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NY S04638
Bill
Status
Introduced
2/10/2025
Primary Sponsor
Alexis Weik
Click for details
AI Summary
- Creates a 9-member temporary commission to reform Tier VI status in the New York State and Local Employees' Retirement System, with 5 members appointed by the governor and 1 each by senate and assembly leaders
- Addresses workforce recruitment and retention shortages attributed to Chapter 18 of the Laws of 2012, which established Tier VI pension requirements
- Over one-quarter of the current public workforce is eligible to retire within the next five years, potentially worsening staffing shortages and overtime costs
- Commission must hold at least 3 public hearings and submit a final report with recommendations within 1 year to the governor and legislative leaders
- Commission members serve without compensation but receive reimbursement for expenses; the commission expires 1 year after the act takes effect
Legislative Description
Establishes a commission to reform tier V and tier VI membership status in the New York state and local employees' retirement system.
Last Action
PRINT NUMBER 4638A
3/5/2026
Committee Referrals
Civil Service and Pensions2/10/2025
Full Bill Text
No bill text available