New York City uniformed sanitation members will not have their retirement benefits reduced by Social Security benefits starting at age 62.

This bill amends the Retirement and Social Security Law to ensure that for New York City uniformed sanitation revised plan members of the New York City Employees' Retirement System, their service retirement benefits will not be reduced by the primary Social Security retirement benefit when they reach age 62. This change applies to both current and future members of the retirement system. The fiscal impact includes an increase in employer contributions and the present value of benefits, with the entire increase allocated to New York City.

New York City uniformed sanitation members will not have their retirement benefits reduced by Social Security benefits starting at age 62.

This bill amends the Retirement and Social Security Law to ensure that for New York City uniformed sanitation revised plan members of the New York City Employees' Retirement System, their service retirement benefits will not be reduced by the primary Social Security retirement benefit when they reach age 62. This change applies to both current and future members of the retirement system. The fiscal impact includes an increase in employer contributions and the present value of benefits, with the entire increase allocated to New York City.