Bill
Bill > A09994
NY A09994
NY A09994Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.
summary
Introduced
04/29/2022
04/29/2022
In Committee
04/29/2022
04/29/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.
AI Summary
This bill provides cost-of-living adjustments (COLAs) for certain public retirees in New York. Starting September 1, 2022, the adjusted benefit payment will be a percentage of the change in the consumer price index (CPI-U) from the year of retirement through 1997, according to a schedule based on the year of retirement. The bill amends the existing law to expand the eligibility and percentage adjustments for retirees who retired prior to 1973. The increased costs would be borne by the State of New York and participating employers in the affected retirement systems.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
referred to governmental employees (on 04/29/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A9994 | 04/30/2022 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A09994&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A09994 | 04/30/2022 |
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