NY A 7428
enactedExtends 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
2025-06-18
SIGNED CHAP.139
executive-signature
2025-06-18
DELIVERED TO GOVERNOR
executive-receipt
2025-06-10
RETURNED TO ASSEMBLY
2025-06-10
PASSED SENATE
passage
2025-06-10
3RD READING CAL.1667
2025-06-10
SUBSTITUTED FOR S8361
2025-06-04
REFERRED TO RULES
referral-committee
2025-06-04
DELIVERED TO SENATE
2025-06-04
PASSED ASSEMBLY
passage
2025-06-04
ORDERED TO THIRD READING RULES CAL.401
2025-06-04
RULES REPORT CAL.401
2025-06-04
REPORTED
2025-05-27
REPORTED REFERRED TO RULES
referral-committee
2025-04-30
REPORTED REFERRED TO WAYS AND MEANS
referral-committee
2025-03-26
REFERRED TO GOVERNMENTAL EMPLOYEES
referral-committee
Versions
- A7428Compare
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
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