New York A 9273: Relates to calculating certain pensions

Bill Text

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A09273 Summary:

BILL NOA09273B

&nbsp

SAME ASSAME AS S06638-B

&nbsp

SPONSORPheffer Amato

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§504, 604 & 1312, R & SS L

&nbsp

Relates to calculating certain pensions; increases pension calculation from thirty-five to forty per centum of final average salary.

Go to top A09273 Actions:

BILL NOA09273B

&nbsp

11/21/2025referred to governmental employees

01/07/2026referred to governmental employees

02/25/2026amend and recommit to governmental employees

02/25/2026print number 9273a

05/12/2026amend and recommit to governmental employees

05/12/2026print number 9273b

Go to topA09273 Committee&nbspVotes:

Go to topA09273 Floor&nbspVotes:

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

Go to topA09273 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9273--B

 2025-2026 Regular Sessions

 IN ASSEMBLY

 November 21, 2025
 ___________

 Introduced by M. of A. PHEFFER AMATO -- read once and referred to the
 Committee on Governmental Employees -- recommitted to the Committee on
 Governmental Employees in accordance with Assembly Rule 3, sec. 2 --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee -- again reported from said committee
 with amendments, ordered reprinted as amended and recommitted to said
 committee

 AN ACT to amend the retirement and social security law, in relation to
 calculating certain pensions

 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 504 of the retirement and social
 2 security law, as amended by chapter 18 of the laws of 2012, is amended
 3 to read as follows:
 4 a. The service retirement benefit for general members at normal
 5 retirement age with twenty or more years of credited service shall be a
 6 pension equal to one-fiftieth of final average salary times years of
 7 credited service, not in excess of thirty years, less fifty percent of
 8 the primary social security retirement benefit as provided in section
 9 five hundred eleven of this article. The service retirement benefit for
 10 general members at normal retirement age with twenty or more years of
 11 service who first become members of the New York state and local employ-
 12 ees' retirement system on or after April first, two thousand twelve at
 13 normal retirement age shall be a pension equal to the sum of [thirty-
 14 five] forty per centum and one-fiftieth of final average salary for each
 15 year of service in excess of twenty, but not in excess of thirty, times
 16 final average salary times years of credited service.
 17 § 2. Subdivisions a, b and b-1 of section 604 of the retirement and
 18 social security law, subdivision a as amended and subdivision b-1 as
 19 added by chapter 18 of the laws of 2012, subdivision b as amended by
 20 chapter 266 of the laws of 1998 and the opening paragraph of subdivision

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD06549-09-6

 A. 9273--B 2

 1 b as amended by section 8-b of part B of chapter 504 of the laws of
 2 2009, are amended to read as follows:
 3 a. The service retirement benefit at normal retirement age for a
 4 member with less than twenty years of credited service[, or less than
 5 twenty-five years credited service for a member who joins the New York
 6 state teachers' retirement system on or after January first, two thou-
 7 sand ten,] shall be a retirement allowance equal to one-sixtieth of
 8 final average salary times years of credited service. Normal retirement
 9 age for members who first become members of a public retirement system
 10 of the state on or after April first, two thousand twelve shall be age
 11 sixty-three.
 12 b. The service retirement benefit at normal retirement age for a
 13 member with twenty years or more of credited service[, or with twenty-
 14 five or more years credited service for a member who first joins the New
 15 York state teachers' retirement system on or after January first, two
 16 thousand ten,] shall be a retirement allowance equal to one-fiftieth of
 17 final average salary times years of credited service not in excess of
 18 thirty years.
 19 Credite