New York S09306 provides salary bonuses for New York City Fire Department members retiring with 25, 30, or 35 years of service.
New York S09306 amends the administrative code to provide salary bonuses for New York City Fire Department members retiring with at least 25, 30, or 35 years of service. The bonuses are calculated as a percentage of the highest grade of pay under the applicable collective bargaining agreement of the rank in which the member retires. Specifically, members retiring with 25 years of service receive a 5% bonus, those with 30 years receive a 10% bonus, and those with 35 years receive a 15% bonus.
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