NY State Senate Bill 2009-S1816

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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Actions

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 25, 2010	print number 1816a
Jan 25, 2010	amend and recommit to civil service and pensions
Jan 06, 2010	referred to civil service and pensions
Feb 09, 2009	referred to civil service and pensions

Bill Amendments

Original

A (Active)

2009-S1816 - Details

Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

2009-S1816 - Summary

Provides a cost-of-living adjustment; increases the cap on retirement benefits covered by COLA from $18,000 to $25,000.

2009-S1816 - Sponsor Memo

                                 BILL NUMBER:  S1816

 TITLE OF BILL :
An act to amend the retirement and social security law, the education
law and the administrative code of the city of New York, in relation
to providing cost-of-living adjustments


 PURPOSE :
This bill amends Chapter 125 of the Laws of 2000, a chapter which
provides public employee retirees with permanent partial
cost-of-living increases in New York State. The bill provides a
desirable amendment to Chapter 125 needed to protect public retirees
from continued erosion of their retirement income from inflation.
While Chapter 125 began the effort to address pension erosion this
bill seeks to further close that gap.

 SUMMARY OF PROVISIONS :
Effective September 1, 2006, the following changes to Sections 78-a
and 378-a of the Retirement and Social Security Law, Section 532-a of
the Education Law, and Section 13-396 of the Administrative Code of
the City of New York as added by Chapter 125 of the Laws of 2000 are
proposed:  Subdivisions c of said sections of law is amended by this
bill to increase the cap on retirement benefits covered by COLA from
$18,000 to $25,000. It has been four years since the cap on covered
pensions for application of COLA was increased. The general

cost-of-living for retirees has been steadily increasing. In
particular, medical costs including co-payments, premiums, and
medication, have risen at a rate far in excess of the CPL Recent
federal amendments to the Medicare law, especially the prescription
drug coverage, will cause a significant increase in retired public
employee health care costs.

 JUSTIFICATION :
Significant strides were made by the enactment of Chapter 125 of the
Laws of 2000. However, the proposed increase of the cap on COLA
covered retirement benefits from $8,000 to $25,000 addresses the issue
of gradual increase noted in governmental salaries and rising final
average salaries. As incomes of active employees continue to rise to
meet cost-of-living concerns, the caps placed on COLA covered benefits
further erodes retirement income of those affected retirees. In
particular, as noted above, medical costs including co-payments,
premiums, and medication, have been rising at a rate far in excess of
the CPI. Recent federal amendments to the Medicaid law, especially the
prescription drug coverage, are likely to cause a significant increase
in retired public employee health care costs. This bill will help
assure public retirees achieve a dignified and secure retirement,
allowing them to continue to contribute more effectively to the
long-term health of our economy.

 LEGISLATIVE HISTORY :
2008: S.7862 - Referred to Civil Service & Pensions/A.8373 - Referred
to Governmental Employees
2007: S.7862 - Referred to Civil Service & Pensions/A.8373 - Referred
to Governmental Employees.
2006: S.4451 - Referred to Civil Service & Pensions/A.7236 - Referred
to Governmental Employees
2005: S.4451 - Referred to Civil Service/A.7236 - Referred to
Governmental Employees.
2004: A.10825 - Referred to Governmental Employees.

 FISCAL IMPLICATIONS :
This bill would provide an increase in the defined benefit
cost-of-living adjustment (COLA) for New York public retirement
systems.  Starting with a payment in September 2009 the annual
cost-of-living adjustment will be computed on a base benefit amount
not to exceed $25,000.  First year cost of approximately $91 million
to participating employers in the New York State and Local Employees'
Retirement System and $23 million to the participating employers in
the New York State and Local Police and Fire Retirement System.

 EFFECTIVE DATE :
This act shall take effect immediately.

