New York S10471 increases cost-of-living adjustments for surviving spouses of deceased retirees from 50% to 100%.

New York S10471 amends the retirement and social security law, the education law, and the administrative code of the city of New York to increase the cost-of-living adjustment (COLA) for surviving spouses of deceased retirees from 50% to 100% of the COLA the retiree would have received if still alive. This change applies to retirees who elected an option providing lifetime benefits to their surviving spouse. The increased COLA benefit will be effective with the September 2027 payment.

New York S10471 increases cost-of-living adjustments for surviving spouses of deceased retirees from 50% to 100%.

New York S10471 amends the retirement and social security law, the education law, and the administrative code of the city of New York to increase the cost-of-living adjustment (COLA) for surviving spouses of deceased retirees from 50% to 100% of the COLA the retiree would have received if still alive. This change applies to retirees who elected an option providing lifetime benefits to their surviving spouse. The increased COLA benefit will be effective with the September 2027 payment.