New York S07750 amends the calculation of past service credit for deputy sheriffs transferring between retirement systems.

New York S07750 amends the calculation of past service credit for deputy sheriffs transferring from the New York state and local employees' retirement system to the New York state and local police and fire retirement system. The bill allows eligible deputy sheriffs to receive service credit based on their service in the previous system, with a cap of 10 years. The calculation involves a salary multiplier and a billing rate multiplier, determined by the actuaries of both systems.

New York S07750 amends the calculation of past service credit for deputy sheriffs transferring between retirement systems.

New York S07750 amends the calculation of past service credit for deputy sheriffs transferring from the New York state and local employees' retirement system to the New York state and local police and fire retirement system. The bill allows eligible deputy sheriffs to receive service credit based on their service in the previous system, with a cap of 10 years. The calculation involves a salary multiplier and a billing rate multiplier, determined by the actuaries of both systems.