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Bill > S06840


NY S06840

NY S06840
Increases the amount of years of military service credit a member may purchase from three years to four years; provides that the provisions of such act shall not be subject to the requirement that the state shall make an equal payment to the retirement system.


summary

Introduced
03/25/2025
In Committee
01/07/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the retirement and social security law, in relation to increasing the amount of years of military service credit a member may purchase

AI Summary

This bill increases the maximum amount of military service credit a member of a New York State retirement system can purchase from three years to four years, allowing them to receive credit for up to four years of military duty if honorably discharged, or if they have a qualifying condition or are a discharged LGBT veteran with an honorable discharge. Importantly, this change will not be subject to a requirement that the state make an equal payment to the retirement system, meaning the cost of this additional credit will primarily fall on the member purchasing it through their own contributions, with employers also sharing in the increased costs.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (13)

Last Action

PRINT NUMBER 6840A (on 02/18/2026)

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