Assembly Bill A6443A

2023-2024 Legislative Session

Relates to establishing a defined contribution program for which elected officials are deemed mandatory members

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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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Bill Amendments

multi-Sponsors

2023-A6443 - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Add Art 22-A §§1250 - 1255, R & SS L
Versions Introduced in 2021-2022 Legislative Session:
A9577

2023-A6443 - Summary

Relates to establishing a defined contribution program for which elected officials are deemed mandatory members.

2023-A6443 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6443
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 10, 2023
                                ___________
 
 Introduced  by  M.  of  A. FITZPATRICK -- Multi-Sponsored by -- M. of A.
   BLANKENBUSH, DiPIETRO, FRIEND, HAWLEY, TAGUE -- read once and referred
   to the Committee on Governmental Employees
 
 AN ACT to amend the retirement and social security law, in  relation  to
   establishing  a  defined  contribution program for which elected offi-
   cials are deemed mandatory members
 
   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 article 22-A to read as follows:
                               ARTICLE 22-A
                       DEFINED CONTRIBUTION PROGRAM
 SECTION 1250. DEFINITIONS.
         1251. DEFINED CONTRIBUTION PROGRAMS ESTABLISHED.
         1252. RATES OF CONTRIBUTION.
         1253. ENROLLMENT.
         1254. DEATH BENEFIT.
         1255. INCONSISTENT PROVISIONS OF OTHER ACTS SUPERSEDED.
   § 1250. DEFINITIONS. WHEREVER USED IN THIS ARTICLE THE FOLLOWING TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   A. THE TERM "PUBLIC RETIREMENT SYSTEM OF THE STATE" SHALL MEAN THE NEW
 YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM, THE  NEW  YORK  STATE
 TEACHERS'  RETIREMENT  SYSTEM,  THE  NEW YORK STATE AND LOCAL POLICE AND
 FIRE RETIREMENT SYSTEM, THE NEW YORK CITY EMPLOYEES' RETIREMENT  SYSTEM,
 THE  NEW  YORK CITY TEACHERS' RETIREMENT SYSTEM, THE NEW YORK CITY BOARD
 OF EDUCATION RETIREMENT SYSTEM, THE NEW YORK CITY POLICE  PENSION  FUND,
 AND THE NEW YORK CITY FIRE PENSION FUND.
   B.  THE  TERMS  "OPTIONAL  MEMBER"  AND  "OPTIONAL MEMBERS" MEAN THOSE
 EMPLOYEES WHO ARE MEMBERS OF A PUBLIC RETIREMENT SYSTEM OF THE STATE WHO
 FIRST BECAME MEMBERS OF SUCH SYSTEMS ON OR AFTER APRIL FIRST, TWO  THOU-
 SAND  TWENTY-FOUR  AND MAKE AN ELECTION TO JOIN THE DEFINED CONTRIBUTION
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08561-02-3
              

multi-Sponsors

2023-A6443A (ACTIVE) - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Add Art 22-A §§1250 - 1255, R & SS L
Versions Introduced in 2021-2022 Legislative Session:
A9577

2023-A6443A (ACTIVE) - Summary

Relates to establishing a defined contribution program for which elected officials are deemed mandatory members.

2023-A6443A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6443--A
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 10, 2023
                                ___________
 
 Introduced  by  M.  of  A. FITZPATRICK -- Multi-Sponsored by -- M. of A.
   BLANKENBUSH, DiPIETRO, FRIEND, HAWLEY, TAGUE -- read once and referred
   to the Committee on  Governmental  Employees  --  recommitted  to  the
   Committee  on  Governmental Employees in accordance with Assembly Rule
   3, sec. 2 -- 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
   establishing a defined contribution program for  which  elected  offi-
   cials are deemed mandatory members
 
   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 article 22-A to read as follows:
                               ARTICLE 22-A
                       DEFINED CONTRIBUTION PROGRAM
 SECTION 1250. DEFINITIONS.
         1251. DEFINED CONTRIBUTION PROGRAMS ESTABLISHED.
         1252. RATES OF CONTRIBUTION.
         1253. ENROLLMENT.
         1254. DEATH BENEFIT.
         1255. INCONSISTENT PROVISIONS OF OTHER ACTS SUPERSEDED.
   § 1250. DEFINITIONS. WHEREVER USED IN THIS ARTICLE THE FOLLOWING TERMS
 SHALL HAVE THE FOLLOWING MEANINGS:
   A. THE TERM "PUBLIC RETIREMENT SYSTEM OF THE STATE" SHALL MEAN THE NEW
 YORK  STATE  AND  LOCAL EMPLOYEES' RETIREMENT SYSTEM, THE NEW YORK STATE
 TEACHERS' RETIREMENT SYSTEM, THE NEW YORK STATE  AND  LOCAL  POLICE  AND
 FIRE  RETIREMENT SYSTEM, THE NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM,
 THE NEW YORK CITY TEACHERS' RETIREMENT SYSTEM, THE NEW YORK  CITY  BOARD
 OF  EDUCATION  RETIREMENT SYSTEM, THE NEW YORK CITY POLICE PENSION FUND,
 AND THE NEW YORK CITY FIRE PENSION FUND.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08561-04-4
 A. 6443--A                          2
              

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