New York S 9254: Relates to mandatory contributions for members in the optional retirement program

Bill Text

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S09254 Summary:

BILL NOS09254 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§392 & 6252, Ed L

&nbsp

Provides certain members of the optional retirement program with an additional three percent statutory state contribution for the members of the optional retirement program for employees of both the State University of New York and the City University of New York.

Go to top S09254 Actions:

BILL NOS09254 

&nbsp

02/18/2026REFERRED TO HIGHER EDUCATION

Go to topS09254 Committee&nbspVotes:

Go to topS09254 Floor&nbspVotes:

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

Go to topS09254 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9254

 IN SENATE

 February 18, 2026
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Higher Education

 AN ACT to amend the education law, in relation to mandatory contrib-
 utions for members in the optional retirement program

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

 1 Section 1. Subdivision 2 of section 392 of the education law is
 2 amended by adding a new paragraph (e) to read as follows:
 3 (e) Notwithstanding any other law to the contrary, (1) on and after
 4 April first, two thousand twenty-six, for any electing employee who is
 5 subject to paragraph (d) of this subdivision, the state shall contribute
 6 an additional one percent of the employee contribution pursuant to the
 7 provisions of this section on behalf of such employee; and (2) on and
 8 after April first, two thousand twenty-seven, for any electing employee
 9 who is subject to paragraph (d) of this subdivision, the state shall
 10 contribute an additional one percent of the employee contribution pursu-
 11 ant to the provisions of this section on behalf of such employee; and
 12 (3) on and after April first, two thousand twenty-eight, for any elect-
 13 ing employee who is subject to paragraph (d) of this subdivision, the
 14 state shall contribute an additional one percent of the employee
 15 contribution pursuant to the provisions of this section on behalf of
 16 such employee.
 17 § 2. Subdivision 2 of section 6252 of the education law is amended by
 18 adding a new paragraph (e) to read as follows:
 19 (e) Notwithstanding any other law to the contrary, (1) on and after
 20 April first, two thousand twenty-six, for any electing employee who is
 21 subject to paragraph (d) of this subdivision, the state shall contribute
 22 an additional one percent of the employee contribution pursuant to the
 23 provisions of this section on behalf of such employee; and (2) on and
 24 after April first, two thousand twenty-seven, for any electing employee
 25 who is subject to paragraph (d) of this subdivision, the state shall
 26 contribute an additional one percent of the employee contribution pursu-
 27 ant to the provisions of this section on behalf of such employee; and
 28 (3) on and after April first, two thousand twenty-eight, for any elect-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14698-01-6

 S. 9254 2

 1 ing employee who is subject to paragraph (d) of this subdivision, the
 2 state shall contribute an additional one percent of the employee
 3 contribution pursuant to the provisions of this section on behalf of
 4 such employee.
 5 § 3. The contribution provided for in sections one and two of this act
 6 by the state and city of New York shall be provided outside the operat-
 7 ing budget of the city university of New York from the state fringe
 8 benefit fund and the New York city pension budget for the senior and
 9 community colleges, respectively.
 10 § 4. This act shall take effect immediately.

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