New York A08218 amends the calculation of past service credit for deputy sheriffs transferring between retirement systems.

New York A08218 amends the retirement and social security law to adjust the calculation of past service credit for deputy sheriffs who transfer between the New York state and local employees' retirement system and the New York state and local police and fire retirement system. The bill specifies that the service credit granted cannot exceed 10 years or the service credit from the previous system. The calculation involves a salary multiplier and a billing rate multiplier, determined by the actuaries of both retirement systems.

New York A08218 amends the calculation of past service credit for deputy sheriffs transferring between retirement systems.

New York A08218 amends the retirement and social security law to adjust the calculation of past service credit for deputy sheriffs who transfer between the New York state and local employees' retirement system and the New York state and local police and fire retirement system. The bill specifies that the service credit granted cannot exceed 10 years or the service credit from the previous system. The calculation involves a salary multiplier and a billing rate multiplier, determined by the actuaries of both retirement systems.