Directs the office of the state comptroller to conduct a study on establishing a universal pension system in the state of New York; requires the office of the state comptroller to submit a report of such study.
STATE OF NEW YORK
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10677
IN SENATE
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:
1 Section 1. The office of the state comptroller is authorized and
2 directed to conduct a comprehensive study regarding establishing a
3 universal pension system in the state of New York. Such study shall
4 include, but shall not be limited to:
5 (a) an estimate of the number of New Yorkers who would be eligible for
6 a universal pension;
7 (b) an analysis of including nontraditional workers, such as gig,
8 part-time, and seasonal workers in such universal pension system;
9 (c) a review of universal pension systems in other countries, such as
10 New Zealand, Denmark, and Norway;
11 (d) an analysis of the possible funding mechanisms for such universal
12 pension system, such as employee contributions, employer contributions,
13 voluntary contributions, and state support;
14 (e) an assessment of the short-term fiscal impacts on the state,
15 employers, and employees;
16 (f) an assessment of the long-term fiscal impacts on the state,
17 employers, and employees;
18 (g) an examination of how a universal pension would interact with
19 social security, Medicare, and other federal retirement programs;
20 (h) an identification of statutory changes needed in New York state
21 law to create such universal pension system; and
22 (i) an evaluation of the potential ways such universal pension system
23 could be structured.
24 § 2. No later than one year after the effective date of this act, the
25 office of the state comptroller shall submit a report of such study to
26 the governor, the temporary president of the senate, the speaker of the
27 assembly, the minority leader of the senate, the minority leader of the
28 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
1 ations committee, the ranking member of the senate investigations and
2 government operations committee, the chair of the assembly government
3 operations committee, and the ranking member of the assembly government
4 operations committee.
5 § 3. This act shall take effect on the ninetieth day after it shall
6 have become a law.
