Bill > A03352

This bill establishes a new Sanitation Variable Supplements Fund for retired sanitation workers in New York City, creating a specialized board to manage the fund. The fund is designed to provide additional supplemental payments to eligible sanitation workers who have retired, but it is explicitly not a pension or retirement system. The board will consist of representatives from the mayor's office, the city comptroller, and two union officers (one from the Uniformed Sanitationmen's Association and one from the Sanitation Officers' Association). The board has discretionary power to authorize payments to beneficiaries, considering principles of equity and prudent management. The fund will be financially supported through potential allocations from the New York City Employees' Retirement System, calculated based on specific financial metrics like total system assets and sanitation members' salaries. Importantly, the bill emphasizes that these supplements are not guaranteed benefits and can be discontinued at the board's discretion. The fund will be overseen by the city comptroller, who will serve as custodian of its assets, and will require approval from the superintendent of financial services for its payment plan. The legislation aims to provide additional financial support for retired sanitation workers while maintaining flexibility in how those supplements are distributed.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A3352