New York S 8158: Relates to reporting on agency minority and women-owned business development contracts and spending

Bill Text

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S08158 Summary:

BILL NOS08158B

&nbsp

SAME ASSAME AS A09605

&nbsp

SPONSORJACKSON

&nbsp

COSPNSRCOMRIE

&nbsp

MLTSPNSR

&nbsp

Amd §556, R & SS L

&nbsp

Relates to accidental disability retirement for sheriffs; provides that sheriffs shall receive a pension of three-quarters of their final average salary.

Go to top S08158 Actions:

BILL NOS08158B

&nbsp

05/15/2025REFERRED TO CIVIL SERVICE AND PENSIONS

05/16/2025AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

05/16/2025PRINT NUMBER 8158A

05/27/2025REPORTED AND COMMITTED TO FINANCE

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

01/12/2026AMEND (T) AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

01/12/2026PRINT NUMBER 8158B

02/10/2026REPORTED AND COMMITTED TO FINANCE

Go to topS08158 Committee&nbspVotes:

Go to topS08158 Floor&nbspVotes:

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

Go to topS08158 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8158--B

 2025-2026 Regular Sessions

 IN SENATE

 May 15, 2025
 ___________

 Introduced by Sen. JACKSON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Civil Service and Pensions
 -- committee discharged, bill amended, ordered reprinted as amended
 and recommitted to said committee -- 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
 accidental disability retirement for sheriffs

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

 1 Section 1. Paragraph 3 of subdivision e of section 556 of the retire-
 2 ment and social security law, as added by chapter 165 of the laws of
 3 1995, is amended to read as follows:
 4 3. A pension of [two-thirds] three-quarters of [his or her] the
 5 member's final average salary. The payment of such pension shall be
 6 subject to the provisions of section [three hundred] sixty-four of this
 7 chapter.
 8 § 2. This act shall take effect immediately.
 FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
 This bill will increase the accidental disability retirement benefit
 for deputy sheriffs covered under Article 14-B of the Retirement and
 Social Security Law (RSSL). The proposed benefit is 75% of final average
 salary (FAS) minus Workers' Compensation. The current benefit is two-
 thirds of FAS minus Workers' Compensation.
 Insofar as this bill affects the New York State and Local Employees'
 Retirement System (NYSLERS), accrued benefits would increase by approxi-
 mately $5.6 million.
 Benefit improvements would be funded by increasing the billing rates
 charged annually. The annual contribution required by all participating
 employers in NYSLERS would increase 0.02% of billable salary, or approx-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01325-05-6

 S. 8158--B 2

 imately $280,000 to the state of New York and $420,000 to the local
 participating employers.
 Additionally, there would be a cost for future service accruals which
 would increase the annual billing rates for RSSL sections 551, 552, and
 553 by 0.3% of salary.
 Employer costs would vary according to their plan coverage and salary
 reported in RSSL sections 551, 552, and 553.
 These estimated costs are based on 3,116 affected members, with annual
 salary of approximately $328 million as of March 31, 2025.
 Summary of relevant resources:
 Membership data as of March 31, 2025 was used to measure the impact of
 the bill, the same data used in the Actuarial Valuations dated April 1,
 2025. Distributions and other statistics can be found in the 2025 Report
 of the Actuary and the 2025 Annual Comprehensive Financial Report. The
 actuarial assumptions and methods used are described in the 2025 Annual
 Report to the Comptroller on Actuarial Assumptions, and the Codes, Rules
 and Regulations of the State of New York: Audit and Control. The fair
 value of assets and GASB disclosures can be found in the 2025 Financial
 Statements and Supplementary Information.
 Assumptions, demographics, and other considerations may hav