Senate Bill S2340

2009-2010 Legislative Session

Allows Tier II, III and IV members of the NYSERS to retire without a benefit reduction upon completion of 35 years of service

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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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Bill Amendments

co-Sponsors

2009-S2340 - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§442, 503 & 603, R & SS L

2009-S2340 - Summary

Allows Tier II, III and IV members of the New York state and local employees' retirement system to retire without a benefit reduction upon completion of 35 years of service without regard to age.

2009-S2340 - Sponsor Memo

2009-S2340 - Bill Text download pdf

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

                                  2340

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 18, 2009
                               ___________

Introduced  by  Sen.  SAVINO -- 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
  eligibility  for retirement of members of the New York state and local
  employees' retirement system

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

  Section  1.  Section  442 of the retirement and social security law is
amended by adding a new subdivision c to read as follows:
  C. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  2. Section 503 of the retirement and social security law is amended
by adding a new subdivision e to read as follows:
  E. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  3. Section 603 of the retirement and social security law is amended
by adding a new subdivision t to read as follows:
  T. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  4. This act shall take effect immediately and shall be deemed to be
in full force and effect on and after June 30, 2009, provided,  however,
that the amendments to sections 503 and 603 of the retirement and social
security law made by sections two and three  of this act shall expire on
the  same  date  as such sections expire pursuant to section 615 of such
law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05611-01-9
              

co-Sponsors

2009-S2340A (ACTIVE) - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§442, 503 & 603, R & SS L

2009-S2340A (ACTIVE) - Summary

Allows Tier II, III and IV members of the New York state and local employees' retirement system to retire without a benefit reduction upon completion of 35 years of service without regard to age.

2009-S2340A (ACTIVE) - Sponsor Memo

2009-S2340A (ACTIVE) - Bill Text download pdf

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

                                 2340--A

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                            February 18, 2009
                               ___________

Introduced  by  Sens.  SAVINO,  DIAZ, DILAN, MONSERRATE, ONORATO -- read
  twice and ordered printed, and when printed to  be  committed  to  the
  Committee  on Civil Service and Pensions -- recommitted to the Commit-
  tee 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 committee

AN ACT to amend the retirement and social security law, in  relation  to
  eligibility  for retirement of members of the New York state and local
  employees' retirement system

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

  Section  1.  Section  442 of the retirement and social security law is
amended by adding a new subdivision c to read as follows:
  C. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  2. Section 503 of the retirement and social security law is amended
by adding a new subdivision e to read as follows:
  E. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  3. Section 603 of the retirement and social security law is amended
by adding a new subdivision u to read as follows:
  U. NOTWITHSTANDING ANY OTHER PROVISION OF LAW, A  MEMBER  OF  THE  NEW
YORK  STATE  AND  LOCAL  EMPLOYEES' RETIREMENT SYSTEM MAY RETIRE WITHOUT
REDUCTION OF HIS OR HER RETIREMENT BENEFIT UPON COMPLETION OF  AT  LEAST
THIRTY-FIVE OR MORE YEARS OF SERVICE REGARDLESS OF AGE.
  S  4. This act shall take effect immediately and shall be deemed to be
in full force and effect on and after June 30, 2010.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05611-05-0
              

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