New York S09394 amends retirement benefits for Suffolk County correction officers.

New York S09394 amends the retirement and social security law to change the retirement benefits for Suffolk County correction officers. The bill modifies the retirement allowance for these officers, providing 40 percent of their final average salary upon completion of 20 years of service, instead of 50 percent after 25 years. It also adjusts the retirement benefit for those who serve 25 years to 50 percent of their final average salary, down from 60 percent. The bill specifies that all past service costs will be borne by Suffolk County and can be amortized over ten years.

New York S09394 amends retirement benefits for Suffolk County correction officers.

New York S09394 amends the retirement and social security law to change the retirement benefits for Suffolk County correction officers. The bill modifies the retirement allowance for these officers, providing 40 percent of their final average salary upon completion of 20 years of service, instead of 50 percent after 25 years. It also adjusts the retirement benefit for those who serve 25 years to 50 percent of their final average salary, down from 60 percent. The bill specifies that all past service costs will be borne by Suffolk County and can be amortized over ten years.