Provides cost-of-living adjustments for certain public retirees

Latest action May 5, 2026

Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.

Not chosen yet

Where it stands

Out of committee and scheduled for a vote by the full chamber.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A5307, the matching bill in the Assembly.

Amends the Retirement and Social Security Law.

Committee

Civil Service And Pensions · New York State Senate

Also referred to Governmental Employees · New York State Assembly.

Purpose, from the sponsor's memo

To protect public retirees from continued erosion of their retirement income due to inflation.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Committee vote · Civil Service And Pensions
Senate Civil Service And PensionsMay 5, 2026Result: passed
(7) (0) (0) (0)

Cosponsors

Andrew Gounardes, Cordell Cleare and 8 more on Agora

Democratic10

See the full list on nysenate.gov

The sponsor's argument

Why Robert Jackson says this is needed

Significant strides were made by the enactment of Chapter 125 of the Laws of 2000, which instituted cost-of-living increases for public reti- rees. While the CPI has remained very modest since the enactment of COLA, other costs have had a significant impact on retiree security. For example, medical costs including copayments, premiums, and medication have been rising at a rate far in excess of the CPI. Recent federal amendments to the Medicare law, especially the prescription drug cover- age, are likely to cause a significant increase in retired public employee health care costs. This adjustment to COLA benefits will provide needed but modest protection for retirees in the event the CPI increases at a dramatic rate. This bill will help assure public retirees achieve a dignified and secure retirement, allowing them to continue to contribute more effectively to the long-term health of our economy.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

May 5, 2026
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Apr 23, 2026
Amend and Recommit to Governmental Employees
AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
NY Assembly
Apr 20, 2026
Amend and Recommit to Civil Service and Pensions
AMEND AND RECOMMIT TO CIVIL SERVICE AND PENSIONS
NY Senate
Jan 15, 2026
Amend and Recommit to Governmental Employees
AMEND AND RECOMMIT TO GOVERNMENTAL EMPLOYEES
NY Assembly
Jan 7, 2026
Referred to committee
REFERRED TO CIVIL SERVICE AND PENSIONS
NY Senate

Show full history (3 earlier events)

Jan 7, 2026
Referred to committee
REFERRED TO GOVERNMENTAL EMPLOYEES
NY Assembly
Feb 13, 2025
Referred to committee
REFERRED TO GOVERNMENTAL EMPLOYEES
NY Assembly
Jan 27, 2025
Referred to committee
REFERRED TO CIVIL SERVICE AND PENSIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Nov 1, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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