Amends retirement benefits for New York City Fire Department members, allowing full escalation at 23 years of service.
This bill amends the retirement and social security law to redefine the full escalation date for service retirement benefits for uniformed members of the New York City Fire Department pension fund. It sets the full escalation date as the first day of the month following the date a member completes or would have completed 23 years of credited service. This change allows for earlier eligibility for full escalation and partial escalation for retirements with more than 20 years of service.
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