New York A09637 protects retiree health insurance benefits from being reduced below their 2021 value.

New York A09637 amends the civil service law to ensure that health insurance benefits for retired officers, employees, and their dependents cannot be reduced below the actuarial value as of December 31, 2021. This protection applies to all retirees as of the bill's effective date. For those retiring after the bill's enactment, employers and employee organizations can negotiate alternative benefits, provided they offer equal or greater value.

New York A09637 protects retiree health insurance benefits from being reduced below their 2021 value.

New York A09637 amends the civil service law to ensure that health insurance benefits for retired officers, employees, and their dependents cannot be reduced below the actuarial value as of December 31, 2021. This protection applies to all retirees as of the bill's effective date. For those retiring after the bill's enactment, employers and employee organizations can negotiate alternative benefits, provided they offer equal or greater value.