NY S 8361
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 · upper
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Quick answers
Did NY S 8361 pass?
Yes. NY S 8361 has been enacted into law. Latest recorded action (2025-06-10): SUBSTITUTED BY A7428
What is NY S 8361 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 S 8361?
Robert Jackson is the primary sponsor of NY S 8361.
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
- 2025-06-10 — SUBSTITUTED BY A7428
- Bill type
- bill
- Last updated
- —
Sponsors
- Robert Jacksonprimary
Committees
Not provided by source.
Action timeline
Newest first
2025-06-10
SUBSTITUTED BY A7428
2025-06-09
ORDERED TO THIRD READING CAL.1667
2025-06-05
REFERRED TO RULES
referral-committee
Versions
- S8361Compare
Documents
Votes
Rules Vote
2025-06-09 · pass · 21-0
Member-level votes (21)
- Joseph P. Addabbo Jr.: yes
- Jamaal Bailey: yes
- Leroy Comrie: yes
- Nathalia Fernandez: yes
- Patrick M. Gallivan: yes
- Michael Gianaris: yes
- Joseph A. Griffo: yes
- Pete Harckham: yes
- Pamela Helming: yes
- Brad Hoylman-Sigal: yes
- Liz Krueger: yes
- Andrew J. Lanza: yes
- John Liu: yes
- Shelley Mayer: yes
- Zellnor Myrie: yes
- Robert Ortt: yes
- Kevin S. Parker: yes
- Luis R. Sepúlveda: yes
- Dan Stec: yes
- Andrea Stewart-Cousins: yes
- Thomas F. O'Mara: yes
Related bills
Official source
Attribution
Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z
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