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Assembly Bill A6978

2025-2026 Legislative Session

Increases the amount of money a public retirement system retiree may earn in a position of public service to $50,000

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Current Bill Status - In Assembly Committee

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2025-A6978 (ACTIVE) - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §212, R & SS L

2025-A6978 (ACTIVE) - Summary

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2026 and thereafter to $50,000.

2025-A6978 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6978
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 18, 2025
                                ___________
 
 Introduced  by  M. of A. FALL -- read once and referred to the Committee
   on Governmental Employees
 
 AN ACT to amend the retirement and social security law, in  relation  to
   increasing the retiree public earnings cap
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subdivision 2 of section 212 of the retirement  and  social
 security  law, as amended by chapter 589 of the laws of 2019, is amended
 to read as follows:
   2. The earning limitations for retired persons in positions of  public
 service  under  this  section  shall be in accordance with the following
 table:
 
         For the year               Earnings limitation
             1996                         $12,500
             1997                         $13,500
             1998                         $14,500
             1999                         $15,500
             2000                         $17,000
             2001                         $18,500
             2002                         $20,000
             2003                         $25,000
             2004                         $27,500
             2005 and 2006                $27,500
             2007 through 2019            $30,000
             2020 [and thereafter]
             THROUGH 2025                 $35,000
             2026 AND THEREAFTER          $50,000
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09658-01-5

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rtilyou
1 year ago

What are you waiting for? Get this passed!

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