Senate Bill S5286

2019-2020 Legislative Session

Relates to establishing a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs

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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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2019-S5286 (ACTIVE) - Details

See Assembly Version of this Bill:
A7615
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Add §89-x, amd §§445, 603 & 604, R & SS L
Versions Introduced in Other Legislative Sessions:
2021-2022: S4859, S8652, A6062, A9861
2023-2024: S5239, S9118, A5716, A9395

2019-S5286 (ACTIVE) - Summary

Establishes a twenty-five year retirement plan for firefighters employed by the division of military and naval affairs.

2019-S5286 (ACTIVE) - Sponsor Memo

2019-S5286 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5286
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              April 23, 2019
                                ___________
 
 Introduced  by  Sen. SKOUFIS -- 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
   establishing  a  twenty-five  year  retirement  plan  for firefighters
   employed by the division of military and naval affairs

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The retirement and social security law is amended by adding
 a new section 89-x to read as follows:
   §  89-X. TWENTY-FIVE YEAR RETIREMENT PLAN FOR FIREFIGHTERS EMPLOYED BY
 THE DIVISION OF MILITARY AND NAVAL AFFAIRS FIREFIGHTERS. A. A MEMBER WHO
 SERVES AS AN AIRPORT  FIREFIGHTER  APPRENTICE,  AIRPORT  FIREFIGHTER  I,
 AIRPORT  FIREFIGHTER II, AIRPORT FIREFIGHTER III, OR TRAINING AND SAFETY
 OFFICER AND IS EMPLOYED BY THE DIVISION OF MILITARY  AND  NAVAL  AFFAIRS
 SHALL  BE ELIGIBLE TO RETIRE PURSUANT TO THE PROVISIONS OF THIS SECTION.
 SUCH ELIGIBILITY SHALL BE AN ALTERNATIVE TO THE  ELIGIBILITY  PROVISIONS
 AVAILABLE  UNDER  ANY OTHER PLAN OF THIS ARTICLE TO WHICH SUCH MEMBER IS
 SUBJECT.
   B. SUCH MEMBER SHALL BE ENTITLED TO  RETIRE  UPON  THE  COMPLETION  OF
 TWENTY-FIVE  YEARS  OF TOTAL CREDITABLE SERVICE BY FILING AN APPLICATION
 THEREFOR IN THE MANNER PROVIDED FOR IN SECTION SEVENTY OF THIS ARTICLE.
   C. UPON COMPLETION OF TWENTY-FIVE  YEARS  OF  SUCH  SERVICE  AND  UPON
 RETIREMENT,  EACH  SUCH  MEMBER  SHALL RECEIVE A PENSION WHICH, TOGETHER
 WITH AN ANNUITY WHICH SHALL BE THE ACTUARIAL EQUIVALENT OF  HIS  OR  HER
 ACCUMULATED  CONTRIBUTIONS  AT  THE TIME OF HIS OR HER RETIREMENT AND AN
 ADDITIONAL PENSION WHICH IS THE ACTUARIAL EQUIVALENT  OF  THE  RESERVED-
 FOR-INCREASED-TAKE-HOME-PAY  TO  WHICH  HE  OR  SHE MAY THEN BE ENTITLED
 SHALL BE SUFFICIENT TO PROVIDE HIM OR HER WITH  A  RETIREMENT  ALLOWANCE
 EQUAL TO ONE-HALF OF HIS OR HER FINAL AVERAGE SALARY.
   D. AS USED IN THIS SECTION, "CREDITABLE SERVICE" SHALL INCLUDE ANY AND
 ALL  SERVICES PERFORMED AS A FIREFIGHTER APPRENTICE, AIRPORT FIREFIGHTER
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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