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NY S09254

Bill

Official Source

Status

Introduced

2/18/2026

Primary Sponsor

Robert Jackson

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Increases state contributions to the Optional Retirement Program for SUNY and CUNY employees by 3% total, phased in over three years
  • Adds 1% state contribution starting April 1, 2026, another 1% on April 1, 2027, and a final 1% on April 1, 2028
  • Applies to employees already subject to existing contribution requirements under paragraph (d) of the relevant education law sections
  • Funding for CUNY comes from the state fringe benefit fund and NYC pension budget (for senior and community colleges), separate from CUNY's operating budget
  • Takes effect immediately upon passage

Legislative Description

Provides certain members of the optional retirement program with an additional three percent statutory state contribution for the members of the optional retirement program for employees of both the State University of New York and the City University of New York.

Last Action

REFERRED TO HIGHER EDUCATION

2/18/2026

Committee Referrals

Higher Education2/18/2026

Full Bill Text

No bill text available