2009-S1816 - Bill Text download pdf

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

                                  1816

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 9, 2009
                               ___________

Introduced  by  Sen.  LANZA  -- 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,  the  education
  law  and  the administrative code of the city of New York, in relation
  to providing cost-of-living adjustments

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

  Section  1. Subdivision c of section 78-a of the retirement and social
security law, as added by chapter 125 of the laws of 2000, is amended to
read as follows:
  c. Said cost-of-living adjustment shall be computed on a base  benefit
amount  not to exceed eighteen thousand dollars of the annual retirement
allowance defined in subdivision b of this section.   EFFECTIVE  ON  THE
FIRST  DAY  OF SEPTEMBER, TWO THOUSAND NINE, SAID COST-OF-LIVING ADJUST-
MENT  SHALL  BE  COMPUTED  ON  A  BASE  BENEFIT  AMOUNT  NOT  TO  EXCEED
TWENTY-FIVE  THOUSAND DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED
IN SUBDIVISION B OF THIS SECTION.
  S 2. Subdivision c of section 378-a of the retirement and social secu-
rity law, as added by chapter 125 of the laws of  2000,  is  amended  to
read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen thousand dollars of the annual  retirement
allowance  defined  in  subdivision b of this section.  EFFECTIVE ON THE
FIRST DAY OF SEPTEMBER, TWO THOUSAND NINE, SAID  COST-OF-LIVING  ADJUST-
MENT  SHALL  BE  COMPUTED  ON  A  BASE  BENEFIT  AMOUNT  NOT  TO  EXCEED
TWENTY-FIVE THOUSAND DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE  DEFINED
IN SUBDIVISION B OF THIS SECTION.
  S  3. Subdivision c of section 532-a of the education law, as added by
chapter 125 of the laws of 2000, is amended to read as follows:
  c. Said cost-of-living adjustment shall be computed on a base  benefit
amount  not to exceed eighteen thousand dollars of the annual retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05601-03-9

S. 1816                             2

allowance defined in subdivision b of this section.   EFFECTIVE  ON  THE
FIRST  DAY  OF SEPTEMBER, TWO THOUSAND NINE, SAID COST-OF-LIVING ADJUST-
MENT  SHALL  BE  COMPUTED  ON  A  BASE  BENEFIT  AMOUNT  NOT  TO  EXCEED
TWENTY-FIVE  THOUSAND DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED
IN SUBDIVISION B OF THIS SECTION.
  S 4. Subdivision c of section 13-696 of the administrative code of the
city of New York, as added by chapter  125  of  the  laws  of  2000,  is
amended to read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen  thousand  dollars  of  the  annual  fixed
retirement  allowance  defined in subdivision b of this section.  EFFEC-
TIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND NINE, SAID COST-OF-LIV-
ING ADJUSTMENT SHALL BE COMPUTED ON A BASE BENEFIT AMOUNT NOT TO  EXCEED
TWENTY-FIVE  THOUSAND DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED
IN SUBDIVISION B OF THIS SECTION.
  S 5. This act shall take effect immediately.
  FISCAL NOTE.-- Pursuant to Legislative Law, Section 50:
  This bill would provide an increase in the  defined  benefit  cost-of-
living adjustment (COLA) for New York public retirement systems.  Start-
ing  with  a payment in September 2009 the annual cost-of-living adjust-
ment will be computed on a base benefit amount not to exceed $25,000.
  Insofar as this bill affects the New York State and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System, if this bill were enacted there would be an estimated
first year cost of approximately $91 million to the State of  New  York,
$122  million  to  the participating employers in the New York State and
Local Employees' Retirement System and $23 million to the  participating
employers  in  the  New  York State and Local Police and Fire Retirement
System.
  This estimate, dated December 12,  2008  and  intended  for  use  only
during  the  2009  Legislative  Session,  is  Fiscal  Note  No. 2009-61,
prepared by the Actuary for the New  York  State  and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System.

2009-S1816A (ACTIVE) - Details

Current Committee:: Senate Civil Service And Pensions
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

2009-S1816A (ACTIVE) - Summary

Provides a cost-of-living adjustment; increases the cap on retirement benefits covered by COLA from $18,000 to $25,000.

