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) ocd-bill/d4c7f45c-c7ca-40fa-8383-d247926d8160 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
| Motion / question | Chamber | Stage | Roll | Outcome | Yea | Nay | Other | Date | Source |
|---|---|---|---|---|---|---|---|---|---|
| Floor Vote | upper | — | 992c426f-de94-49b8-9ec6-b9091ed218c0 | pass | 56 | 0 | 5 | Jun 10, 2025 | Open States bulk CSV (bills/votes) ocd-vote/992c426f-de94-49b8-9ec6-b9091ed218c0 CC0-1.0 |
| Assembly Vote | lower | — | 01414f32-5f9c-478b-ac29-ccb2987d56e5 | pass | 141 | 0 | 5 | Jun 4, 2025 | Open States bulk CSV (bills/votes) ocd-vote/01414f32-5f9c-478b-ac29-ccb2987d56e5 CC0-1.0 |