S 10630 New York Senate · 2025 Regular Session

Relates to other post-employment benefits reserve funds for counties, cities, villages and towns

Summary

Authorizes the governing board of any county, city, village or town to establish one or more other post-employment benefits reserve funds for the financing of all or part of the cost of providing other post-employment benefits to eligible retired employees and their dependents.

Bill status in committee 1 of 4 stages cleared

Introduction

Jun 2026

Committee Review

Floor Vote

Governor

Introduced Jun 1, 2026 Last action Jun 3, 2026

Maddy AI version diff · 1 comparison

What changed between versions

S10630 → S10630A · 2 edits

MINOR

This bill removes 'school districts' from the list of entities allowed to establish Other Post-Employment Benefits (OPEB) reserve funds, limiting the program to counties, cities, villages, and towns only. Additionally, a new requirement is added mandating that the chief fiscal officer maintain a separate account for each established fund, improving financial tracking and transparency.

Scope change

The bill's scope is narrowed by excluding school districts from the ability to create OPEB reserve funds.

SCOPE

School districts are no longer included as eligible entities to establish OPEB reserve funds.

REQUIREMENT

A new provision requires the chief fiscal officer to keep a separate account for each OPEB fund to ensure distinct financial records.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 3, 2026

Upper · Passed

PRINT NUMBER 10630A

upper

Jun 3, 2026

Upper · Passed

AMEND (T) AND RECOMMIT TO RULES

upper

Jun 1, 2026

Committee

REFERRED TO RULES

upper

1 primary · 0 co-sponsors