Senate Bill S9274

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9274
 
                             I N  S E N A T E
 
                             February 23, 2026
                                ___________
 
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to amend the retirement and social security law, in  relation  to
   the  treatment  of prior service with certain agencies by the New York
   city police pension fund
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "Didarul Islam police recruitment act".
   § 2. Paragraph 2 of subdivision c of section 513 of the retirement and
 social security law is amended by adding a new subparagraph (iv) to read
 as follows:
   (IV) NOTWITHSTANDING ANY OTHER PROVISION OF LAW  TO  THE  CONTRARY,  A
 MEMBER  OF THE NEW YORK CITY POLICE PENSION FUND SUBJECT TO THIS ARTICLE
 SHALL BE ELIGIBLE TO OBTAIN CREDIT FOR ANY PERIOD OF SERVICE RENDERED AS
 A NEW YORK CITY SCHOOL SAFETY  AGENT  OR  SUPERVISOR  OF  SCHOOL  SAFETY
 AGENTS,  A  NEW  YORK CITY CORRECTIONS OFFICER OR SUPERVISOR OF NEW YORK
 CITY CORRECTIONS OFFICERS, A NEW YORK CITY TRAFFIC ENFORCEMENT AGENT  OR
 SUPERVISOR OF TRAFFIC ENFORCEMENT AGENTS, OR IN THE NEW YORK CITY POLICE
 DEPARTMENT  CADET PROGRAM IN THE TITLE OF POLICE CADET PROGRAM OR POLICE
 CADET PROGRAM II, WHICH IMMEDIATELY PRECEDES SERVICE  IN  THE  UNIFORMED
 FORCE  OF THE NEW YORK CITY POLICE DEPARTMENT, AND SUCH SERVICE SHALL BE
 DEEMED TO BE IN SERVICE OF THE UNIFORMED FORCE  OF  THE  NEW  YORK  CITY
 POLICE DEPARTMENT FOR PURPOSES OF ELIGIBILITY FOR BENEFITS AND TO DETER-
 MINE THE AMOUNT OF BENEFITS UNDER THE NEW YORK CITY POLICE PENSION FUND,
 PROVIDED  THAT  SUCH  MEMBER  PAYS  OR  TRANSFERS INTO THE NEW YORK CITY
 POLICE PENSION FUND ALL MEMBER CONTRIBUTIONS SET FORTH IN  SECTION  FIVE
 HUNDRED  SEVENTEEN  OF  THIS  ARTICLE  PLUS  INTEREST, AT A RATE OF FIVE
 PERCENT PER ANNUM. FOR A MEMBER WHO TRANSFERS  SUCH  CONTRIBUTIONS  FROM
 THE  NEW  YORK  CITY  EMPLOYEES'  RETIREMENT SYSTEM TO THE NEW YORK CITY
 POLICE PENSION FUND OR FOR A MEMBER  WHO  WITHDRAWS  SUCH  CONTRIBUTIONS
 FROM  THE  NEW  YORK  CITY  EMPLOYEES'  RETIREMENT SYSTEM, SUCH MEMBER'S
 MEMBERSHIP IN THE NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM SHALL CEASE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14019-02-6
              

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 UPON SUCH TRANSFER OR WITHDRAWAL AND SUCH MEMBER SHALL RETAIN NO CREDIT-
 ED SERVICE IN SUCH SYSTEM.
   § 3. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   SUMMARY:  This  proposed legislation would provide eligible Tier 3 New
 York City Police Pension Fund (POLICE) members  with  credit  for  prior
 service as a correction officer, traffic enforcement agent, school safe-
 ty agent, or police cadet that immediately precedes POLICE membership.
 
          EXPECTED INCREASE (DECREASE) IN EMPLOYER CONTRIBUTIONS
           by Fiscal Year for the first 25 years ($ in Millions)
 
                     Year        NYC
 
                     2027        34.7
                     2028        35.9
                     2029        37.1
                     2030        38.3
                     2031        39.3
                     2032        40.1
                     2033        40.9
                     2034        41.8
                     2035        42.6
                     2036        43.3
                     2037        44.1
                     2038        45.0
                     2039        45.8
                     2040        46.6
                     2041        47.4
                     2042        20.5
                     2043        21.3
                     2044        21.8
                     2045        22.1
                     2046        22.7
                     2047        23.8
                     2048        25.1
                     2049        26.3
                     2050        27.5
                     2051        28.9
  Projected contributions include future new hires that may be impacted.
   For Fiscal Year 2052 and beyond, the expected increase in normal cost
   as a level percent of pay for impacted new entrants is approximately
         1.56% for each year of service purchased or transferred.
 
