New York S 6956: Relates to increasing the earnings limitation for positions of public service

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S06956 Summary:

BILL NOS06956C

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SAME ASSAME AS A08720-B

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SPONSORRYAN C

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COSPNSRADDABBO, BORRELLO, CANZONERI-FITZPATRICK, COMRIE, COONEY, FAHY, FERNANDEZ, GALLIVAN, HARCKHAM,
 HELMING, HINCHEY, JACKSON, LANZA, MARTINEZ, MATTERA, MAYER, MURRAY, ORTT, PALUMBO, RHOADS, ROLISON,
 SCARCELLA-SPANTON, SKOUFIS, WEBER

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MLTSPNSR

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Amd §212, R & SS L

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Relates to increasing the earnings limitation for positions of public service; increases the earnings limitation from $35,000 to $65,000 in 2027 and thereafter.

Go to top S06956 Actions:

BILL NOS06956C

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03/27/2025REFERRED TO CIVIL SERVICE AND PENSIONS

04/08/2025REPORTED AND COMMITTED TO FINANCE

05/20/20251ST REPORT CAL.1224

05/21/20252ND REPORT CAL.

05/22/2025ADVANCED TO THIRD READING 

06/04/2025AMENDED ON THIRD READING 6956A

06/10/2025AMENDED ON THIRD READING 6956B

06/13/2025PASSED SENATE

06/13/2025DELIVERED TO ASSEMBLY

06/13/2025referred to governmental employees

01/07/2026died in assembly

01/07/2026returned to senate

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

03/09/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

03/09/2026PRINT NUMBER 6956C

Go to topS06956 Committee&nbspVotes:

Go to topS06956 Floor&nbspVotes:

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

Go to topS06956 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6956--C

 2025-2026 Regular Sessions

 IN SENATE

 March 27, 2025
 ___________

 Introduced by Sens. C. RYAN, ADDABBO, BORRELLO, COMRIE, COONEY, FAHY,
 FERNANDEZ, GALLIVAN, HARCKHAM, HINCHEY, JACKSON, LANZA, MARTINEZ,
 MATTERA, MAYER, MURRAY, ORTT, PALUMBO, RHOADS, ROLISON,
 SCARCELLA-SPANTON, SKOUFIS, WEBER -- read twice and ordered printed,
 and when printed to be committed to the Committee on Civil Service and
 Pensions -- reported favorably from said committee and committed to
 the Committee on Finance -- reported favorably from said committee,
 ordered to first and second report, ordered to a third reading,
 amended and ordered reprinted, retaining its place in the order of
 third reading -- again amended and ordered reprinted, retaining its
 place in the order of third reading -- 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 committee

 AN ACT to amend the retirement and social security law, in relation to
 increasing the earning limitations for retired persons in positions of
 public service

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

 1 Section 1. Section 212 of the retirement and social security law is
 2 amended by adding a new subdivision 2-a to read as follows:
 3 2-a. Notwithstanding the provisions of subdivision two of this
 4 section, the earnings limitation for retired persons in a position of
 5 public service shall be increased to sixty-five thousand dollars from
 6 the year two thousand twenty-seven and thereafter.
 7 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 Bill Description:
 This fiscal note is prepared for legislative bill draft #03695-08-6.
 This bill would add a new subdivision 2-a to Section 212 of the Retire-
 ment and Social Security Law to increase the earnings-after-retirement

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03695-12-6

 S. 6956--C 2

 limitation to $65,000 for retired members who return to work in posi-
 tions of public employment for calendar year 2027 and thereafter.
 Currently this earnings limitation is $35,000. There is no earnings
 limitation for retirees age 65 and above.
 Cost:
 The annual cost to the participating employers of the New York State
 Teachers' Retirement System is estimated to be $86.3 million or 0.42% of
 payroll if this bill is enacted.
 Included in this cost is the expectation that this increase in the
 earnings-after-retirement limit will have an impact on the Retirement
 System's patterns of retirement resulting in some members retiring
 earlier than they otherwise would have. Earlier retirement generally
 increases plan costs since members will be receiving their b