A 8765 New York Assembly · 2025 Regular Session

Relates to the final average salary calculation for Triborough bridge and tunnel members

This bill changes how final average salary is calculated for Triborough Bridge and Tunnel Authority employees in New York City's retirement system. It creates an alternate calculation method for employees whose service includes the period from March 2020 to December 2021, allowing their final average salary to include a projected overtime amount based on their 2022 pay. Employees using this method must pay back any missing retirement contributions for the projected overtime, but only for overtime not already paid for or previously contributed to. The New York City Retirement System must provide written estimates of the adjusted benefit and required contributions within 60 days of a member's request.

Issues: ✓ Labor & Employment

Bill status in committee 1 of 4 stages cleared

Introduction

Jun 2025

Committee Review

Floor Vote

Governor

Introduced Jun 2, 2025 Last action Apr 23, 2026

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What changed between versions

A8765 → A8765A · 4 edits

MODERATE

This bill was amended to update its fiscal impact estimates based on newer data from June 2025 instead of June 2024. The changes reflect a larger number of affected employees and higher projected costs for the employer, increasing the estimated annual contribution impact from approximately $382,000 to $751,000 in the first year. Additionally, the timeline for paying back these costs was shortened from five years to four years due to the higher total liability.

Scope change

The bill's scope of applicability remains the same (Triborough Bridge and Tunnel Authority members), but the financial scope has significantly increased due to updated actuarial data.

FISCAL

The estimated annual increase in employer contributions for the first year rose from $382,400 to $751,300, reflecting updated financial projections.

The total present value of future benefits increased from $1.495 million to $2.470 million, indicating a larger long-term financial obligation.

TIMELINE

The repayment period for the unfunded liability was reduced from five years to four years, requiring faster annual payments.

TECHNICAL

The census data used for calculations was updated from June 30, 2024, to June 30, 2025, showing an increase in the number of active members from 161 to 244.

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Committee

Amendments

Apr 23, 2026

Lower · Passed

PRINT NUMBER 8765A

lower

Apr 23, 2026

Lower · Passed

AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES

lower

Jan 7, 2026

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

Jun 2, 2025

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

1 primary · 0 co-sponsors