Allows certain members of the New York State and Local Police and Fire Retirement System to transfer their memberships back to the New York State and.

This bill authorizes active members of the New York State and Local Police and Fire Retirement System (NYSLPFRS) to retroactively transfer their service credit to prior membership in the New York State and Local Employees' Retirement System (NYSLERS). The transfer is available to members covered by section 384-d of the retirement and social security law. The cost of the transfer depends on the applicant's age and financial report, with actuarial assumptions and methods described in the 2025 Annual Report to the Comptroller on Actuarial Assumptions.

Allows certain members of the New York State and Local Police and Fire Retirement System to transfer their memberships back to the New York State and.

This bill authorizes active members of the New York State and Local Police and Fire Retirement System (NYSLPFRS) to retroactively transfer their service credit to prior membership in the New York State and Local Employees' Retirement System (NYSLERS). The transfer is available to members covered by section 384-d of the retirement and social security law. The cost of the transfer depends on the applicant's age and financial report, with actuarial assumptions and methods described in the 2025 Annual Report to the Comptroller on Actuarial Assumptions.