New York A06978 increases the earnings cap for retirees in public service positions to $50,000 starting in 2026.

New York A06978 amends the retirement and social security law to raise the earnings limit for retirees who take on public service positions. Starting in 2026, retirees can earn up to $50,000 in such positions without affecting their retirement benefits. This change updates the previous cap of $35,000 for the years 2020 through 2025. The bill takes effect immediately upon enactment.

New York A06978 increases the earnings cap for retirees in public service positions to $50,000 starting in 2026.

New York A06978 amends the retirement and social security law to raise the earnings limit for retirees who take on public service positions. Starting in 2026, retirees can earn up to $50,000 in such positions without affecting their retirement benefits. This change updates the previous cap of $35,000 for the years 2020 through 2025. The bill takes effect immediately upon enactment.