New York S06956 increases the earnings limit for retired public employees returning to work from $35,000 to $65,000 starting in 2027.

New York S06956 amends the Retirement and Social Security Law to raise the earnings limit for retired public employees who return to work from $35,000 to $65,000 beginning in 2027. This change affects retirees from the New York State and Local Retirement System, the New York State Teachers' Retirement System, and the New York State and Local Police and Fire Retirement System. The bill specifies that the increased earnings limit will apply to retirees under age 65, with no limit for those aged 65 and above.

New York S06956 increases the earnings limit for retired public employees returning to work from $35,000 to $65,000 starting in 2027.

New York S06956 amends the Retirement and Social Security Law to raise the earnings limit for retired public employees who return to work from $35,000 to $65,000 beginning in 2027. This change affects retirees from the New York State and Local Retirement System, the New York State Teachers' Retirement System, and the New York State and Local Police and Fire Retirement System. The bill specifies that the increased earnings limit will apply to retirees under age 65, with no limit for those aged 65 and above.