3/4s Benefit Equalized for Tier 3 Members

On Tuesday, April 11, 2017, Governor Cuomo signed the legislation giving Tier 3 members a three-quarters disability benefit equal to Tier 2 Officers. The bill parallels the recently enacted Tier 3 fix for Firefighters, including doing away with the Social Security offset.

 

All Tier 3 members should expect written communication from the Police Pension Fund regarding the changes and the election form to “opt-in” to the enhanced benefit. The PPF’s plan is to create a new fact sheet handout that will also be on the PPF’s website at –

www.nyc.gov/html/nycppf/html/home/home.shtml

 

By Friday, April 21, 2017, the PPF will begin releasing educational information for effected members. This includes a video explaining the new enhancements that will also be uploaded to the Police Pension Fund website, and possibly distributed via the Department Intranet and through Smartphone devices. The “opt-in” Election Forms will be sent to effected members at the addresses they have on file with the PD by May 1, 2017. The forms will also be made available for downloading from the PPF website. The Department also plans to use their Facebook page, email, and other forms of communication to distribute the information.

 

You can also connect to the PPF’s website from the DEA’s homepage.