Chapter 552 of the Laws 2000
Members of the Cadet Corps, past or present, may make application to buy back any prior Cadet Service in any retirement system in which they are currently enrolled.
Tier 2 Members of the Police Pension Fund may purchase prior Cadet Service, but the Cadet Service is not uniform time and does not count toward the eligibility requirements for Vesting or Service Retirement. The prior service would, however, provide an additional monetary benefit upon retirement.
Tier 3 Members of the PPF may utilize Chapter 552 to purchase any prior service, including Cadet Service rendered after May 31, 1988, but there is no monetary benefit to doing so. The only benefit of buying back prior service under this provision is to meet the eligibility requirements necessary for Ordinary Disability Benefits and Ordinary Death Benefits, which require 5 years of service credit and 90 days of service credit, respectively.
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ALERT FOR TIER 3 MEMBERS WITH PRIOR CITY OR STATE SERVICE
New York City Police Officers appointed on or after July 1, 2009 are members of the Tier 3 retirement plan. Effective immediately, the legal interpretation regarding the Transfer of Prior Service has been revised by the Corporation Counsel’s Office. Anyone with prior City or State service who has an appointment date or membership date prior to July 1, 2009 and properly transfers that service to the Police Pension Fund will become Tier 2 members of the PPF.
However, there still may not be a benefit to purchasing or transferring service that did not commence prior to July 1, 2009. Members with prior City or State service are welcome to contact the Fund for advice or with questions. Please direct written correspondence to the New York City Police Pension Fund, attention Membership Services, 233 Broadway, 19th Floor, New York, New York 10279.