Notice to Members with pre-membership military service
Please be advised that on May 31, 2016 Governor Cuomo signed into law Chapter 41 of the Laws of 2016 which amends New York State Retirement and Social Security Law (“RSSL”) §1000. Chapter 41 removes the specified periods of time, medal requirements, and theaters of operation in which military service would have to have been rendered for a service purchase. Prospectively, members need only have been honorably discharged from the military to be eligible to purchase pre-membership service credit pursuant to RSSL §1000. This law is not retroactive and does not permit retired members to purchase service credit. For further information, click here.
NYPD Cancer Study
Recently, the eagerly awaited NYPD Medical Division's 20-year review of cancer within the Department, was published comparing the periods before and after the 9/11/01 WTC disaster. Our team of co-authors include highly regarded cancer and radiation epidemiologists and bio-statisticians from the Weill-Cornell Medical College and Columbia University/NY-Presbyterian Medical Center and its Mailman School of Public Health. To read the document click here.
Tier 3 Shortages
Tier 3 members may have noticed a shortage on their annual statement. While there are several ways to incur a shortage, a majority of members will see a shortage because the Fund is usually unable to capture contributions from the first paycheck. In April, the Fund will be auto-enrolling all Tier 3 members with a shortage of $20 or more in bi-weekly payroll deductions to remedy the shortage. Any member with a shortage may elect to make a lump sum payment by check or money order in lieu of salary deductions. Questions may be directed to Membership Services at (212) 693-5850.
Contract Settlements and Finalization
As most members are aware, the City has settled the contracts with the CEA, LBA, and DEA. Currently, there are approximately 5,700 retired members of the Police Pension Fund (PPF) that have not been finalized. The finalization process includes calculating pensionable earnings and adjusting retirement allowances based on the pay increases collectively bargained for in the union contracts. This process cannot begin until new payroll information is downloaded from the NYPD, at which point PPF can begin the calculations required for finalization. Members should expect to wait 12-18 months from the ratification of their respective contracts for the finalization process to be completed.
The settlement agreement reached between the City of New York and the United States Attorney’s Office in Goodman, et al. v. City of New York, et al. becomes effective March 17, 2014. At issue was the calculation of pensionable earnings for members on active duty military leaves from the NYPD. For more information regarding this settlement, please click here.