Relates to calculating certain pensions

This bill increases the pension calculation for certain New York state and local government employees who joined after April 1, 2012, with 20 or more years of service. It raises the base percentage used to calculate retirement benefits from 35% to 40% of their final average salary, plus an additional 1/50th of that salary for each year of service beyond 20 years (up to 30 years total). The change directly affects new members of the New York State and Local Employees' Retirement System who meet these service and membership criteria. The law takes effect immediately upon enactment.