Allows for certain members of a public retirement system of the state to receive credit for military service

Summary

The bill adds a new rule that lets members of New York’s public retirement system who retired on or before May 31, 2016 apply for military service credit if they file by Dec 31, 2026. The credit only affects future pension payments and requires the member to pay a calculated amount based on their years of service and recent salary. It aims to give eligible retirees a way to recognize their military time without providing retroactive payouts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share