Bill > S08149

This bill provides an alternate method for calculating the final average salary for Triborough Bridge and Tunnel Authority (TBTA) members during a specific period from March 2020 to December 2021. Specifically, the bill allows these members to calculate their final average salary using either their actual earnings during that period or a projected overtime amount based on their 2022 overtime hours. If a member chooses to use the projected overtime calculation, they must pay back the employee contributions that would have been due for those projected overtime hours, though no interest will be charged. The bill is designed to help TBTA members potentially increase their pension benefits by allowing them to use a more favorable calculation method for a challenging period that likely included reduced work hours or earnings during the COVID-19 pandemic. Members can request an estimate of their final average salary and contribution requirements from the New York City Employees' Retirement System, which must provide the estimate within 60 days. The fiscal note indicates this could impact approximately 161 active members, with an estimated increase in employer contributions and pension system liabilities.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S8149