New York S 8123: Creates a school budget tax cap exemption for expenditures resulting from settlements or jury awards under the child victims act

Bill Text

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S08123 Summary:

BILL NOS08123 

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SAME ASNo Same As

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SPONSORGOUNARDES

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COSPNSR

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MLTSPNSR

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Amd §§605 & 507, R & SS L; amd §13-550, NYC Ad Cd

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Provides that members of the New York city teachers' retirement system with an active membership at the time, who participated in World Trade Center rescue, recovery or cleanup operations, and who are determined to have incurred a qualifying condition, be paid a duty disability retirement allowance equal to three-quarters of final average salary.

Go to top S08123 Actions:

BILL NOS08123 

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05/15/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

Go to topS08123 Committee&nbspVotes:

Go to topS08123 Floor&nbspVotes:

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

Go to topS08123 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8123

 2025-2026 Regular Sessions

 IN SENATE

 May 15, 2025
 ___________

 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions

 AN ACT to amend the retirement and social security law and the adminis-
 trative code of the city of New York, in relation to disability
 retirement benefits for certain participants in World Trade Center
 rescue, recovery, or cleanup operations

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

 1 Section 1. Paragraph 4 of subdivision d of section 605 of the retire-
 2 ment and social security law, as added by chapter 252 of the laws of
 3 2019, is amended to read as follows:
 4 4. Notwithstanding any other law, rule or regulation to the contrary,
 5 any member who had an active membership in the New York state and local
 6 employees' retirement system [or], the New York state teachers' retire-
 7 ment system or the New York city teachers' retirement system, when such
 8 member participated in World Trade Center rescue, recovery, or cleanup
 9 operations, as such participation is defined in section two of this
 10 chapter, who incurred a qualifying World Trade Center condition, as
 11 defined in section two of this chapter, that is determined to have been
 12 incurred in the performance and discharge of duty and is the natural and
 13 proximate result of an accident not caused by such member's own willful
 14 negligence, shall be paid a performance of duty disability retirement
 15 allowance equal to three-quarters of final average salary. The payment
 16 of such pension shall be subject to the provisions of section sixty-four
 17 of this chapter.
 18 § 2. Subdivision h-1 of section 507 of the retirement and social secu-
 19 rity law, as added by chapter 252 of the laws of 2019, is amended to
 20 read as follows:
 21 h-1. Notwithstanding any other law, rule or regulation to the contra-
 22 ry, any member who had an active membership in the New York state and
 23 local employees' retirement system [or], the New York state teachers'

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07832-01-5

 S. 8123 2

 1 retirement system or the New York city teachers' retirement system, when
 2 such member participated in World Trade Center rescue, recovery, or
 3 cleanup operations, as such participation is defined in section two of
 4 this chapter, who incurred a qualifying World Trade Center condition, as
 5 defined in section two of this chapter, that is determined to have been
 6 incurred in the performance and discharge of duty and is the natural and
 7 proximate result of an accident not caused by such member's own willful
 8 negligence, shall be paid a performance of duty disability retirement
 9 allowance equal to three-quarters of final average salary. The payment
 10 of such pension shall be subject to the provisions of section sixty-four
 11 of this chapter.
 12 § 3. Section 13-550 of the administrative code of the city of New York
 13 is amended by adding a new subdivision d-1 to read as follows:
 14 d-1. Any member who satisfies the requirements of subdivision a of
 15 this section and who participated in World Trade Center rescue, recov-
 16 ery, or cleanup operations during the time of membership, who