Senate Bill S4761A

Signed By Governor
2013-2014 Legislative Session

Clarifies the maximum salary which may be used to calculate the ordinary death benefit of members of the public retirement systems of the state

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Archive: Last Bill Status Via A4983 - Signed by Governor


  • 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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Bill Amendments

2013-S4761 - Details

See Assembly Version of this Bill:
A4983
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448, 508 & 606, R & SS L

2013-S4761 - Summary

Clarifies the maximum salary which may be used to calculate the ordinary death benefit of members of the public retirement systems of the state.

2013-S4761 - Sponsor Memo

2013-S4761 - Bill Text download pdf

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

                                  4761

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 22, 2013
                               ___________

Introduced by Sen. GOLDEN -- (at request of the New York State Teachers'
  Retirement System) -- 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
  clarifying the maximum salary which may be used to calculate the ordi-
  nary death benefit of members of the public retirement systems of  the
  state

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

  Section 1. Subdivision c of section 448 of the retirement  and  social
security  law, as amended by chapter 510 of the laws of 1974, is amended
to read as follows:
  c. For the purpose of  this  section,  salary  shall  be  the  regular
compensation earned during the member's last twelve months of service in
full  pay  status  as a member or, if he OR SHE had not completed twelve
months of service prior to the date of death, but  was  subject  to  the
provisions  of subdivision b of this section, the compensation he OR SHE
would have earned had he OR SHE worked for the twelve  months  prior  to
such  date;  provided,  however,  for the purpose of this section salary
shall exclude any form of  termination  pay  (which  shall  include  any
compensation in anticipation of retirement), or any lump sum payment for
deferred  compensation sick leave, or accumulated vacation credit or any
other payment for time not  worked  (other  than  compensation  received
while  on  sick  leave  or  authorized leave of absence) and in no event
shall it exceed the maximum salary  specified  in  section  one  hundred
thirty  of  the  civil service law, AS ADDED BY PART B OF CHAPTER TEN OF
THE LAWS OF TWO THOUSAND EIGHT,  OR  THE  MAXIMUM  SALARY  SPECIFIED  IN
SECTION  ONE  HUNDRED  THIRTY  OF  THE  CIVIL  SERVICE LAW, AS HEREAFTER
AMENDED, WHICHEVER IS GREATER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08981-03-3

S. 4761                             2
              

2013-S4761A (ACTIVE) - Details

See Assembly Version of this Bill:
A4983
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448, 508 & 606, R & SS L

2013-S4761A (ACTIVE) - Summary

Clarifies the maximum salary which may be used to calculate the ordinary death benefit of members of the public retirement systems of the state.

2013-S4761A (ACTIVE) - Sponsor Memo

2013-S4761A (ACTIVE) - Bill Text download pdf

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

                                 4761--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 22, 2013
                               ___________

Introduced by Sen. GOLDEN -- (at request of the New York State Teachers'
  Retirement System) -- read twice and ordered printed, and when printed
  to  be  committed  to  the  Committee on Civil Service and Pensions --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to amend the retirement and social security law, in relation to
  clarifying the maximum salary which may be used to calculate the ordi-
  nary death benefit of members of the public retirement systems of  the
  state

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

  Section 1. Subdivision c of section 448 of the retirement  and  social
security  law, as amended by chapter 510 of the laws of 1974, is amended
to read as follows:
  c. For the purpose of  this  section,  salary  shall  be  the  regular
compensation earned during the member's last twelve months of service in
full  pay  status  as a member or, if he OR SHE had not completed twelve
months of service prior to the date of death, but  was  subject  to  the
provisions  of subdivision b of this section, the compensation he OR SHE
would have earned had he OR SHE worked for the twelve  months  prior  to
such  date;  provided,  however,  for the purpose of this section salary
shall exclude any form of  termination  pay  (which  shall  include  any
compensation in anticipation of retirement), or any lump sum payment for
deferred  compensation sick leave, or accumulated vacation credit or any
other payment for time not  worked  (other  than  compensation  received
while  on  sick  leave  or  authorized leave of absence) and in no event
shall it exceed the maximum salary  specified  in  section  one  hundred
thirty  of  the  civil service law, AS ADDED BY PART B OF CHAPTER TEN OF
THE LAWS OF TWO THOUSAND EIGHT,  OR  THE  MAXIMUM  SALARY  SPECIFIED  IN
SECTION  ONE  HUNDRED  THIRTY  OF  THE  CIVIL  SERVICE LAW, AS HEREAFTER
AMENDED, WHICHEVER IS GREATER.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08981-11-3
              

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