New York · 2025 Regular Session · Bill

S 8361: 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

In committee Last action June 10, 2025: SUBSTITUTED BY A7428

Plain-language summary

S 8361 is a bill introduced in the New York Senate on June 5, 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: Robert Jackson (Democratic/Working Families). Most recent recorded action (June 10, 2025): SUBSTITUTED BY A7428.

Sponsors

Primary sponsor: Robert Jackson (Democratic/Working Families).