BILL NUMBER: S7843
SPONSOR: KAVANAGH
 
TITLE OF BILL:
An act to amend the retirement and social security law and the adminis-
trative code of the city of New York, in relation to the establishment
of twenty-five year retirement programs for members of the New York city
employees' retirement system employed as water supply police; and in
relation to providing for employer pick up, pursuant to provisions of
the internal revenue code, of certain additional member contributions
required to be made by certain participants in the twenty-five year
retirement programs; and providing for the repeal of certain provisions
upon expiration thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
To establish a twenty-five year retirement program for members of the
NYC Employees' retirement system employed as water supply police (NYC
DEP)
 
SUMMARY OF PROVISIONS:
This legislation would amend certain provisions of the retirement and
social security law and the administrative code of the city of New York,
and add to the retirement and social security law, sections 445-j and
604-j to establish a 25-year retirement program for tier 2, 4 and 6
members of the New York City Employees' Retirement System who are
employed in the title of Water Supply Police (WSP 25-Year Plan).
 
JUSTIFICATION:
The Water Supply Police are the law enforcement entity for the New York
City Department of Environmental Protection that is responsible for the
protection of the New York City water supply and the associated critical
infrastructure. New York City's water supply provides more than one
billion gallons of water each day to more than nine million residents.
This legislation looks to accomplish the goal of maintaining a Water
Supply Police force that corresponds to the demands of the job by
providing for a service retirement benefit upon obtaining 25 years of
any NYCERS credits service, including service as a New York City Water
Supply Police member.
 
PRIOR LEGISLATIVE HISTORY:
This is a new bill.
 
FISCAL IMPLICATIONS:
To be determined.
 
EFFECTIVE DATE:
This act shall take effect immediately, provided, however that: (a) The
amendments to subdivision a of section 603 of the retirement and social
security law made by section eleven of this act shall not affect the
expiration of such subdivision as provided in subdivision (b) of section
13 of chapter 682 of the laws of 2003, and shall expire therewith; (b)
The provisions of section six of this act shall remain in force and
effect only so long as, pursuant to federal law, contributions picked up
under section 613 of the retirement and social security law are not
includable as gross income of a member for federal income tax purposes
until distributed or made available to the member; and (c) The amend-
ments to provisions section 13-125.2 of the administrative code of the
city of New York made by sections seven, eight, nine and then of this
act shall not affect the expiration of such provisions as provided for
in chapter 681 of the laws of 1992, as amended.

Statutes affected:
S7843: 440 retirement and social security law, 440(b) retirement and social security law