S 5435 New York Senate · 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 vacation payment he earned, plus accrued interest from his retirement date. Grossman must apply within one year of the bill's effective date to the state comptroller. The city of New York will cover all costs related to implementing this change.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 21, 2025 Last action May 18, 2026

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What changed between versions

S5435 → S5435A · 4 edits

MODERATE

This bill was amended to update its version number and procedural history, reflecting that it has been reprinted after committee action. The most significant substantive change is the update of actuarial financial projections, which shifted the analysis period from fiscal years 2026-2050 to 2027-2051 and adjusted the estimated employer contribution costs and present value of benefits accordingly.

Scope change

The bill's scope remains the same, authorizing Jonathan Grossman to apply for a recalculation of his retirement benefits, but the financial data used to justify the cost has been updated to reflect a one-year shift in the projection timeline.

FISCAL

The projected timeline for employer contributions was shifted forward by one year, changing the start date from fiscal year 2026 to 2027.

The estimated total present value of benefits increased from $325,000 to $342,000, and the first-year employer contribution projection increased from $360,000 to $378,000.

TECHNICAL

The census data reference date 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.

Procedural text was added to indicate the bill was reprinted as amended and recommitted to the committee following Senate Rule 6.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 18, 2026

Upper · Passed

PRINT NUMBER 5435A

upper

May 18, 2026

Upper · Passed

AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

upper

Jan 7, 2026

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

Feb 21, 2025

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

1 primary · 0 co-sponsors