New York S 7614: Eliminates certain restrictions on the number of land banks located within the state

Bill Text

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S07614 Summary:

BILL NOS07614A

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SAME ASSAME AS A08207-A

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SPONSORJACKSON

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COSPNSRADDABBO, HARCKHAM

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MLTSPNSR

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Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

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Provides a cost-of-living adjustment for New York public retirement systems.

Go to top S07614 Actions:

BILL NOS07614A

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04/23/2025REFERRED TO CIVIL SERVICE AND PENSIONS

01/07/2026REFERRED TO CIVIL SERVICE AND PENSIONS

05/07/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

05/07/2026PRINT NUMBER 7614A

Go to topS07614 Committee&nbspVotes:

Go to topS07614 Floor&nbspVotes:

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

Go to topS07614 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7614--A

 2025-2026 Regular Sessions

 IN SENATE

 April 23, 2025
 ___________

 Introduced by Sens. JACKSON, ADDABBO, HARCKHAM -- 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 committee

 AN ACT to amend the retirement and social security law, the education
 law and the administrative code of the city of New York, in relation
 to providing cost-of-living adjustments

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

 1 Section 1. Subdivision a of section 78-a of the retirement and social
 2 security law, as added by chapter 125 of the laws of 2000, is amended to
 3 read as follows:
 4 a. [A] Effective on the first day of September, two thousand twenty-
 5 six, a cost-of-living adjustment shall be payable on the basis provided
 6 for in this section to: (i) all pensioners who have attained age
 7 [sixty-two] fifty-five and have been retired for five years; (ii) [all
 8 pensioners who have attained age fifty-five and have been retired for
 9 ten years; (iii)] all disability pensioners regardless of age who have
 10 been retired for five years; and [(iv)] (iii) all recipients of an acci-
 11 dental death benefit regardless of age who have been receiving such
 12 benefit for five years.
 13 § 2. Subdivision a of section 378-a of the retirement and social secu-
 14 rity law, as added by chapter 125 of the laws of 2000, is amended to
 15 read as follows:
 16 a. [A] Effective on the first day of September, two thousand twenty-
 17 six, a cost-of-living adjustment shall be payable on the basis provided
 18 for in this section to: (i) all pensioners who have attained age
 19 [sixty-two] fifty-five and have been retired for five years; and (ii)
 20 [all pensioners who have attained age fifty-five and have been retired

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11216-07-6

 S. 7614--A 2

 1 for ten years; and (iii)] all disability pensioners regardless of age
 2 who have been retired for five years.
 3 § 3. Subdivision a of section 532-a of the education law, as added by
 4 chapter 125 of the laws of 2000, is amended to read as follows:
 5 a. [A] Effective on the first day of September, two thousand twenty-
 6 six, a cost-of-living adjustment shall be payable on the basis provided
 7 for in this section to: (i) all pensioners who have attained age
 8 [sixty-two] fifty-five and have been retired for five years; (ii) [all
 9 pensioners who have attained age fifty-five and have been retired for
 10 ten years; (iii)] all disability pensioners regardless of age who have
 11 been retired for five years; and [(iv)] (iii) all recipients of an acci-
 12 dental death benefit regardless of age who have been receiving such
 13 benefit for five years.
 14 § 4. Subdivision a of section 13-696 of the administrative code of the
 15 city of New York, as amended by chapter 288 of the laws of 2001, is
 16 amended to read as follows:
 17 a. [A] Effective on the first day of September, two thousand twenty-
 18 six, a cost-of-living adjustment shall be payable to retired members of
 19 the New York city employees' retirement system, the New York city teach-
 20 ers' retirement system, the New York city police pension fu