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S8141 • 2025

Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets

Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets

Labor
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Robert Jackson
Last action
2026-05-18
Official status
In Senate Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets

Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets Modifies the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to the twenty-five year retirement program for fire protection inspector members under Article 15 of the retirement and social security law, to allow such additional member contributions to be used to offset a deficit of basic member contributions, or to allow an excess of basic member contributions to offset a deficit of additional member contributions.

What This Bill Does

  • Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets Modifies the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to the twenty-five year retirement program for fire protection inspector members under Article 15 of the retirement and social security law, to allow such additional member contributions to be used to offset a deficit of basic member contributions, or to allow an excess of basic member contributions to offset a deficit of additional member contributions.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-18 Senate

    AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

  2. 2026-05-18 Senate

    PRINT NUMBER 8141A

  3. 2026-01-07 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

  4. 2025-05-15 Senate

    REFERRED TO CIVIL SERVICE AND PENSIONS

Official Summary Text

Relates to the definition of additional member contributions and basic member contributions for certain retirement system members to allow such contributions to be used as offsets
Modifies the definition of additional member contributions and basic member contributions for certain New York city employees' retirement system members who are subject to the twenty-five year retirement program for fire protection inspector members under Article 15 of the retirement and social security law, to allow such additional member contributions to be used to offset a deficit of basic member contributions, or to allow an excess of basic member contributions to offset a deficit of additional member contributions.

Current Bill Text

Read the full stored bill text
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          8141

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                      May 15, 2025
                                       ___________

        Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
          printed to be committed to the Committee on Civil Service and Pensions

        AN ACT to amend the retirement and social security law, in  relation  to
          the  definition  of  additional  member contributions and basic member
          contributions for certain New York city employees'  retirement  system
          members who are subject to the twenty-five year retirement program for
          fire  protection  inspector members under Article 15 of the retirement
          and social security law, to allow such additional member contributions
          to be used to offset a deficit of basic member  contributions,  or  to
          allow  an  excess of basic member contributions to offset a deficit of
          additional member contributions

          THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section  1.  Subparagraph  (i)  of  paragraph  10  of subdivision e of
     2  section 604-j of the retirement and social security  law,  as  added  by
     3  section  1  of  part EE of chapter 55 of the laws of 2024, is amended to
     4  read as follows:
     5    (i) Such additional member contributions (and  any  interest  thereon)
     6  shall  be paid into the contingent reserve fund of the retirement system
     7  of which the participant is a member and shall not for  any  purpose  be
     8  deemed  to  be  member  contributions  or accumulated contributions of a
     9  member under section six hundred thirteen of this article  or  otherwise
    10  while  they are a participant in the twenty-five year retirement program
    11  or otherwise, EXCEPT THAT A SURPLUS OF SUCH ADDITIONAL  MEMBER  CONTRIB-
    12  UTIONS  THAT  ARE  PAID  INTO THE RETIREMENT SYSTEM'S CONTINGENT RESERVE
    13  FUND MAY BE USED FOR THE SOLE PURPOSE OF OFFSETTING A DEFICIT.
    14    § 2. Subdivision h of section 613 of the retirement and social securi-
    15  ty law, as amended by chapter 448 of the laws of  2018,  is  amended  to
    16  read as follows:
    17    h.  Notwithstanding  any  other  provision  of  law to the contrary, a
    18  participant may use any excess basic member contributions  to  offset  a

         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10363-01-5
        S. 8141                             2

     1  deficit  of  additional  member  contributions  as  required pursuant to
     2  sections six hundred four-a, six hundred four-b, six hundred four-c,  as
     3  added by chapter 96 of the laws of 1995, six hundred four-c, as added by
     4  chapter 472 of the laws of 1995, six hundred four-d, six hundred four-e,
     5  as  added  by  chapter  576  of the laws of 2000, six hundred four-e, as
     6  added by chapter 577 of the laws of 2000, six hundred four-f,  as  added
     7  by  chapter  559  of  the  laws of 2001, six hundred four-f, as added by
     8  chapter 582 of the laws of 2001, six hundred four-g, [and]  six  hundred
     9  four-h,  AND SIX HUNDRED FOUR-J of this article. The use of basic member
    10  contributions to offset a deficit  of  additional  member  contributions
    11  does  not  affect the contributions' tax designation pursuant to section
    12  414(h) of the Internal Revenue Code.
    13    § 3. This act shall take effect immediately.