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NY A08765
Bill
Status
6/2/2025
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
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Allows Triborough Bridge and Tunnel Authority (TBTA) members to use an alternate final average salary calculation for the period from March 2020 through December 2021, when COVID-19 reduced overtime opportunities
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Permits affected members to substitute actual overtime earnings during that period with projected overtime based on their 2022 overtime hours multiplied by their pay rate during the calculation period
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Requires members who use the projected overtime option to pay the employee contributions they would have owed had they actually worked that overtime, with no interest charged
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Members may request a final average salary estimate and contribution estimate from the NYC Employees' Retirement System, which must be provided within 60 days
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Expected to increase employer contributions by approximately $382,400 in fiscal year 2026, declining over subsequent years, with all costs allocated to the Triborough Bridge and Tunnel Authority
Legislative Description
Provides for an alternate final average salary calculation for Triborough bridge and tunnel members where such calculation includes certain dates.
Last Action
referred to governmental employees
1/7/2026