Provides for the transfer of service credit by a member of the New York city police pension fund into the New York city police pension fund.

This bill aimed to allow members of the New York City Police Pension Fund to transfer their service credit within the same pension fund. Essentially, it would have made it easier for police officers to manage their retirement benefits by consolidating their service time. However, the bill was ultimately vetoed.

Supporters of the bill would argue that it provides necessary flexibility for police officers to better manage their retirement plans. They would emphasize that allowing the transfer of service credit could lead to improved morale among officers, as it acknowledges their commitment and service to the city.

Critics might contend that the bill could create complexities within the pension fund and lead to potential financial implications. They may also argue that it could set a precedent for other public service employees seeking similar benefits, complicating pension management further.