Relates to calculating certain pensions

This bill (S 6638) increases the pension calculation percentage for certain New York state and local government employees from 35% to 40% of their final average salary. It directly affects members of the New York State and Local Employees' Retirement System who joined on or after April 1, 2012, and have at least 20 years of service at retirement. The key change modifies existing pension formulas to provide a higher benefit amount for these employees, specifically raising the percentage used in calculating their retirement income. The policy change applies to those retiring at age 63 or older with 20+ years of service, without altering retirement age requirements.