period and receiving service credit for it. The fiscal note indicates an increase in employer contributions and actuarial present values of benefits, with amortization of unfunded accrued liability over five years.