New York Senate Bill S07755

New York 2025-2026 Regular Session

• Introduced: 5/5/25
• Refer: 5/5/25
• Report Pass: 5/13/25

Caption

Relates to the election of retirement benefits for certain members of the New York state and local employees' retirement system who are employed by the office of mental health.

Note

The bill reflects an effort to adapt retirement systems to better meet the needs of specific public service employees, aiming to enhance job retention and employee satisfaction.

Impact

The enactment of S07755 would create a significant change in how retirement benefits are structured for those working in mental health security roles. Currently, employees must select their retirement plan within one year of starting their position; this bill loosens that requirement by enabling a one-time election outside of the existing conditions. The estimated financial implications for the state involve an increase in contributions totaling approximately $2.2 million annually, with an immediate one-time past service cost estimated at $19.4 million to be borne by the state.

Summary

Senate Bill S07755 seeks to amend the retirement and social security law concerning specific members of the New York State and Local Employees' Retirement System (NYSLERS) who are employed by the Office of Mental Health. The bill allows these employees, particularly those holding titles such as security hospital treatment assistant, to make an irrevocable election between two retirement plan options: an Age-55 plan or a 25-year service plan. This election is designed to provide more flexibility for those within these roles regarding their retirement benefits.

Contention

There are potential points of contention regarding the financial impact and the fairness of providing certain groups with such options while others may not have similar opportunities. Supporters of the bill may argue that the flexibility in choosing retirement plans is a recognition of the unique roles performed by mental health security personnel, while critics might raise concerns about the sustainability of the proposed financial changes and their long-term effects on the pension system. Additionally, the bill includes a sunset provision of 180 days post-enactment, which may also invite discussions about its longevity and viability.