New York S 9068: Establishes an optional twenty-five year retirement plan for certain employees of the New York Power Authority

Bill Text

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S09068 Summary:

BILL NOS09068A

&nbsp

SAME ASSAME AS A10263-A

&nbsp

SPONSORGRIFFO

&nbsp

COSPNSRJACKSON, MARTINEZ, MATTERA, RHOADS, RYAN C, SKOUFIS, ZELLNER

&nbsp

MLTSPNSR

&nbsp

Add §89-z, amd §§445, 603, 503 & 604, R & SS L

&nbsp

Establishes an optional twenty-five year retirement plan for employees of the New York Power Authority with the job title of mechanic, technician, electrician, equipment operator, power plant operator, utility security officer, or lineperson.

Go to top S09068 Actions:

BILL NOS09068A

&nbsp

01/28/2026REFERRED TO CIVIL SERVICE AND PENSIONS

03/30/2026AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

03/30/2026PRINT NUMBER 9068A

05/05/2026REPORTED AND COMMITTED TO FINANCE

06/04/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/04/2026ORDERED TO THIRD READING CAL.1740

06/04/2026SUBSTITUTED BY A10263A

&nbspA10263 AMEND=A Buttenschon

&nbsp02/12/2026referred to governmental employees

&nbsp03/30/2026amend and recommit to governmental employees

&nbsp03/30/2026print number 10263a

&nbsp04/21/2026reported referred to ways and means

&nbsp06/01/2026reported referred to rules

&nbsp06/01/2026reported 

&nbsp06/01/2026rules report cal.313

&nbsp06/01/2026ordered to third reading rules cal.313

&nbsp06/01/2026passed assembly

&nbsp06/01/2026delivered to senate

&nbsp06/01/2026REFERRED TO RULES

&nbsp06/04/2026SUBSTITUTED FOR S9068A

&nbsp06/04/20263RD READING CAL.1740

&nbsp06/04/2026PASSED SENATE

&nbsp06/04/2026RETURNED TO ASSEMBLY

Go to topS09068 Committee&nbspVotes:

Go to topS09068 Floor&nbspVotes:

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

Go to topS09068 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9068--A

 IN SENATE

 January 28, 2026
 ___________

 Introduced by Sens. GRIFFO, JACKSON, MARTINEZ -- 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

 AN ACT to amend the retirement and social security law, in relation to
 establishing an optional twenty-five year retirement plan for certain
 employees of the New York Power Authority

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

 1 Section 1. The retirement and social security law is amended by adding
 2 a new section 89-z to read as follows:
 3 § 89-z. Retirement of certain employees employed by the New York power
 4 authority. a. Any person who is employed by the New York power authority
 5 with the job title of mechanic, technician, electrician, equipment oper-
 6 ator, power plant operator, utility security officer, or lineperson
 7 shall be eligible to retire pursuant to the provisions of this section.
 8 Such eligibility shall be an alternative to the eligibility provisions
 9 available under any other plan of this article to which such member is
 10 subject.
 11 b. Such member shall be entitled to retire upon the completion of
 12 twenty-five years of total creditable service by filing an application
 13 therefor in the manner provided for in section seventy of this article.
 14 c. Upon completion of twenty-five years of such service and upon
 15 retirement, each such member shall receive a pension which, together
 16 with an annuity which shall be the actuarial equivalent of such member's
 17 accumulated contributions at the time of their retirement and an addi-
 18 tional pension which is the actuarial equivalent of the reserved-for-in-
 19 creased-take-home-pay to which such member may then be entitled shall be
 20 sufficient to provide such member with a retirement allowance equal to
 21 fifty percent of such member's final average salary.
 22 d. Notwithstanding section forty-one of this article, as used in this
 23 section "creditable service" shall include any and all services
 24 performed as an employee of the New York power authority.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00633-15-6

 S. 9068--A 2

 1 e. A member, contributing on the basis of this section at the time of
 2 retirement, shall retire after the completion of twenty-five years of
 3 total creditable service. Applica