A.9162A/S.7635B would not require every eligible public employer to offer the plan. The State, a county, or a municipality would have to obtain a NYSLRS cost estimate, elect the benefit by resolution, and pay the attributable cost. If an employer elects, covered Article 14 members then have a separate one-year written, irrevocable election. Title, duty, service, special-plan, and individual-record rules control.
Final Fiscal Note 2026-40 estimates a 7% increase in annual employer contributions on salary paid to affected members. It estimates past-service cost that varies by employer but averages approximately 30% of affected-member salary, payable once or over five or ten years, plus administrative costs. It says the statewide number of affected current and future members is not readily determined; an employer roster is needed for the exact local estimate.
On-screen text transcript: Optional means employer choice. This is not a statewide employer mandate. The State, a county, or a municipality chooses whether to elect the plan. Before voting, the employer receives a NYSLRS cost estimate. The electing employer pays the attributable cost. Covered Article 14 members then have a separate one-year written, irrevocable election. Law and NYSLRS control individual eligibility. Support A.9162A/S.7635B and ask Governor Hochul to sign it when it reaches her desk.
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