New York A 6978: Increases the amount of money a public retirement system retiree may earn in a position of public service to $50,000

Bill Text

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A06978 Summary:

BILL NOA06978 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORFall

&nbsp

COSPNSRMcDonald, Angelino

&nbsp

MLTSPNSR

&nbsp

Amd §212, R & SS L

&nbsp

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2026 and thereafter to $50,000.

Go to top A06978 Actions:

BILL NOA06978 

&nbsp

03/18/2025referred to governmental employees

01/07/2026referred to governmental employees

Go to topA06978 Committee&nbspVotes:

Go to topA06978 Floor&nbspVotes:

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

Go to topA06978 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6978

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 18, 2025
 ___________

 Introduced by M. of A. FALL -- read once and referred to the Committee
 on Governmental Employees

 AN ACT to amend the retirement and social security law, in relation to
 increasing the retiree public earnings cap

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

 1 Section 1. Subdivision 2 of section 212 of the retirement and social
 2 security law, as amended by chapter 589 of the laws of 2019, is amended
 3 to read as follows:
 4 2. The earning limitations for retired persons in positions of public
 5 service under this section shall be in accordance with the following
 6 table:

 7 For the year Earnings limitation
 8 1996 $12,500
 9 1997 $13,500
 10 1998 $14,500
 11 1999 $15,500
 12 2000 $17,000
 13 2001 $18,500
 14 2002 $20,000
 15 2003 $25,000
 16 2004 $27,500
 17 2005 and 2006 $27,500
 18 2007 through 2019 $30,000
 19 2020 [and thereafter]
 20 through 2025 $35,000
 21 2026 and thereafter $50,000
 22 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09658-01-5

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