Bill Commons

NY A 7428

enacted

Extends for four fiscal years the current 7% per annum statutory rate of interest used in valuing retirement system liabilities for the purpose of computing the amount of employer contributions

New York · 2025-2026 Regular Session · lower

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Quick answers

Did NY A 7428 pass?

Yes. NY A 7428 has been enacted into law. Latest recorded action (2025-06-18): SIGNED CHAP.139

What is NY A 7428 about?

Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2029.

Who sponsors NY A 7428?

Stacey Pheffer Amato is the primary sponsor of NY A 7428.

Description

Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2029.

Introduced
—
Latest action
2025-06-18 — SIGNED CHAP.139
Bill type
bill
Last updated
—

Sponsors

  • Stacey Pheffer Amatoprimary

Committees

Not provided by source.

Action timeline

Newest first

  1. 2025-06-18

    SIGNED CHAP.139

    executive-signature

  2. 2025-06-18

    DELIVERED TO GOVERNOR

    executive-receipt

  3. 2025-06-10

    RETURNED TO ASSEMBLY

  4. 2025-06-10

    PASSED SENATE

    passage

  5. 2025-06-10

    3RD READING CAL.1667

  6. 2025-06-10

    SUBSTITUTED FOR S8361

  7. 2025-06-04

    REFERRED TO RULES

    referral-committee

  8. 2025-06-04

    DELIVERED TO SENATE

  9. 2025-06-04

    PASSED ASSEMBLY

    passage

  10. 2025-06-04

    ORDERED TO THIRD READING RULES CAL.401

  11. 2025-06-04

    RULES REPORT CAL.401

  12. 2025-06-04

    REPORTED

  13. 2025-05-27

    REPORTED REFERRED TO RULES

    referral-committee

  14. 2025-04-30

    REPORTED REFERRED TO WAYS AND MEANS

    referral-committee

  15. 2025-03-26

    REFERRED TO GOVERNMENTAL EMPLOYEES

    referral-committee

Versions

Documents

Votes

  • Assembly Vote

    2025-06-04 · pass · 144-0

    Member-level votes (150)
    • Alvarez: yes
    • Carroll P: yes
    • Friend: excused
    • Lee: yes
    • Peoples-Stokes: yes
    • Slater: excused
    • Anderson: yes
    • Carroll RC: yes
    • Gallagher: yes
    • Lemondes: yes
    • Pheffer Amato: yes
    • Smith: yes
    • Angelino: yes
    • Chandler-Waterm: yes
    • Gallahan: yes
    • Levenberg: yes
    • Pirozzolo: yes
    • Smullen: yes
    • Bailey: yes
    • Chang: yes
    • Gandolfo: yes
    • Lucas: yes
    • Pretlow: yes
    • Solages: yes
    • Barclay: yes
    • Chludzinski: yes
    • Gibbs: yes
    • Lunsford: yes
    • Ra: yes
    • Steck: yes
    • Barrett: excused
    • Clark: yes
    • Giglio: yes
    • Lupardo: yes
    • Raga: yes
    • Stern: yes
    • Beephan: yes
    • Colton: yes
    • Glick: yes
    • Magnarelli: yes
    • Rajkumar: yes
    • Stirpe: yes
    • Bendett: yes
    • Conrad: yes
    • Gonzalez-Rojas: yes
    • Maher: yes
    • Ramos: yes
    • Tague: yes
    • Benedetto: yes
    • Cook: yes
    • Gray: yes
    • Mamdani: excused
    • Reilly: yes
    • Tannousis: yes
    • Berger: yes
    • Cruz: yes
    • Griffin: yes
    • Manktelow: yes
    • Reyes: yes
    • Tapia: yes
    • Bichotte Hermel: yes
    • Cunningham: yes
    • Hawley: yes
    • McDonald: yes
    • Rivera: yes
    • Taylor: yes
    • Blankenbush: yes
    • Dais: yes
    • Hevesi: yes
    • McDonough: yes
    • Romero: yes
    • Torres: yes
    • Blumencranz: yes
    • Davila: yes
    • Hooks: yes
    • McMahon: yes
    • Rosenthal: yes
    • Valdez: yes
    • Bologna: yes
    • De Los Santos: yes
    • Hunter: yes
    • Meeks: yes
    • Rozic: yes
    • Vanel: yes
    • Bores: yes
    • DeStefano: yes
    • Hyndman: yes
    • Mikulin: yes
    • Santabarbara: yes
    • Walker: yes
    • Brabenec: yes
    • Dilan: yes
    • Jackson: yes
    • Miller: yes
    • Sayegh: yes
    • Walsh: yes
    • Braunstein: yes
    • Dinowitz: yes
    • Jacobson: yes
    • Mitaynes: yes
    • Schiavoni: yes
    • Weprin: yes
    • Bronson: excused
    • DiPietro: yes
    • Jensen: yes
    • Molitor: yes
    • Seawright: yes
    • Wieder: yes
    • Brook-Krasny: yes
    • Durso: yes
    • Jones: yes
    • Morinello: yes
    • Sempolinski: yes
    • Williams: excused
    • Brown EA: yes
    • Eachus: yes
    • Kassay: yes
    • Norber: yes
    • Septimo: yes
    • Woerner: yes
    • Brown K: yes
    • Eichenstein: yes
    • Kay: yes
    • Novakhov: yes
    • Shimsky: yes
    • Wright: yes
    • Burdick: yes
    • Epstein: yes
    • Kelles: yes
    • O'Pharrow: yes
    • Shrestha: yes
    • Yeger: yes
    • Burke: yes
    • Fall: yes
    • Kim: yes
    • Otis: yes
    • Simon: yes
    • Zaccaro: yes
    • Burroughs: yes
    • Fitzpatrick: yes
    • Lasher: yes
    • Palmesano: yes
    • Simone: yes
    • Zinerman: yes
    • Buttenschon: yes
    • Forrest: yes
    • Lavine: yes
    • Paulin: yes
    • Simpson: yes
    • Mr. Speaker: yes
  • Floor Vote

