A07428Introduced in the Assembly
Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2029.
Introduced by Stacey Pheffer Amato, District 23
What does this bill do?
Plain-English breakdown
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Official description
Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2029.
Where it stands
signed chap.139
June 18, 2025
How did lawmakers vote?
Assembly votes
4 recorded votes · each counted separately
Senate votes
1 recorded vote · each counted separately
SenateStage: Senate Floor Vote - Final Passage · June 10, 2025
58
Yes
0
No
5
Absent or Not Voting
63 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
See how each senator voted
| Senator | District | Vote |
|---|---|---|
| Anthony Palumbo | 1 | Yes |
| Mario Mattera | 2 | Yes |
| Dean Murray | 3 | Absent |
| Monica Martinez | 4 | Yes |
| Steven Rhoads | 5 | Yes |
| Siela Bynoe | 6 | Yes |
| Jack Martins | 7 | Yes |
| Alexis Weik | 8 | Yes |
| Patricia Canzoneri-Fitzpatrick | 9 | Yes |
| James Sanders | 10 | Yes |
Bill history
referred to governmental employees
reported referred to ways and means
reported referred to rules
reported
rules report cal.401
ordered to third reading rules cal.401
passed assembly
delivered to senate
REFERRED TO RULES
SUBSTITUTED FOR S8361
3RD READING CAL.1667
PASSED SENATE
RETURNED TO ASSEMBLY
delivered to governor
signed chap.139
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