New York S 8160: Relates to increasing the base benefit amount for computation of pension cost-of-living adjustments

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S08160 Summary:

BILL NOS08160 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRASHBY, MAYER

&nbsp

MLTSPNSR

&nbsp

Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L

&nbsp

Increases the base benefit amount for computation of pension cost-of-living adjustments.

Go to top S08160 Actions:

BILL NOS08160 

&nbsp

05/15/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS08160 Committee&nbspVotes:

Go to topS08160 Floor&nbspVotes:

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

Go to topS08160 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8160

 2025-2026 Regular Sessions

 IN SENATE

 May 15, 2025
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the retirement and social security law and the education
 law, in relation to increasing the base benefit amount for computation
 of pension cost-of-living adjustments

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

 1 Section 1. Subdivisions c and d of section 78-a of the retirement and
 2 social security law, as added by chapter 125 of the laws of 2000, are
 3 amended to read as follows:
 4 c. [Said] (i) In calendar years two thousand three through two thou-
 5 sand twenty-five, said cost-of-living adjustment shall be computed on a
 6 base benefit amount not to exceed eighteen thousand dollars of the annu-
 7 al retirement allowance defined in subdivision b of this section.
 8 (ii) In calendar year two thousand twenty-six and thereafter, said
 9 cost-of-living adjustment shall be computed on a base benefit amount not
 10 to exceed twenty-one thousand dollars of the annual retirement allowance
 11 defined in subdivision b of this section, except that effective on the
 12 first day of September, two thousand twenty-six, the cost-of-living
 13 adjustment shall be computed on a base benefit amount not to exceed
 14 twenty-one thousand dollars of the annual retirement allowance defined
 15 in subdivision b of this section.
 16 d. The percentage referred to in this section shall be determined
 17 annually by reference to the consumer price index (all urban consumers,
 18 CPI-U, U.S. city average, all items, 1982-84=100), published by the
 19 United States bureau of labor statistics, for each applicable calendar
 20 year. Said percentage shall equal fifty percent of the annual inflation,
 21 as determined from the increase in the consumer price index in the one
 22 year period ending on the March thirty-first prior to the cost-of-living
 23 adjustment effective on the ensuing September first. [Said] (i) In
 24 calendar years two thousand three through two thousand twenty-four, said

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11214-01-5

 S. 8160 2

 1 percentage shall equal one hundred percent of the annual inflation, as
 2 determined from the increase in the consumer price index in the one-year
 3 period ending on the March thirty-first prior to the cost-of-living
 4 adjustment effective on the next succeeding September first.
 5 (ii) In calendar year two thousand twenty-five and thereafter, said
 6 percentage shall then be rounded up to the next higher one-tenth of one
 7 percent and shall not exceed three percent nor be less than one percent,
 8 except that, commencing the first day of September, two thousand twen-
 9 ty-six, the cost-of-living adjustments paid between the first day of
 10 September, two thousand three and the first day of September, two thou-
 11 sand twenty-four shall equal one hundred percent of the annual
 12 inflation, as determined from the increase in the consumer price index
 13 in the one year period ending on the March thirty-first prior to the
 14 cost-of-living adjustment effective on the ensuing September first. Said
 15 percentage shall then be rounded up to the next higher one-tenth of one
 16 percent and shall not exceed three percent nor be less than one percent.
 17 § 2. Subdivisions c and d of section 378-a of the retirement and
 18 social security law, as added by chapter 125 of the laws of 2000,