Relates to the determination of salary base for members of the New York city police pension fund
What changed between versions
The projected increase in employer contributions for 2026 was removed entirely, and future years show a reduced impact (e.g., 2027 contribution impact dropped from $8.4M to $6.1M).
The actuarial present value of employer contributions decreased from $33.6 million to $21.6 million, indicating a lower estimated cost to the state.
The amortization of the unfunded liability was reduced from $28.5 million to $16.5 million, and the payment schedule was shortened from 5 years to 4 years.
The census data baseline was updated from June 30, 2024, to June 30, 2025, resulting in a smaller active member count (9,007 vs. 10,574) and slightly higher average age and salary.
The bill text was updated to include the co-sponsor's name and reflect the committee's discharge and recommitment status.
