New York S 7755: Relates to establishing a public housing construction and preservation fund for the city of New York

Bill Text

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S07755 Summary:

BILL NOS07755A

&nbsp

SAME ASSAME AS A08370-A

&nbsp

SPONSORJACKSON

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §700, R & SS L

&nbsp

Relates to the election of retirement benefits for certain members of the New York state and local employees' retirement system who are employed by the office of mental health.

Go to top S07755 Actions:

BILL NOS07755A

&nbsp

05/05/2025REFERRED TO CIVIL SERVICE AND PENSIONS

05/13/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

01/12/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

01/12/2026PRINT NUMBER 7755A

02/10/2026REPORTED AND COMMITTED TO FINANCE

Go to topS07755 Committee&nbspVotes:

Go to topS07755 Floor&nbspVotes:

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

Go to topS07755 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7755--A

 2025-2026 Regular Sessions

 IN SENATE

 May 5, 2025
 ___________

 Introduced by Sen. JACKSON -- 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
 retirement benefits for certain employees; and providing for the
 repeal of such provisions upon expiration thereof

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

 1 Section 1. Subdivision c of section 700 of the retirement and social
 2 security law, as added by chapter 578 of the laws of 1989, is amended to
 3 read as follows:
 4 c. Such election shall be in writing, shall be duly executed and filed
 5 with the comptroller and, subject to the provisions of subdivision d of
 6 this section, shall be irrevocable as long as such member is in a title
 7 defined in subdivision i of section eighty-nine of this chapter. The
 8 election shall be filed on or before December thirty-first, nineteen
 9 hundred eighty-nine or within one year after such person becomes
 10 employed in such title, whichever date is later.
 11 § 2. Section 700 of the retirement and social security law is amended
 12 by adding a new subdivision d to read as follows:
 13 d. Notwithstanding any provision of law to the contrary, a member
 14 employed by the office of mental health holding the title of security
 15 hospital treatment assistant, senior security hospital treatment assist-
 16 ant, security hospital treatment assistant Spanish language, security
 17 hospital senior treatment assistant Spanish language, security hospital
 18 treatment assistant supervisor or security hospital treatment assistant
 19 chief, shall be entitled to file an election to become subject to the
 20 provisions of article fourteen or article fifteen of this chapter, in

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11225-05-6

 S. 7755--A 2

 1 its entirety, and shall be subject to none of the provisions of the
 2 article not selected by the member. Such election shall be in writing,
 3 shall be duly executed and filed with the comptroller and shall be irre-
 4 vocable.
 5 § 3. This act shall take effect on the thirtieth day after it shall
 6 have become a law and shall expire and be deemed repealed on the one
 7 hundred eightieth day after it shall have become a law.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill would allow security hospital treatment assistants (SHTA)
 employed by the state of New York Office of Mental Health, to change
 retirement plans in New York State and Local Employees' Retirement
 System. Members could choose to switch between an Age-55 plan and a
 25-year service plan. The choice is irrevocable. Currently, this choice
 is only allowed during the first year of employment in the SHTA title.
 We estimate that the state of New York's annual contributions will
 increase $1.7 million beginning FYE 2027. Annual costs will vary but are
 expected to average 1.7% of salary.
 In addition, there will be an immediate past service cost of $22.7
 million borne by the s