Bill > A05580

This bill increases the annual earnings limit for retirees working in public service positions from $35,000 to $100,000, effective in the year 2025 and thereafter. The legislation amends the existing retirement and social security law to allow retired public employees to earn up to $100,000 annually while still receiving their full retirement benefits. This change applies to both the New York State and Local Employees Retirement System (NYSLERS) and the New York State and Local Police and Fire Retirement System (NYSLPFRS). The bill is expected to have financial implications, with estimated annual costs of approximately $32,000 per retiree in the NYSLERS and $52,000 per retiree in the NYSLPFRS. The increased earnings limit may potentially impact retirement patterns and employer contribution rates, with possible shifts in billing rates for various retirement plans. The legislation aims to provide more flexibility for retired public servants who wish to continue working while maintaining their pension benefits.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/A5580