2009-S1816A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S1816A

 TITLE OF BILL :
An act to amend the retirement and social security law, the education
law and the administrative code of the city of New York, in relation
to providing cost-of-living adjustments


 PURPOSE :
This bill amends Chapter 125 of the Laws of 2000, a chapter which
provides public employee retirees with permanent partial
cost-of-living increases in New York State. The bill provides a
desirable amendment to Chapter 125 needed to protect public retirees
from continued erosion of their retirement income from inflation.
While Chapter 125 began the effort to address pension erosion this
bill seeks to further close that gap.

 SUMMARY OF PROVISIONS :
Effective September 1, 2006, the following changes to Sections 78-a
and 378-a of the Retirement and Social Security Law, Section 532-a of
the Education Law, and Section 13-396 of the Administrative Code of
the City of New York as added by Chapter 125 of the Laws of 2000 are
proposed: Subdivisions c of said sections of law is amended by this
bill to increase the cap on retirement benefits covered by COLA from
$18,000 to $25,000. It has been four years since the cap on covered
pensions for application of COLA was increased. The general

cost-of-living for retirees has been steadily increasing. In
particular, medical costs including co-payments, premiums, and
medication, have risen at a rate far in excess of the CPL Recent
federal amendments to the Medicare law, especially the prescription
drug coverage, will cause a significant increase in retired public
employee health care costs.

 JUSTIFICATION :
Significant strides were made by the enactment of Chapter 125 of the
Laws of 2000. However, the proposed increase of the cap on COLA
covered retirement benefits from $18,000 to $25,000 addresses the
issue of gradual increase noted in governmental salaries and rising
final average salaries. As incomes of active employees continue to
rise to meet cost-of-living concerns, the caps placed on COLA cove red
benefits further erodes retirement income of those affected retirees.
In particular, as noted above, medical costs including co-payments,
premiums, and medication, have been rising at a rate far in excess of
the CPR. Recent federal amendments to the Medicaid law, especially the
prescription drug coverage, are likely to cause a significant increase
in retired public employee health care costs.  This bill will help
assure public retirees achieve a dignified and secure retirement,
allowing them to continue to contribute more effectively to the
long-term health of our economy.

 LEGISLATIVE HISTORY :
2009: S.1816 - Referred to Civil Service & Pensions.
2008: S.7862 - Referred to Civil Service & Pensions/A.8373 - Referred
to Governmental Employees.
2007: S.7862 - Referred to Civil Service & Pensions/A.8373 - Referred
to Governmental Employees.
2006: S.4451 - Referred to Civil Service and Pensions/A.7236 -
Referred to Governmental Employees.
2005: S.4451- Referred to Civil Service & Pensions A.7236 - Referred
to Governmental Employees.
2004: A.10825 - Referred to Governmental Employees.

 FISCAL IMPLICATIONS :
This bill would provide an increase in the defined benefit
cost-of-living adjustment (COLA) for New York public retirement
systems.  Starting with a payment in September 2010 the annual
cost-of-living adjustment will be computed on a base benefit amount
not to exceed $25,000. First year cost of approximately $90 million to
the State of New York, $119 million to participating employers in the
New York State and Local Employees' Retirement System and $22 million
to the participating employers in The New York State and Local Police
and Fire Retirement System.

 EFFECTIVE DATE :
This act shall take effect immediately.

2009-S1816A (ACTIVE) - Bill Text download pdf

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

                                 1816--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 9, 2009
                               ___________

Introduced  by  Sen.  LANZA  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
  accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to  amend the retirement and social security law, the education
  law and the administrative code of the city of New York,  in  relation
  to providing cost-of-living adjustments

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

  Section 1. Subdivision c of section 78-a of the retirement and  social
security law, as added by chapter 125 of the laws of 2000, is amended to
read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen thousand dollars of the annual  retirement
allowance  defined  in  subdivision b of this section.  EFFECTIVE ON THE
FIRST DAY OF SEPTEMBER, TWO THOUSAND TEN, SAID COST-OF-LIVING ADJUSTMENT
SHALL BE COMPUTED ON A BASE BENEFIT AMOUNT  NOT  TO  EXCEED  TWENTY-FIVE
THOUSAND  DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED IN SUBDIVI-
SION B OF THIS SECTION.
  S 2. Subdivision c of section 378-a of the retirement and social secu-
rity law, as added by chapter 125 of the laws of  2000,  is  amended  to
read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen thousand dollars of the annual  retirement
allowance  defined  in  subdivision b of this section.  EFFECTIVE ON THE
FIRST DAY OF SEPTEMBER, TWO THOUSAND TEN, SAID COST-OF-LIVING ADJUSTMENT
SHALL BE COMPUTED ON A BASE BENEFIT AMOUNT  NOT  TO  EXCEED  TWENTY-FIVE
THOUSAND  DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED IN SUBDIVI-
SION B OF THIS SECTION.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05601-04-0

