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NY S07755
Bill
Status
5/5/2025
Primary Sponsor
Robert Jackson
Click for details
AI Summary
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Security hospital treatment assistants employed by the Office of Mental Health would receive a one-time opportunity to choose between an Age-55 retirement plan or a 25-year service plan, with the election being irrevocable
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Affected job titles include security hospital treatment assistant, senior security hospital treatment assistant, security hospital treatment assistant Spanish language, security hospital senior treatment assistant Spanish language, security hospital treatment assistant supervisor, and security hospital treatment assistant chief
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Approximately 697 employees with combined annual salaries of $68 million would be eligible for this election window
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The state would incur an immediate one-time past service cost of approximately $19.4 million, plus an estimated $2.2 million increase in annual contributions for fiscal year ending March 31, 2026
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The election window would last 180 days, after which the provisions would automatically expire and be repealed
Legislative Description
Relates to the election of retirement benefits for certain members of the New York state and local employees' retirement system who are employed by the office of mental health.
Last Action
REPORTED AND COMMITTED TO FINANCE
2/10/2026