senate Bill S168

Amended

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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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 05 / Jan / 2011
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 04 / Jan / 2012
    • REFERRED TO CIVIL SERVICE AND PENSIONS
  • 29 / Feb / 2012
    • 1ST REPORT CAL.254
  • 01 / Mar / 2012
    • 2ND REPORT CAL.
  • 05 / Mar / 2012
    • ADVANCED TO THIRD READING
  • 14 / Mar / 2012
    • AMENDED ON THIRD READING 168A
  • 21 / Jun / 2012
    • COMMITTED TO RULES

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.

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Bill Details

Versions:
S168
S168A
Legislative Cycle:
2011-2012
Current Committee:
Senate Rules
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd ยง1000, R & SS L
Versions Introduced in 2009-2010 Legislative Cycle:
S3548

Votes

11
0
11
Aye
0
Nay
1
aye with reservations
0
absent
0
excused
0
abstained
show Civil Service and Pensions committee vote details

Sponsor Memo

BILL NUMBER:S168

TITLE OF BILL: 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

PURPOSE: To provide an eligible member of the retirement system with
the opportunity to purchase service credit for certain military
service with at least two years of credited service instead of the
current five.

SUMMARY OF PROVISIONS: This bill would act as an amendment to Section
1. Subdivision 3 of section 1000 of the retirement and social security
law, as added by chapter 548 of the laws of 2000, to provide those
members whom have at least two years of credited service to purchase
service credit for military service. By doing so, the additional
military service credit could provide a vested retirement benefit
where a retirement benefit would previously not have existed. This
bill would affect the New York State and Local Employees' Retirement
System as well as the New York State and Local Police and Fire
Retirement System. The cost attributed to the members will depend upon
the coverage plan selected, the salary and the age of the members whom
will be receiving an increased benefit. This cost will be shared by
both the State of New York and all participating employers in the New
York State and Local Employees' Retirement System and the New York and
Local Police and Fire Retirement System.

JUSTIFICATION: The purpose of this bill is to aid those whom have
courageously served the United States in the military and provide the
opportunity to accredit them service credit only after two years spent
working for the Retirement System. By shorting the period of time
necessary to purchase the service credit to two years, this bill
allows those members whom had not attained a minimum of five years of
service to purchase credit earlier.

BILL HISTORY: S.6812 of 2007/2008; delivered to Assembly, Referred to
Governmental Employees.
S.3548/A.7136 of 2009/2010; Referred to Civil Services and Pensions

FISCAL IMPLICATIONS: See fiscal note.

EFFECTIVE DATE: This act shall take effect immediately.

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

                                   168

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sens. MAZIARZ, ALESI, BONACIC, FUSCHILLO, GOLDEN, GRIFFO,
  LARKIN, LIBOUS, LITTLE, RANZENHOFER, SEWARD -- 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.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00545-01-1

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