Fabio
74 lines
3.7 KiB
Markdown
74 lines
3.7 KiB
Markdown
---
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type: "Bill"
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title: "Relates to the rate of interest used in the actuarial valuation of certain liabilities"
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description: "Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, the fire department pension fund and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems."
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jurisdiction: "us/states/ny"
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legislature: "New York Legislature"
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session: "2017-2018"
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identifier: "A 7988"
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citation: "New York A 7988 (2017-2018)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["ABBATE"]
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version_count: 2
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action_count: 15
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vote_count: 2
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first_action: "2017-05-24"
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last_action: "2017-06-29"
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source: "openstates"
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source_identifier: "ocd-bill/b7289f4d-f1b4-4ad7-a653-027d3779ba03"
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source_url: "http://www.nysenate.gov/legislation/bills/2017/A7988"
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source_hash: "4db337330a40618a201678ac688ec9451175c03072f0c5370c954aa9af3990a0"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ny"]
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---
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# New York A 7988 (2017-2018) — Relates to the rate of interest used in the actuarial valuation of certain liabilities
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Relates to the rate of interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, the fire department pension fund and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems, the crediting of special interest and additional interest to members of such retirement systems, and the allowance of supplementary interest on the funds of such retirement systems.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **A7988 HTML** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=A7988&term=2017&Text=Y)
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2. **A7988 PDF** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2017/A7988)
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## Votes
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- Assembly Vote — **138–0** (pass) · lower
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- Floor Vote — **62–0** (pass) · upper
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## Sponsors
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- ABBATE — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2017-05-24** REFERRED TO GOVERNMENTAL EMPLOYEES `referral-committee`
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- **2017-06-06** REPORTED REFERRED TO WAYS AND MEANS `referral-committee`
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- **2017-06-08** REPORTED REFERRED TO RULES `referral-committee`
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- **2017-06-13** REPORTED
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- **2017-06-13** RULES REPORT CAL.257
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- **2017-06-13** ORDERED TO THIRD READING RULES CAL.257
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- **2017-06-14** PASSED ASSEMBLY `passage`
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- **2017-06-14** DELIVERED TO SENATE
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- **2017-06-14** REFERRED TO RULES `referral-committee`
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- **2017-06-19** SUBSTITUTED FOR S5821
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- **2017-06-19** 3RD READING CAL.1961
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- **2017-06-19** PASSED SENATE `passage`
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- **2017-06-19** RETURNED TO ASSEMBLY
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- **2017-06-28** DELIVERED TO GOVERNOR `executive-receipt`
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- **2017-06-29** SIGNED CHAP.71 `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b7289f4d-f1b4-4ad7-a653-027d3779ba03`. Confidence: reported (aggregated from official New York legislature records).
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