Limits total employee contributions for EMTs in the 25-Year Retirement Plan to 9.25% of pensionable pay.
This bill proposes to amend the retirement and social security law to limit total employee contributions for Tier 6 members of the NYCERS Emergency Medical Technician (EMT) 25-Year Retirement Plan to 9.25% of pensionable pay. Basic member contributions would remain unchanged. The proposed changes would affect salary bands, with the highest current contribution rate of 12.25% reduced to 9.25%. The bill aims to ensure that the total contributions do not exceed 9.25% of pensionable pay, impacting future new hires as well.
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