New York S 7783: Relates to providing increases of cost-of-living adjustments

Bill Text

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S07783 Summary:

BILL NOS07783A

&nbsp

SAME ASNo Same As

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRHARCKHAM

&nbsp

MLTSPNSR

&nbsp

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

&nbsp

Provides increases of cost-of-living adjustments for public retirees; allows increases of up to five percent.

Go to top S07783 Actions:

BILL NOS07783A

&nbsp

05/06/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

05/13/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

05/13/2026PRINT NUMBER 7783A

Go to topS07783 Committee&nbspVotes:

Go to topS07783 Floor&nbspVotes:

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

Go to topS07783 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7783--A

 2025-2026 Regular Sessions

 IN SENATE

 May 6, 2025
 ___________

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

 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 d 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 d. The percentage referred to in this section shall be determined
 5 annually by reference to the consumer price index (all urban consumers,
 6 CPI-U, U.S. city average, all items, 1982-84=100), published by the
 7 United States bureau of labor statistics, for each applicable calendar
 8 year. Said percentage shall equal fifty percent of the annual inflation,
 9 as determined from the increase in the consumer price index in the one
 10 year period ending on the March thirty-first prior to the cost-of-living
 11 adjustment effective on the ensuing September first. Said percentage
 12 shall then be rounded up to the next higher one-tenth of one percent and
 13 shall not exceed three percent nor be less than one percent and effec-
 14 tive the first day of September, two thousand twenty-eight, shall not
 15 exceed five percent nor be less than one percent.
 16 § 2. Subdivision d of section 378-a of the retirement and social secu-
 17 rity law, as added by chapter 125 of the laws of 2000, is amended to
 18 read as follows:
 19 d. The percentage referred to in this section shall be determined
 20 annually by reference to the consumer price index (all urban consumers,

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD08218-06-6

 S. 7783--A 2

 1 CPI-U, U.S. city average, all items, 1982-84=100), published by the
 2 United States bureau of labor statistics, for each applicable calendar
 3 year. Said percentage shall equal fifty percent of the annual inflation,
 4 as determined from the increase in the consumer price index in the one
 5 year period ending on the March thirty-first prior to the cost-of-living
 6 adjustment effective on the ensuing September first. Said percentage
 7 shall then be rounded up to the next higher one-tenth of one percent and
 8 shall not exceed three percent nor be less than one percent and effec-
 9 tive the first day of September, two thousand twenty-eight, shall not
 10 exceed five percent nor be less than one percent.
 11 § 3. Subdivision d of section 532-a of the education law, as added by
 12 chapter 125 of the laws of 2000, is amended to read as follows:
 13 d. The percentage referred to in this section shall be determined
 14 annually by reference to the consumer price index (all urban consumers,
 15 CPI-U, U.S. city average, all items, 1982-84=100), published by the
 16 United States bureau of labor statistics, for each applicable calendar
 17 year. Said percentage shall equal fifty percent of the annual inflation,
 18 as determined from the increase in the consumer price ind