New York S10436 amends the ordinary disability benefit for Tier 3 Enhanced Plan members of the New York City Fire Department Pension Fund.
New York S10436 amends the ordinary disability benefit for Tier 3 Enhanced Plan members of the New York City Fire Department Pension Fund. The bill sets the annual pension at 2.5% of Final Average Salary (FAS) per year of credited service, with a minimum of one-third of FAS for members with fewer than 10 years of credited service, and a minimum of 50% of FAS for members with 10 or more years of credited service. The legislation also expands the definition of credited service to include certain public service that preceded Fire Department of New York (FDNY) membership.
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