Increases the earnings limitation for retired public service workers from $35,000 to $65,000 starting in 2027.

This bill amends the retirement and social security law to increase the earnings limitation for retired persons in positions of public service from $35,000 to $65,000 starting in 2027. Currently, if a retiree returns to public employment, their retirement allowance is suspended if their earnings exceed $35,000. The new law will raise this limit to $65,000. The change will affect retirees who return to public service and earn over the new limit. The bill does not specify how the increased costs will be funded.

Increases the earnings limitation for retired public service workers from $35,000 to $65,000 starting in 2027.

This bill amends the retirement and social security law to increase the earnings limitation for retired persons in positions of public service from $35,000 to $65,000 starting in 2027. Currently, if a retiree returns to public employment, their retirement allowance is suspended if their earnings exceed $35,000. The new law will raise this limit to $65,000. The change will affect retirees who return to public service and earn over the new limit. The bill does not specify how the increased costs will be funded.