S 10677

                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
                                   10677
                             I N  S E N A T E
                              August 12, 2026
                                ___________
 Introduced  by  Sen. JACKSON -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 AN ACT directing the office of the state comptroller to conduct a  study
   on establishing a universal pension system in the state of New York
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
   Section 1. The office of  the  state  comptroller  is  authorized  and
 directed  to  conduct  a  comprehensive  study  regarding establishing a
 universal pension system in the state of  New  York.  Such  study  shall
 include, but shall not be limited to:
   (a) an estimate of the number of New Yorkers who would be eligible for
 a universal pension;
   (b)  an  analysis  of  including  nontraditional workers, such as gig,
 part-time, and seasonal workers in such universal pension system;
   (c) a review of universal pension systems in other countries, such  as
 New Zealand, Denmark, and Norway;
   (d)  an analysis of the possible funding mechanisms for such universal
 pension system, such as employee contributions, employer  contributions,
 voluntary contributions, and state support;
   (e)  an  assessment  of  the  short-term  fiscal impacts on the state,
 employers, and employees;
   (f) an assessment of  the  long-term  fiscal  impacts  on  the  state,
 employers, and employees;
   (g)  an  examination  of  how  a universal pension would interact with
 social security, Medicare, and other federal retirement programs;
   (h) an identification of statutory changes needed in  New  York  state
 law to create such universal pension system; and
   (i)  an evaluation of the potential ways such universal pension system
 could be structured.
   § 2. No later than one year after the effective date of this act,  the
 office  of  the state comptroller shall submit a report of such study to
 the governor, the temporary president of the senate, the speaker of  the
 assembly,  the minority leader of the senate, the minority leader of the
 assembly, the chair of the senate investigations  and  government  oper-
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14075-01-5
 S. 10677                            2
 ations  committee,  the  ranking member of the senate investigations and
 government operations committee, the chair of  the  assembly  government
 operations  committee, and the ranking member of the assembly government
 operations committee.
   §  3.  This  act shall take effect on the ninetieth day after it shall
 have become a law.