Relates to the determination of salary base for members of the New York city police pension fund

Summary

The bill changes how the salary base is calculated for Tier 2 members of the New York City Police Pension Fund who started on or after July 1 2000. It makes their salary base the greater of their final year earnings or the average of their best three consecutive years, just like for officers hired before that date. This could raise pension benefits and increase the city’s contribution costs.

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