Senate Bill S3548

2009-2010 Legislative Session

Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service

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Sponsored By

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S3548 (ACTIVE) - Details

See Assembly Version of this Bill:
A7136
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §1000, R & SS L
Versions Introduced in Other Legislative Sessions:
2011-2012: S168, A2055
2013-2014: A4936

2009-S3548 (ACTIVE) - Summary

Provides that an eligible member of the public retirement system may buy service credit for certain military service with two years of credited service.

2009-S3548 (ACTIVE) - Sponsor Memo

2009-S3548 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3548

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             March 24, 2009
                               ___________

Introduced  by Sens. MAZIARZ, ALESI, BONACIC, FUSCHILLO, GOLDEN, GRIFFO,
  LARKIN, LIBOUS, LITTLE,  MORAHAN,  OPPENHEIMER,  RANZENHOFER,  SEWARD,
  VOLKER  --  read  twice  and  ordered  printed, and when printed to be
  committed to the Committee on Civil Service and Pensions

AN ACT to amend the retirement and social security law, in  relation  to
  allowing  an eligible member of the public retirement system to obtain
  service credit for certain military service if  such  person  has  two
  years of credited service

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 3 of section 1000 of the retirement and  social
security law, as added by chapter 548 of the laws of 2000, is amended to
read as follows:
  3.  A  member  must have at least [five] TWO years of credited service
(not including service granted hereunder)  to  be  eligible  to  receive
credit under this section.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--This bill would amend Chapter 548 of the laws of 2000 to
allow  members  who  have  at least two (2) years of credited service to
purchase service credit for military service. Previously a member needed
at least five (5) years of credited service to be eligible  to  purchase
such service credit.
  For members that purchase military service credit who ordinarily would
not  have attained five years of service credit, the additional military
service credit could provide a vested retirement benefit where a retire-
ment benefit would not have existed.
  Insofar as this bill would affect the New York State and Local Employ-
ees' Retirement System and the New York State and Local Police and  Fire
Retirement System, there will be a cost for such members. Such cost will
depend  on  the plan coverage, salary and age of the members who will be
receiving an increased benefit. This cost will be shared by the State of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01959-02-9

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