S 5058 New York Senate · 2025 Regular Session

Affords certain members of the fire department pension fund with new or increased pension benefits for each year of additional service beyond their required minimum service

Summary

Affords certain members of the fire department pension fund with new or increased pension benefits for each year of additional service beyond their required minimum service.

Issues: ✓ Labor & Employment

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 18, 2025 Last action Apr 29, 2026

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What changed between versions

S5058 → S5058A · 5 edits

MODERATE

The bill was amended to add a second sponsor and update the legislative history to reflect that the committee has discharged the bill and ordered it reprinted. The fiscal analysis was updated to reflect a new baseline date of June 30, 2025, resulting in higher projected costs and actuarial liabilities. The summary of the pension benefit change was also adjusted to align with the updated fiscal data.

Scope change

The bill's substantive scope regarding pension benefits remains unchanged, but the fiscal projections and actuarial data are now based on a later date (June 30, 2025) and include updated member census figures.

TIMELINE

The bill's introduction history was updated to include a second sponsor (Sen. SCARCELLA-SPANTON) and to note that the committee has discharged the bill and ordered it reprinted.

FISCAL

The fiscal note was updated with new cost projections starting in Fiscal Year 2027 instead of 2026, reflecting a shift in the baseline analysis date.

The actuarial present value of benefits increased from $1.3 billion to $1.69 billion due to the updated valuation date and member data.

The amortization payment for unfunded liabilities increased from $79.8 million to $94.9 million per year.

TECHNICAL

Census data for active members was updated to reflect a population of 11,178 as of June 30, 2025, with slightly lower average age and salary figures.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 29, 2026

Upper · Passed

PRINT NUMBER 5058A

upper

Apr 29, 2026

Upper · Passed

AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

upper

Jan 7, 2026

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

Apr 29, 2025

Committee

REPORTED AND COMMITTED TO FINANCE

upper

Feb 18, 2025

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

1 primary · 1 co-sponsor