A08322 would change the salary base for New York City Police Pension Fund members hired after July 1, 2000.
A08322 would amend the New York City Police Pension Fund's salary base calculation for members hired on or after July 1, 2000. Currently, the salary base for these members is determined by their pensionable earnings in the final 12 months of service. The bill proposes that the salary base for these members be determined the same way as for members hired before July 1, 2000, which is the greater of the pensionable earnings in the final 12 months of service or the average pensionable earnings in any consecutive three years of service.
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