New York A 10108: Provides a cost-of-living adjustment for members of retirement systems

Bill Text

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A10108 Summary:

BILL NOA10108 

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SAME ASNo Same As

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SPONSORSteck

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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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Provides a cost-of-living adjustment for members of retirement systems by increasing the base benefit amount for computation to $21,000.

Go to top A10108 Actions:

BILL NOA10108 

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02/02/2026referred to governmental employees

Go to topA10108 Committee&nbspVotes:

Go to topA10108 Floor&nbspVotes:

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

Go to topA10108 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10108

 IN ASSEMBLY

 February 2, 2026
 ___________

 Introduced by M. of A. STECK -- read once and referred to the Committee
 on Governmental Employees

 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 providing 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. Subdivision c 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 c. Said cost-of-living adjustment shall be computed on a base benefit
 5 amount not to exceed eighteen thousand dollars of the annual retirement
 6 allowance defined in subdivision b of this section. Effective on the
 7 first day of September, two thousand twenty-six, said cost-of-living
 8 adjustment shall be computed on a base benefit amount not to exceed
 9 twenty-one thousand dollars of the annual retirement allowance defined
 10 in subdivision b of this section.
 11 § 2. Subdivision c of section 378-a of the retirement and social secu-
 12 rity law, as added by chapter 125 of the laws of 2000, is amended to
 13 read as follows:
 14 c. Said cost-of-living adjustment shall be computed on a base benefit
 15 amount not to exceed eighteen thousand dollars of the annual retirement
 16 allowance defined in subdivision b of this section. Effective on the
 17 first day of September, two thousand twenty-six, said cost-of-living
 18 adjustment shall be computed on a base benefit amount not to exceed
 19 twenty-one thousand dollars of the annual retirement allowance defined
 20 in subdivision b of this section.
 21 § 3. Subdivision c of section 532-a of the education law, as added by
 22 chapter 125 of the laws of 2000, is amended to read as follows:
 23 c. Said cost-of-living adjustment shall be computed on a base benefit
 24 amount not to exceed eighteen thousand dollars of the annual retirement
 25 allowance defined in subdivision b of this section. Effective on the
 26 first day of September, two thousand twenty-six, said cost-of-living
 27 adjustment shall be computed on a base benefit amount not to exceed

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01112-02-6

 A. 10108 2

 1 twenty-one thousand dollars of the annual retirement allowance defined
 2 in subdivision b of this section.
 3 § 4. Subdivision c of section 13-696 of the administrative code of the
 4 city of New York, as added by chapter 125 of the laws of 2000, is
 5 amended to read as follows:
 6 c. Said cost-of-living adjustment shall be computed on a base benefit
 7 amount not to exceed eighteen thousand dollars of the annual fixed
 8 retirement allowance defined in subdivision b of this section. Effec-
 9 tive on the first day of September, two thousand twenty-six, said cost-
 10 of-living adjustment shall be computed on a base benefit amount not to
 11 exceed twenty-one thousand dollars of the annual retirement allowance
 12 defined in subdivision b of this section.
 13 § 5. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 Bill Description: This fiscal note is prepared for legislative bill
 draft #01112-01-5. This bill would amend subdivision c of Section 532-a
 of the Retirement and Social Security Law to apply the cost-of-living
 adjustment (COLA) percentage to a base benefit amount not to exceed
 $21,000 of annual retirement benefit. The current cap on the annual base
 benefit amount for COLA purp