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NY A09637
Bill
Status
Introduced
1/21/2026
Primary Sponsor
Stacey Pheffer Amato
Click for details
AI Summary
- Prohibits the state and political subdivisions from reducing retiree health insurance benefits below the actuarial value provided as of December 31, 2021
- Applies full protections to all individuals already retired when the law takes effect; allows negotiated alternative benefit structures for future retirees
- Requires notice and consultation with statewide and local retiree organizations before any agreement altering retiree health benefits can take effect
- Permits employers to adopt alternative plan designs only if retirees' annual out-of-pocket costs (premiums, deductibles, copayments) do not exceed December 31, 2021 limits unless offset by employer-funded accounts or equivalent subsidies
- Allows employers and employee organizations to negotiate changes that provide equal or greater benefit value
Legislative Description
Relates to protecting retiree health insurance benefits; provides that the health insurance benefits provided to retired officers, employees, and their dependents by the state and its political subdivisions shall not be diminished or impaired below the actuarial value of the benefits provided as of December thirty-first, two thousand twenty-one.
Last Action
referred to governmental employees
1/21/2026
Committee Referrals
Governmental Employees1/21/2026
Full Bill Text
No bill text available