S. 1816--A                          2

  S 3. Subdivision c of section 532-a of the education law, as added  by
chapter 125 of the laws of 2000, is amended to read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen thousand dollars of the annual  retirement
allowance  defined  in  subdivision b of this section.  EFFECTIVE ON THE
FIRST DAY OF SEPTEMBER, TWO THOUSAND TEN, SAID COST-OF-LIVING ADJUSTMENT
SHALL BE COMPUTED ON A BASE BENEFIT AMOUNT  NOT  TO  EXCEED  TWENTY-FIVE
THOUSAND  DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE DEFINED IN SUBDIVI-
SION B OF THIS SECTION.
  S 4. Subdivision c of section 13-696 of the administrative code of the
city of New York, as added by chapter  125  of  the  laws  of  2000,  is
amended to read as follows:
  c.  Said cost-of-living adjustment shall be computed on a base benefit
amount not to exceed eighteen  thousand  dollars  of  the  annual  fixed
retirement  allowance  defined in subdivision b of this section.  EFFEC-
TIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND TEN, SAID  COST-OF-LIV-
ING  ADJUSTMENT SHALL BE COMPUTED ON A BASE BENEFIT AMOUNT NOT TO EXCEED
TWENTY-FIVE THOUSAND DOLLARS OF THE ANNUAL RETIREMENT ALLOWANCE  DEFINED
IN SUBDIVISION B OF THIS SECTION.
  S 5. This act shall take effect immediately.
  FISCAL NOTE.--This bill would provide an increase in the defined bene-
fit  cost-of-living  adjustment  (COLA)  for  New York public retirement
systems.  Starting with a payment in September 2010 the annual  cost  of
living  adjustment  will  be  computed  on  a base benefit amount not to
exceed $25,000.
  Insofar as this bill affects the New York State and  Local  Employees'
Retirement  System  and  the  New  York  State and Local Police and Fire
Retirement System, if this bill were enacted there would be an estimated
first year cost of approximately $90 million to the State of  New  York,
$119  million  to  the participating employers in the New York State and
Local Employees' Retirement System and $22 million to the  participating
employers  in  the  New  York State and Local Police and Fire Retirement
System.
  This estimate, dated December 4, 2009 and intended for use only during
the 2010 Legislative Session, is Fiscal Note No.  2010-27,  prepared  by
the  Actuary  for  the  New  York  State and Local Employees' Retirement
System and the New York State  and  Local  Police  and  Fire  Retirement
System.

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Senate Bill S1816

Sponsored By

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

Actions

Bill Amendments

2009-S1816 - Details

2009-S1816 - Summary

2009-S1816 - Sponsor Memo

2009-S1816 - Bill Text download pdf

2009-S1816A (ACTIVE) - Details

2009-S1816A (ACTIVE) - Summary

2009-S1816A (ACTIVE) - Sponsor Memo

2009-S1816A (ACTIVE) - Bill Text download pdf

Comments

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Get Status Alerts for 2009-S1816

Senate Bill S1816

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Sponsored By

Andrew J. Lanza

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

Actions

Bill Amendments

2009-S1816 - Details

2009-S1816 - Summary

2009-S1816 - Sponsor Memo

2009-S1816 - Bill Text download pdf

2009-S1816A (ACTIVE) - Details

2009-S1816A (ACTIVE) - Summary

2009-S1816A (ACTIVE) - Sponsor Memo

2009-S1816A (ACTIVE) - Bill Text download pdf

Comments