S 7528 New York Senate · 2025 Regular Session

Relates to extending the benefits of the variable supplements fund for transit police members of the New York city employees' retirement system

Summary

Extends the benefits of the variable supplements fund for transit police members of the New York city employees' retirement system for persons who retired on or after October 1, 1968.

Issues: ✓ Labor & Employment

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

Governor

Introduced Apr 21, 2025 Last action Mar 10, 2026

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What changed between versions

S7528 → S7528A · 5 edits

MODERATE

This bill was amended to update its committee assignment, correct formatting errors, and revise fiscal estimates based on newer census data. The changes reflect a shift from the 2024 fiscal year to the 2025 fiscal year for budget projections and adjust the number of eligible recipients from 283 to 257.

Scope change

The bill's scope remains the same, but the fiscal year references were updated from 2024 to 2025, and the number of eligible transit police retirees was revised downward.

TIMELINE

The bill's committee assignment was updated to include a recommitment instruction and committee discharge language, reflecting procedural changes in the legislative process.

FISCAL

Fiscal projections were updated to reflect the 2025 fiscal year instead of 2024, with employer contributions adjusted from $18.1 million to $15.7 million for the first year.

The actuarial present value of employer contributions was revised from $16.4 million to $14.2 million, and the amortization payment was adjusted from $18.1 million to $15.7 million.

Census data was updated to reflect a count of 257 eligible retirees instead of 283, with the average age increasing from 83.4 to 84.3 years.

TECHNICAL

Minor formatting corrections were made throughout the document, including spacing adjustments and renumbering of sections.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 10, 2026

Upper · Passed

PRINT NUMBER 7528A

upper

Mar 10, 2026

Upper · Passed

AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

upper

Jan 7, 2026

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

Apr 21, 2025

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

1 primary · 0 co-sponsors