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Neutral Bill Mar 16, 2026

Reduces the minimum nonforfeiture interest rate for annuities from one percent to one half of one percent for annuities during the surrender charge period, and from one percent to fifteen hundredths of one percent during any contract period with no surrender charge.

Reduces the minimum nonforfeiture interest rate for annuities from one percent to one half of one percent for annuities during the surrender charge period, and from one percent to fifteen hundredths of one percent during any contract period with no surrender charge.

https://legiscan.com/NY/bill/S05315/2025
Bill data from LegiScan, used under CC BY 4.0.
Jamaal Bailey State Senator
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