New York Assembly Bill A09267

New York 2025-2026 Regular Session

• Introduced: 11/21/25
• Refer: 11/21/25
• Refer: 1/7/26

Caption

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.

Impact

Should this bill pass, it could lead to significant changes in New York's retirement architecture. The study will explore potential funding mechanisms, which may include contributions from employees, employers, and state support. Additionally, it will assess both short-term and long-term fiscal impacts on the state's economy and its residents. A universal pension system could reshape the financial security of New Yorkers, particularly in light of the changing nature of work.

Summary

Bill A09267 is a legislative proposal directed at conducting a comprehensive study on establishing a universal pension system in New York State. The bill mandates the Office of the State Comptroller to assess the feasibility and implications of such a system, considering various demographic factors, including eligibility for nontraditional workers such as gig, part-time, and seasonal employees. The study is expected to evaluate international models of universal pension systems, particularly focusing on countries like New Zealand, Denmark, and Norway.

Contention

Among the notable points of contention surrounding Bill A09267 is the inclusion of nontraditional workers into a universal pension system, as this raises questions regarding the implementation and sustainability of such a program. Another area of potential debate is how a universal pension would interact with existing federally funded programs such as Social Security and Medicare, which could complicate public perceptions and legislative support. Furthermore, the bill may require changes to state statutes, prompting discussions about regulatory adjustments and the broader impact on fiscal policies.