Provides temporary retirement incentive for certain public employees

This bill creates a temporary retirement incentive for eligible public school employees in New York State, specifically teachers and building-level administrators (like principals) who are members of the Teachers' Retirement System and meet the age 55/25 service requirement. It allows these employees to retire during a designated 60-day open period (starting no earlier than June 30, 2026, and ending by August 31, 2026) without facing the usual benefit reductions that apply under existing retirement laws. Educational employers must elect to participate by adopting a resolution, and the employer will cover the cost of the incentive over up to five years, beginning in the 2027-2028 state fiscal year. The incentive is strictly temporary and ends by August 31, 2026, with no expectation of future benefits for employees who do not qualify during this window.