New York A 8370: Relates to retirement benefits for certain employees

Bill Text

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A08370 Summary:

BILL NOA08370A

&nbsp

SAME ASSAME AS S07755-A

&nbsp

SPONSORPheffer Amato

&nbsp

COSPNSRCashman

&nbsp

MLTSPNSR

&nbsp

Amd §700, R & SS L

&nbsp

Relates to the election of retirement benefits for certain members of the New York state and local employees' retirement system who are employed by the office of mental health.

Go to top A08370 Actions:

BILL NOA08370A

&nbsp

05/13/2025referred to governmental employees

01/07/2026referred to governmental employees

01/15/2026amend and recommit to governmental employees

01/15/2026print number 8370a

Go to topA08370 Committee&nbspVotes:

Go to topA08370 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08370 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8370--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 May 13, 2025
 ___________

 Introduced by M. of A. PHEFFER AMATO -- read once and referred to the
 Committee on Governmental Employees -- recommitted to the Committee on
 Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the retirement and social security law, in relation to
 retirement benefits for certain employees; and providing for the
 repeal of such provisions upon expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision c of section 700 of the retirement and social
 2 security law, as added by chapter 578 of the laws of 1989, is amended to
 3 read as follows:
 4 c. Such election shall be in writing, shall be duly executed and filed
 5 with the comptroller and, subject to the provisions of subdivision d of
 6 this section, shall be irrevocable as long as such member is in a title
 7 defined in subdivision i of section eighty-nine of this chapter. The
 8 election shall be filed on or before December thirty-first, nineteen
 9 hundred eighty-nine or within one year after such person becomes
 10 employed in such title, whichever date is later.
 11 § 2. Section 700 of the retirement and social security law is amended
 12 by adding a new subdivision d to read as follows:
 13 d. Notwithstanding any provision of law to the contrary, a member
 14 employed by the office of mental health holding the title of security
 15 hospital treatment assistant, senior security hospital treatment assist-
 16 ant, security hospital treatment assistant Spanish language, security
 17 hospital senior treatment assistant Spanish language, security hospital
 18 treatment assistant supervisor or security hospital treatment assistant
 19 chief, shall be entitled to file an election to become subject to the
 20 provisions of article fourteen or article fifteen of this chapter, in
 21 its entirety, and shall be subject to none of the provisions of the

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11225-06-6

 A. 8370--A 2

 1 article not selected by the member. Such election shall be in writing,
 2 shall be duly executed and filed with the comptroller and shall be irre-
 3 vocable.
 4 § 3. This act shall take effect on the thirtieth day after it shall
 5 have become a law and shall expire and be deemed repealed on the one
 6 hundred eightieth day after it shall have become a law.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow security hospital treatment assistants (SHTA)
 employed by the state of New York Office of Mental Health, to change
 retirement plans in New York State and Local Employees' Retirement
 System. Members could choose to switch between an Age-55 plan and a
 25-year service plan. The choice is irrevocable. Currently, this choice
 is only allowed during the first year of employment in the SHTA title.
 We estimate that the state of New York's annual contributions will
 increase $1.7 million beginning FYE 2027. Annual costs will vary but are
 expected to average 1.7% of salary.
 In addition, there will be an immediate past service cost of $22.7
 million borne by the state of New York as a one-time payment. This cost
 assumes that payment will be made on March 1, 2027.
 These estimated costs