S 7670 New York Senate · 2025 Regular Session

Sets the increase to the overtime ceiling as a fixed percentage

Bill S 7670 modifies how the overtime ceiling is calculated for retirement benefits for members of the New York state and local employees' retirement system. Currently, the overtime ceiling for members who joined before April 1, 2012, increases by a fixed three percent annually. For those who joined on or after April 1, 2012, the increase is based on the Consumer Price Index (CPI-U). This bill, effective January 1, 2026, would ensure that for members who joined on or after April 1, 2012, the overtime ceiling increase is either three percent or the annual inflation rate based on the CPI-U, whichever is greater.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2025

Committee Review

Floor Vote

Governor

Introduced Apr 28, 2025 Last action Jan 9, 2026

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What changed between versions

S7670 → S7670A · 3 edits

MINOR

This bill updates the overtime ceiling increase rules for New York State and Local Employees' Retirement System (NYSLERS) members, changing the effective date for the new 'greater of 3% or inflation' rule from January 1, 2026 to January 1, 2027. The change reflects a one-year delay in when the enhanced cost-of-living adjustment applies to newer Tier 6 members.

Scope change

The bill's scope remains focused on NYSLERS Tier 6 members, but the timeline for applying the enhanced benefit increase was extended by one year.

TIMELINE

The date for implementing the new overtime ceiling increase rule (greater of 3% or inflation) for Tier 6 members was changed from January 1, 2026 to January 1, 2027.

FISCAL

The fiscal impact estimate was updated, increasing the projected present value of benefits from $290 million to $400 million, with required contributions also rising from $290 million to $400 million.

The fiscal note was updated to reflect the revised one-year delay, changing the effective date for the enhanced benefit increase from 2026 to 2027.

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 9, 2026

Upper · Passed

PRINT NUMBER 7670A

upper

Jan 9, 2026

Upper · Passed

AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS

upper

Jan 7, 2026

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

Apr 28, 2025

Committee

REFERRED TO CIVIL SERVICE AND PENSIONS

upper

1 primary · 1 co-sponsor