New York A 7684: Provides temporary retirement incentive for certain public employees

Bill Text

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A07684 Summary:

BILL NOA07684 

&nbsp

SAME ASNo Same As

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SPONSORRamos

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COSPNSR

&nbsp

MLTSPNSRGibbs

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&nbsp

Establishes an age 55/25 temporary retirement incentive for certain public employees who are members of the teachers' retirement system.

Go to top A07684 Actions:

BILL NOA07684 

&nbsp

04/04/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA07684 Committee&nbspVotes:

Go to topA07684 Floor&nbspVotes:

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

Go to topA07684 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7684

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 4, 2025
 ___________

 Introduced by M. of A. RAMOS -- Multi-Sponsored by -- M. of A. GIBBS --
 read once and referred to the Committee on Governmental Employees

 AN ACT to provide a temporary retirement incentive for certain members
 of the New York state teachers' retirement system

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

 1 Section 1. This act enacts into law components of legislation that
 2 would establish an age 55/25 temporary retirement incentive for certain
 3 public employees.
 4 § 2. Legislative findings. The legislature finds and declares that the
 5 retirement benefit for certain public employees who are above age 55 and
 6 with 25 years of service provided for in this act is intended only to be
 7 temporary in nature for employees who are eligible to receive and quali-
 8 fy for the applicable benefit during the applicable time periods speci-
 9 fied in this act. Further, nothing in this act shall be construed to
 10 create an expectation of a future or continuing retirement benefit for
 11 any public employee who is not eligible to receive and qualify for the
 12 retirement benefits herein during the applicable time periods.
 13 § 3. Definitions. As used in this act, unless the context clearly
 14 requires otherwise:
 15 (a) "Retirement system" means the New York state teachers' retirement
 16 system.
 17 (b) "Teachers' retirement system" means the New York state teachers'
 18 retirement system.
 19 (c) "Educational employer" means a participating employer which is a
 20 school district, a board of cooperative educational services, a voca-
 21 tional education and extension board, an institution for the instruction
 22 of the deaf and of the blind as enumerated in section 4201 of the educa-
 23 tion law, or a school district as enumerated in section 1 of chapter 566
 24 of the laws of 1967, as amended.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD05113-02-5

 A. 7684 2

 1 (d) "Eligible employee" means a person who is a member of the teach-
 2 ers' retirement system, who is an employee of an educational employer,
 3 who holds a position represented by the recognized collective bargaining
 4 units affiliated with the New York state united teachers employee organ-
 5 ization as certified by their employer, and who has attained the age of
 6 55 and has at least 25 years of creditable service in the retirement
 7 system. For the purposes of this act, the term "eligible employee"
 8 shall be deemed to include building level administrators, including, but
 9 not limited to, principals and assistant principals.
 10 (e) "Active service" means service while being paid on the payroll,
 11 provided that (i) a leave of absence with pay shall be deemed active
 12 service; (ii) other approved leave without pay not to exceed twelve
 13 weeks from March 1, 2026 and the commencement of the designated open
 14 period; and (iii) the period of time subsequent to the June 2026 school
 15 term and on or before August 31, 2026 for a teacher (or other employee
 16 as defined in this act, employed on a school-year basis) who is other-
 17 wise in active service on the effective date of this act shall be deemed
 18 active service.
 19 (f) "Open period" means the period beginning with the commencement
 20 date as defined in subdivision (g) of this section and shall be 60 days
 21 in length. For educational employers who make election after June 30,
 22 2026, the open period shall begin immediately after such election, and
 23 shall not extend b