    2025-06-10 · pass · 58-0

    Member-level votes (63)
    • Jake Ashby: yes
    • Jamaal Bailey: yes
    • April Baskin: yes
    • George Borrello: yes
    • Jabari Brisport: yes
    • Samra Brouk: yes
    • Siela Bynoe: yes
    • Patricia Canzoneri-Fitzpatrick: yes
    • Stephen T. Chan: yes
    • Cordell Cleare: yes
    • Leroy Comrie: yes
    • Jeremy Cooney: yes
    • Patricia Fahy: yes
    • Nathalia Fernandez: yes
    • Patrick M. Gallivan: yes
    • Michael Gianaris: yes
    • Kristen Gonzalez: yes
    • Andrew Gounardes: yes
    • Joseph A. Griffo: yes
    • Pete Harckham: yes
    • Pamela Helming: yes
    • Michelle Hinchey: yes
    • Brad Hoylman-Sigal: yes
    • Robert Jackson: yes
    • Brian Kavanagh: yes
    • Liz Krueger: yes
    • Andrew J. Lanza: yes
    • John Liu: yes
    • Monica Martinez: yes
    • Jack M. Martins: yes
    • Mario Mattera: yes
    • Rachel May: yes
    • Shelley Mayer: yes
    • Thomas F. O'Mara: yes
    • Peter Oberacker: yes
    • Robert Ortt: yes
    • Anthony H. Palumbo: yes
    • Kevin S. Parker: yes
    • Roxanne J. Persaud: yes
    • Steve Rhoads: yes
    • Gustavo Rivera: yes
    • Robert Rolison: yes
    • Christopher Ryan: yes
    • Sean Ryan: yes
    • Julia Salazar: yes
    • James Sanders Jr.: yes
    • Jessica Scarcella-Spanton: yes
    • Luis R. Sepúlveda: yes
    • José M. Serrano: yes
    • James Skoufis: yes
    • Toby Ann Stavisky: yes
    • Dan Stec: yes
    • Andrea Stewart-Cousins: yes
    • James Tedisco: yes
    • Mark Walczyk: yes
    • Lea Webb: yes
    • William Weber: yes
    • Alexis Weik: yes
    • Joseph P. Addabbo Jr.: excused
    • Dean Murray: excused
    • Zellnor Myrie: excused
    • Jessica Ramos: excused
    • Sam Sutton: excused

Related bills

  • Prior session: A 7644not in this corpus
  • Companion bill: S 8361

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

Inspect retained evidence for changes recorded after evidence tracking began:

Session-wide evidence can include changes to other bills:

Use this data

Every field on this page is available from the free public API — no key or licence required. Fetch this bill as JSON: GET /api/v1/bills?jurisdiction=NY&identifier=A 7428. See the API docs or the MCP server for AI assistants.

Known limitations

  • Sponsor party and chamber affiliation are not yet captured by this API.
  • Committee referrals are not yet captured.

See the methodology page for data sources and limitations.