S.07115

Allows retirees to apply for a supplemental military retirement allowance.

Amends the Retirement and Social Security Law to allow retirees of the New York State and Local Retirement Systems to apply for a supplemental military retirement allowance. The amount of the supplemental benefit would be the retiree's current benefit up to $15,000 times 3% for each year of military service up to three years, that was not credited prior to retirement. The retiree must have retired prior to May 31, 2017. Half of the supplement would continue to be paid to a spousal beneficiary collecting a lifetime benefit. Applications must be filed before January 1, 2026.