New York S 7670: Sets the increase to the overtime ceiling as a fixed percentage

Bill Text

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S07670 Summary:

BILL NOS07670A

&nbsp

SAME ASSAME AS A08352-A

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRRAMOS

&nbsp

MLTSPNSR

&nbsp

Amd §§501 & 601, R & SS L

&nbsp

Sets the increase to the overtime ceiling as a fixed percentage.

Go to top S07670 Actions:

BILL NOS07670A

&nbsp

04/28/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

01/09/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

01/09/2026PRINT NUMBER 7670A

Go to topS07670 Committee&nbspVotes:

Go to topS07670 Floor&nbspVotes:

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

Go to topS07670 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7670--A

 2025-2026 Regular Sessions

 IN SENATE

 April 28, 2025
 ___________

 Introduced by Sens. JACKSON, RAMOS -- 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, in relation to
 setting the increase to the overtime ceiling as a fixed percentage

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

 1 Section 1. Paragraph (c) of subdivision 24 of section 501 of the
 2 retirement and social security law, as amended by chapter 368 of the
 3 laws of 2017, is amended to read as follows:
 4 (c) [(i)] The "overtime ceiling" shall mean fifteen thousand dollars
 5 per annum on January first, two thousand ten, and shall be increased by
 6 three percent each year thereafter, provided, however, that [for]:
 7 (i) For members who first become members of the New York state and
 8 local employees' retirement system on or after April first, two thousand
 9 twelve, "overtime ceiling" shall mean fifteen thousand dollars per annum
 10 on April first, two thousand twelve, and shall be increased each year
 11 thereafter by a percentage to be determined annually by reference to the
 12 consumer price index (all urban consumers, CPI-U, U.S. city average, all
 13 items, 1982-84=100), published by the United States bureau of labor
 14 statistics, for each applicable calendar year. Said percentage shall
 15 equal the annual inflation as determined from the increase in the
 16 consumer price index in the one year period ending on the December thir-
 17 ty-first preceding the overtime ceiling adjustment effective on the
 18 ensuing April first.
 19 (ii) Commencing January first, two thousand eighteen, and each year
 20 thereafter, the overtime ceiling percentage shall be increased by an
 21 amount equal to the annual inflation as determined from the increase in

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11208-05-6

 S. 7670--A 2

 1 the consumer price index in the one year period ending on the September
 2 thirtieth prior to the overtime ceiling adjustment effective on the
 3 ensuing January first.
 4 (iii) Commencing January first, two thousand twenty-seven, and each
 5 year thereafter, for members who first become members of the New York
 6 state and local employees' retirement system on or after April first,
 7 two thousand twelve, the overtime ceiling percentage increase shall be
 8 equal to the greater of: (A) three percent, or (B) the annual inflation
 9 as determined from the increase in the consumer price index in the one
 10 year period ending on the September thirtieth prior to the overtime
 11 ceiling adjustment effective on the ensuing January first.
 12 § 2. Paragraph (c) of subdivision l of section 601 of the retirement
 13 and social security law, as amended by chapter 368 of the laws of 2017,
 14 is amended to read as follows:
 15 (c) The "overtime ceiling" shall mean fifteen thousand dollars per
 16 annum on January first, two thousand ten, and shall be increased by
 17 three [per cent] percent each year thereafter, provided, however, that:
 18 (i) [for] For members who first become members of a public retirement
 19 system of the state on or after April first, two thousand twelve, "over-
 20 time ceiling" s