New York S 8023: Provides for cost of living adjustments for certain retirees

Bill Text

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S08023 Summary:

BILL NOS08023B

&nbsp

SAME ASNo Same As

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SPONSORJACKSON

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COSPNSR

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MLTSPNSR

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Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

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Decreases the time period before certain retirees receive a cost of living adjustment to their benefits.

Go to top S08023 Actions:

BILL NOS08023B

&nbsp

05/15/2025REFERRED TO CIVIL SERVICE AND PENSIONS

11/03/2025AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

11/03/2025PRINT NUMBER 8023A

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

05/07/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

05/07/2026PRINT NUMBER 8023B

Go to topS08023 Committee&nbspVotes:

Go to topS08023 Floor&nbspVotes:

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

Go to topS08023 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8023--B

 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
 -- committee discharged, bill amended, ordered reprinted as amended
 and recommitted to said committee -- recommitted to the Committee on
 Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the retirement and social security law, the education
 law and the administrative code of the city of New York, in relation
 to cost of living adjustments for certain retirees

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

 1 Section 1. Subdivision a of section 78-a of the retirement and social
 2 security law, as added by chapter 125 of the laws of 2000, is amended to
 3 read as follows:
 4 a. A cost-of-living adjustment shall be payable on the basis provided
 5 for in this section to: (i) all pensioners who have attained age sixty-
 6 two and have been retired for [five] two years; (ii) all pensioners who
 7 have attained age fifty-five and have been retired for [ten] five years;
 8 (iii) all disability pensioners regardless of age who have been retired
 9 for [five] two years; and (iv) all recipients of an accidental death
 10 benefit regardless of age who have been receiving such benefit for
 11 [five] two years.
 12 § 2. Subdivision a of section 378-a of the retirement and social secu-
 13 rity law, as added by chapter 125 of the laws of 2000, is amended to
 14 read as follows:
 15 a. A cost-of-living adjustment shall be payable on the basis provided
 16 for in this section to: (i) all pensioners who have attained age sixty-
 17 two and have been retired for [five] two years; (ii) all pensioners who
 18 have attained age fifty-five and have been retired for [ten] five years;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11191-04-6

 S. 8023--B 2

 1 and (iii) all disability pensioners regardless of age who have been
 2 retired for [five] two years.
 3 § 3. Subdivision a of section 532-a of the education law, as added by
 4 chapter 125 of the laws of 2000, is amended to read as follows:
 5 a. A cost-of-living adjustment shall be payable on the basis provided
 6 for in this section to: (i) all pensioners who have attained age sixty-
 7 two and have been retired for [five] two years; (ii) all pensioners who
 8 have attained age fifty-five and have been retired for [ten] five years;
 9 (iii) all disability pensioners regardless of age who have been retired
 10 for [five] two years; and (iv) all recipients of an accidental death
 11 benefit regardless of age who have been receiving such benefit for
 12 [five] two years.
 13 § 4. Subdivision a of section 13-696 of the administrative code of the
 14 city of New York, as amended by chapter 288 of the laws of 2001, is
 15 amended to read as follows:
 16 a. A cost-of-living adjustment shall be payable to retired members of
 17 the New York city employees' retirement system, the New York city teach-
 18 ers' retirement system, the New York city police pension fund, the New
 19 York city fire department pension fund, the New York city board of
 20 education retirement sy