New York A08207 proposes to lower the eligibility age for cost-of-living adjustments in public retirement systems.

The New York A08207 bill proposes to amend the eligibility criteria for cost-of-living adjustments (COLA) in New York public retirement systems. Effective September 1, 2026, COLA would be payable to retirees who have attained age 55 and have been retired for at least five years. This change primarily benefits current and former members of Tiers 1-5, while the cost of this benefit improvement will be borne by current and future members of Tier 6.

New York A08207 proposes to lower the eligibility age for cost-of-living adjustments in public retirement systems.

The New York A08207 bill proposes to amend the eligibility criteria for cost-of-living adjustments (COLA) in New York public retirement systems. Effective September 1, 2026, COLA would be payable to retirees who have attained age 55 and have been retired for at least five years. This change primarily benefits current and former members of Tiers 1-5, while the cost of this benefit improvement will be borne by current and future members of Tier 6.