The DEA, in conjunction with the LBA, CEA, and SBA, and in coordination with Assemblywoman Stacey Pfeffer Amato and NYS Senator Jessica Scarcella-Spanton, have introduced legislation to correct a pension inequity currently existing for our Tier II members hired after July 1, 2000. Tier II members, hired after July 1, 2000, may only have their pensions based on their last 12 months of service. Tier II members hired before July 1, 2000, have the option of having their final average salary based on their last 12 months of service, or a three-year average from their highest-earning years, whichever is greater. Although the bill to correct this inequity has been introduced in Albany, it still requires the NYC Actuary to issue a fiscal note outlining the cost to the City. During the week of April 17th, we were able to get the fiscal note expeditiously processed by the Actuary and it is now at the City Council awaiting a “Home Rule Message” vote. This is the most important step in the process. In order for this legislation to be successful, a “Home Rule Message” must be attached and forwarded to Albany. To bolster the possibility of this legislation successfully being passed, we need members to contact their New York City Councilmember to support this bill. You can view NYS Assembly bill A.6403, titled “Relates to the determination of salary base for members of the New York City Police Pension Fund” at —
https://www.nysenate.gov/legislation/bills/2023/A6403
In addition to calling or writing your City Councilmember, when you click on the link, on the right side of the page, there is also a poll you can participate in to support this bill and subscribe to follow its progress. To date, the NYC Council has not moved on this bill.
