Relates to actuarial interest rate assumptions
Summary
Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems; extends such provisions until June 30, 2023.
Bill status
signed
all 5 stages cleared
Introduction
Jun 2021
Committee Review
Jun 2021
Senate Passage
Jun 2021
Assembly Passage
Jun 2021
Signed into Law
Aug 2021
Introduced Jun 3, 2021
Signed Aug 2, 2021
Floor votes · Senate Jun 8, 2021 · Assembly Jun 9, 2021
How they voted
63–0
Passed
Total votes 63
Jun 8, 2021
D
Democratic43
100% Yea
R
Republican20
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
11
Key actions
3
Committee
2
Aug 2, 2021
Signed into law
SIGNED CHAP.391
upper
Jun 9, 2021
Lower · Passed
PASSED ASSEMBLY
lower
Jun 8, 2021
Committee
REFERRED TO WAYS AND MEANS
lower
Jun 8, 2021
Upper · Passed
PASSED SENATE
upper
Jun 3, 2021
Committee
REFERRED TO RULES
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Andrew Gounardes
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 7159
Scope: NY
Hi! I can help you understand S 7159. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline