New York A 7480: Authorizes the transfer of memberships for certain members of the New York state and local police and fire retirement system to the New York state and local employees' retirement system

Bill Text

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A07480 Summary:

BILL NOA07480 

&nbsp

SAME ASNo Same As

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Amd Part M §10, Chap 57 of 2005

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Grants a special apportionment to school districts having a population of between 195,000 and 219,000, for additional expenses incurred in the 2023-2024 and 2024-2025 school years associated with changes in public pension liabilities.

Go to top A07480 Actions:

BILL NOA07480 

&nbsp

03/28/2025referred to education

01/07/2026referred to education

Go to topA07480 Committee&nbspVotes:

Go to topA07480 Floor&nbspVotes:

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

Go to topA07480 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7480

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 28, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Education

 AN ACT to amend part M of chapter 57 of the laws of 2005, amending the
 education law relating to providing for school budget revote, in
 relation to a special apportionment for public pension accruals

 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 10 of part M of chapter 57 of the
 2 laws of 2005, amending the education law relating to providing for
 3 school budget revote, is amended to read as follows:
 4 a. Notwithstanding any other provision of law, (1) upon application
 5 to the commissioner of education, not later than June 30, 2005, a school
 6 district eligible for an apportionment pursuant to section 3602 of the
 7 education law shall be eligible to receive an apportionment pursuant to
 8 this section, for the school year ending June 30, 2005, and such appor-
 9 tionment shall not exceed the additional accruals required to be made by
 10 school districts in the 2004-2005 school year associated with changes in
 11 accounting methodologies for liabilities for employer and employee
 12 contributions due and payable to a public retirement system, and (2)
 13 upon application to the commissioner of education, not later than June
 14 30, 2006, a school district eligible for an apportionment pursuant to
 15 section 3602 of the education law shall be eligible to receive an appor-
 16 tionment pursuant to this section, for the school year ending June 30,
 17 2006, and such apportionment shall not exceed the additional accruals
 18 required to be made by school districts in the 2004-05 or 2005-06
 19 school years associated with changes in accounting methodologies for
 20 such public pension liabilities and/or (3) for school districts with a
 21 population in excess of one hundred ninety-five thousand inhabitants and
 22 less than two hundred nineteen thousand inhabitants according to the
 23 latest federal census, upon application to the commissioner of educa-
 24 tion, not later than June 30, 2025, a school district eligible for an

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10710-01-5

 A. 7480 2

 1 apportionment pursuant to section 3602 of the education law shall be
 2 eligible to receive an apportionment pursuant to this section, for the
 3 school year ending June 30, 2025, and such apportionment shall not
 4 exceed the additional accruals required to be made by such district in
 5 both the 2023-2024 and 2024-2025 school years associated with changes in
 6 public pension liabilities. The amount of such additional accrual shall
 7 be certified to the commissioner of education by the president of the
 8 board of education or the trustees or, in the case of a city school
 9 district in a city with a population in excess of one hundred twenty-
 10 five thousand inhabitants, the mayor of such city. Such application
 11 shall be made by a school district, after the board of education or
 12 trustees have adopted a resolution to do so and in the case of a city
 13 school district in a city with a population in excess of one hundred
 14 twenty-five thousand inhabitants, with the approval of the mayor of such
 15 city.
 16 § 2. This act shall take effect April 1, 2025; provided that if this
 17 act shall become a law after such date, it shall take effect immediately
 18 and shall be d