A bill that alters public pension benefits must be initiated by the State Legislature, approved by both the Assembly and Senate, and signed into law by the governor.
NYSTRS constantly monitors pending legislation that would affect the retirement benefits of our members. As of today, the following is the status of pending legislation that impacts NYSTRS members.
Earnings in Retirement
S 1866-B / A 2858-B
Passed Both Houses of Legislature
Pending Delivery to Governor
This legislation proposes to increase from $30,000 to $35,000 the amount a retired NYSTRS member under age 65 may earn in New York State public employment through Section 212 of the Retirement & Social Security Law. If enacted, the change would take effect beginning in calendar year 2020.