A 8579 New York Assembly · 2025 Regular Session

Grants retroactive membership in the New York city teachers' retirement system to certain employees

Summary

Grants retroactive Tier IV membership in the New York city teachers' retirement system to certain employees employed by the city of Yonkers parks department for the period beginning in 2009 and ending in 2014.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2025

Committee Review

Floor Vote

Governor

Introduced May 21, 2025 Last action Jun 5, 2026

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What changed between versions

A8579 → A8579A · 5 edits

MODERATE

This bill was amended to update its effective date and financial projections, shifting the timeline from June 2025 to June 2026. Consequently, the estimated costs to the employer increased, and the number of years required to repay those costs decreased from 18 to 17.

Scope change

The bill's scope remains the same, allowing specific City of Yonkers Parks Department employees to purchase retroactive Tier IV membership, but the financial impact analysis now reflects a one-year delay in implementation.

TIMELINE

The effective date for the bill's financial calculations was updated from June 30, 2025, to June 30, 2026.

FISCAL

Projected employer contributions increased significantly in the early years (e.g., $19,200 in 2028 instead of $16,900 in 2027) due to the delayed effective date.

The total actuarial present value of benefits rose from $94,000 to $104,000, reflecting the updated financial assumptions.

The repayment plan for unfunded liabilities was shortened from 18 annual payments of $10,000 to 17 annual payments of $12,000.

TECHNICAL

Census data for the affected employee was updated to reflect an average age of 38 and 9 years of service instead of 37 and 8 years.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 4, 2026

Committee

REPORTED REFERRED TO RULES

lower

Jun 3, 2026

Committee

REFERENCE CHANGED TO WAYS AND MEANS

lower

Mar 5, 2026

Lower · Passed

PRINT NUMBER 8579A

lower

Mar 5, 2026

Lower · Passed

AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES

lower

Jan 7, 2026

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

May 21, 2025

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

1 primary · 0 co-sponsors