   The entire increase in employer contributions will be allocated to New
 York City.
   PRESENT  VALUE  OF  BENEFITS:  The  Present  Value  of Benefits is the
 discounted expected value of benefits paid to  current  members  if  all
 assumptions are met, including future service accrual and pay increases.
 Future new hires are not included in this present value.
 
          INITIAL INCREASE (DECREASE) IN ACTUARIAL PRESENT VALUES
                    as of June 30, 2025 ($ in Millions)
 
              Present Value (PV)                   NYC
              (1)PV of Employer Contributions:   261.2
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              (2)PV of Employee Contributions:     0.7
              Total PV of Benefits (1)+(2):      261.9
 
   UNFUNDED  ACCRUED  LIABILITY  (UAL): Actuarial Accrued Liabilities are
 the portion of the Present Value of Benefits allocated to past  service.
 Changes  in UAL were amortized over the expected remaining working life-
 time of those impacted using level dollar payments.
 
                AMORTIZATION OF UNFUNDED ACCRUED LIABILITY
                                                   NYC
              Increase (Decrease) in UAL:        244.3M
              Number of Payments:                  15
              Amortization Payment:               27.7M
 
   CENSUS DATA: The estimates presented herein are based  on  preliminary
 census data collected as of June 30, 2025 and was supplemented with data
 previously  provided  by  the  Police Benevolent Association. The census
 data for the impacted population is summarized below.

                                                   POLICE
              Active Members
              - Number Count:                      3,159
              - Average Age:                       33.2
              - Average Current Uniform Service:   5.3
              - Average Additional Service:        2.6
              - Average Salary:                    117,100
 
   For the purposes of this Fiscal Note, and due to a lack of  sufficient
 data,  it  was assumed that service earned under the eligible titles was
 immediately preceding such members' POLICE service and  would  therefore
 be eligible for credit under the proposed legislation.
   IMPACT  ON MEMBER BENEFITS AND CONTRIBUTIONS: To receive service cred-
 it, eligible POLICE members will need to transfer or pay the  applicable
 member contributions that would have otherwise been required.
   Prior  service  may  be  used  to determine the initial date of POLICE
 membership for plan or tier eligibility and would  be  included  in  the
 minimum service required for eligibility and payment of retirement bene-
 fits.
   ASSUMPTIONS  AND  METHODS:  The  estimates  presented herein have been
 calculated based on the Revised 2021 Actuarial Assumptions  and  Methods
 of the impacted retirement systems. In addition:
   *  New  entrants were assumed to replace exiting members so that total
 payroll increases by 3% each year for impacted groups. New entrant demo-
 graphics were developed based on data for recent new hires and actuarial
 judgement.
   * Each year, 10% of new entrants are assumed to purchase an average of
 2.0 years of prior service. For the purposes of this  Fiscal  Note,  new
 entrant  costs  have  been  shown assuming that the entirety of the cost
 would be funded via normal cost.
   To determine the impact of the elective nature of the proposed  legis-
 lation,  a  subgroup  of  eligible members was developed based on who is
 assumed to benefit actuarially by comparing the  net  present  value  of
 future  employer  costs  of  each  member's benefit before and after the
 assumed transfer or purchase of eligible non-uniformed service.
   RISK AND UNCERTAINTY: The costs presented in this Fiscal  Note  depend
 highly  on  the  actuarial  assumptions, methods, and models used, demo-
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 graphics of the impacted population, and other factors such  as  invest-
 ment,  contribution, and other risks. If actual experience deviates from
 actuarial  assumptions,  the  actual  costs  could  differ  from   those
 presented  herein.  Quantifying  these risks is beyond the scope of this
 Fiscal Note.
   This Fiscal Note is intended to measure  pension-related  impacts  and
 does  not  include other potential costs (e.g., administrative and Other
 Postemployment Benefits).  This Fiscal Note does not reflect any chapter
 laws that may have been enacted during the current legislative session.
   STATEMENT OF ACTUARIAL OPINION: Marek Tyszkiewicz and Gregory Zelikov-
 sky are members of the Society of Actuaries and the American Academy  of
 Actuaries.  We  are members of NYCERS, but do not believe it impairs our
 objectivity, and we meet the Qualification  Standards  of  the  American
 Academy  of  Actuaries to render the actuarial opinion contained herein.
 To the best of our knowledge, the results  contained  herein  have  been
 prepared  in accordance with generally accepted actuarial principles and
 procedures and with the Actuarial Standards of Practice  issued  by  the
 Actuarial Standards Board.
   FISCAL  NOTE  IDENTIFICATION:  This Fiscal Note 2026-17 dated February
 20, 2026 was prepared by the Chief Actuary for the New York City Retire-
 ment Systems and Pension Funds and is intended for use only  during  the
 2026 Legislative Session.