A 7428

  • New York Assembly Bill
  • 2025 Regular Session
  • Introduced in Assembly
  • Passed Assembly Jun 04, 2025
  • Passed Senate Jun 10, 2025
  • Signed by Governor Jun 18, 2025

Extends for four fiscal years the current 7% per annum statutory rate of interest used in valuing retirement system liabilities for the purpose of computing the amount of employer contributions

Abstract

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.

Bill Sponsors (1)

Votes


Actions


Jun 18, 2025

Assembly

DELIVERED TO GOVERNOR

Assembly

SIGNED CHAP.139

Jun 10, 2025

Senate

RETURNED TO ASSEMBLY

Senate

SUBSTITUTED FOR S8361

Senate

3RD READING CAL.1667

Senate

PASSED SENATE

Jun 04, 2025

Assembly

DELIVERED TO SENATE

Assembly

REPORTED

Assembly

RULES REPORT CAL.401

Assembly

ORDERED TO THIRD READING RULES CAL.401

Assembly

PASSED ASSEMBLY

Senate

REFERRED TO RULES

  • Referral-Committee
RULES

May 27, 2025

Assembly

REPORTED REFERRED TO RULES

  • Referral-Committee
RULES

Apr 30, 2025

Assembly

REPORTED REFERRED TO WAYS AND MEANS

  • Referral-Committee
WAYS AND MEANS

Mar 26, 2025

Assembly

REFERRED TO GOVERNMENTAL EMPLOYEES

  • Referral-Committee
GOVERNMENTAL EMPLOYEES

Bill Text

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Related Documents

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Sources

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