New York · 2025 Regular Session · Bill

A 7428: Extends for four fiscal years the current 7% per annum statutory rate of interest used in valuing retirement system liabilities for the purpose of computing the amount of employer contributions

Enacted Last action June 18, 2025: SIGNED CHAP.139

Plain-language summary

A 7428 is a bill introduced in the New York House on March 26, 2025. According to its official title, it concerns: Extends for four fiscal years the current 7% per annum statutory rate of interest used in valuing retirement system liabilities for the purpose of computing the amount of employer contributions. Primary sponsor: Stacey Pheffer Amato (Democratic). Most recent recorded action (June 18, 2025): SIGNED CHAP.139.

Sponsors

Primary sponsor: Stacey Pheffer Amato (Democratic).