New York · 2025-2026
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
Bill record: Open States bulk CSV (bills/votes) CC0-1.0
Summary AI-generated
New York Bill A 7428 proposes to extend the current 7% per annum statutory interest rate used for valuing retirement system liabilities for four fiscal years. This rate is specifically applied to compute the amount of employer contributions.
Software-generated, grounded only in the bill's own fields (it does not invent outcomes, amounts, or dates). Provenance: Open States bulk CSV (bills/votes) CC0-1.0 GovTally LLM enrichment (local oMLX)
Issue tags AI-classified
Classified by a local model from the bill's text; confidence shown. GovTally LLM enrichment (local oMLX)
Sponsors
- Stacey Pheffer Amato Democratic lead
Roll-call votes on this bill
| Question | Chamber | Result | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|
| Floor Vote | upper | pass | 56 | 0 | 5 | Jun 10, 2025 | Open States bulk CSV (bills/votes) CC0-1.0 |
| Assembly Vote | lower | pass | 141 | 0 | 5 | Jun 4, 2025 | Open States bulk CSV (bills/votes) CC0-1.0 |