Senate Bill S2722A

There are numerous versions of an early retirement incentive circulating through New York State Legislature.  The Senate Bill S2722A appears to have some of the most recent activity.  We support this concept as a mechanism to reduce costs in the citywide payroll budget and thus preventing layoffs down the road.  Details of the incentive would likely include a credit of 1-month for every year of city service.  

Other versions of the idea can be found by researching the following bills in the NYS Assembly: A 10595, A 10897, and A 11089.