Lawmakers Introduce Bill to Provide Over $5.9 Billion in Federal Aid for 9/11 Pension Costs
New legislation has been introduced in both the House and Senate to authorize over $5.9 billion in federal funds to reimburse public employee retirement systems for death and disability benefits stemming from the September 11, 2001, terror attacks. The House version was introduced by Long Island GOP Rep. Andrew Garbarino (R-Bayport), Chairman of the House Committee on Homeland Security, and the Senate version by New York Democratic Sen. Kirsten Gillibrand. They are joined by initial co-sponsors including Senate Minority Leader Chuck Schumer and eight other New York-based U.S. House members, two of whom are Republicans. The bill aims to ensure that New York and other eligible public pension systems, whose members participated in 9/11 rescue, recovery, or cleanup operations, do not bear the financial burden alone. This initiative comes as the costs associated with the 9/11 attacks continue to rise for New York State and City pension systems, which previously received $290 million from FEMA for initial death ...