New York S07975 eliminates the reduction of retirement benefits for NYC police pension fund members by the primary social security retirement benefit.

New York S07975 amends the Retirement and Social Security Law to ensure that service retirement benefits for members of the New York City Police Pension Fund are not reduced by the primary social security retirement benefit commencing at age sixty-two. This change applies to normal service retirement, early service retirement, and vested retirement benefits. The bill also specifies that the offset for these benefits will be eliminated, resulting in an increase in benefits for affected members.

New York S07975 eliminates the reduction of retirement benefits for NYC police pension fund members by the primary social security retirement benefit.

New York S07975 amends the Retirement and Social Security Law to ensure that service retirement benefits for members of the New York City Police Pension Fund are not reduced by the primary social security retirement benefit commencing at age sixty-two. This change applies to normal service retirement, early service retirement, and vested retirement benefits. The bill also specifies that the offset for these benefits will be eliminated, resulting in an increase in benefits for affected members.