A 5885 New York Assembly · 2025 Regular Session

Authorizes Jonathan Grossman to apply for a recalculation of his retirement benefits

This bill authorizes Jonathan Grossman - a former New York City teacher who retired in 2010 - to apply for a recalculation of his retirement benefits. It corrects an error where his benefits were initially calculated without including a lump sum payment for accumulated vacation time (plus accrued interest from his retirement date). Grossman must submit his application to the state comptroller within one year of the bill's effective date, and the City of New York will cover all associated costs. The bill applies solely to this individual and does not change general retirement rules.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 24, 2025 Last action Feb 25, 2026

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What changed between versions

A5885 → A5885A · 3 edits

MINOR

This bill was amended to update its fiscal impact analysis, reflecting a one-year delay in the effective date of the retirement benefit recalculation for Jonathan Grossman. The changes adjust the projected timeline for increased employer contributions and update the actuarial present values and unfunded liability figures based on new census data from June 30, 2025, rather than the previous 2024 data.

Scope change

The bill's scope remains the same (authorizing a specific recalculation), but the financial projections and effective dates have been shifted forward by one year.

FISCAL

The timeline for employer contributions was shifted forward; the first projected increase now occurs in 2027 instead of 2026, with the total expected increase rising from $360,000 to $378,000 over the first two years.

The actuarial present value of benefits increased from $325,000 to $342,000, and the annual amortization payment for the unfunded liability increased from $360,000 to $378,000.

TECHNICAL

The reference date for census data used in the financial estimates was updated from June 30, 2024, to June 30, 2025, and the average age of the receiving member was updated from 77.0 to 78.0.

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Full legislative history

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Key actions

Committee

Amendments

Feb 25, 2026

Lower · Passed

PRINT NUMBER 5885A

lower

Feb 25, 2026

Lower · Passed

AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES

lower

Jan 7, 2026

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

Feb 24, 2025

Committee

REFERRED TO GOVERNMENTAL EMPLOYEES

lower

1 primary · 0 co-sponsors