|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to veterans, homeland security and military affairs|
|Jan 09, 2013||referred to veterans, homeland security and military affairs|
senate Bill S1713
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1713 - Details
S1713 - Summary
Extends the applicability of a certain provision in the Patriot Plan relating to the suspension of public retirement system loan repayment obligations.
S1713 - Sponsor Memo
BILL NUMBER:S1713 TITLE OF BILL: An act to amend chapter 106 of the laws of 2003, constituting the Patriot Plan, in relation to extending the applicability of a provision thereof for the suspension of public retirement system loan repayment obligations PURPOSE OR GENERAL IDEA OF BILL: This legislation would extend from July 1, 2010, the ability of members of the military service to suspend their repayment if loan to a retirement system while engaged in active service to the military. SUMMARY OF SPECIFIC PROVISIONS: This bill would amend Section 43 of Chapter 106 of the laws of 2003, constituting the Patriot Plan to extend the seven year sunset provision to nine years, effectively changing the date that this provision would expire from July 1, 2010 to July 1, 2012. As a result this bill would permit military service personnel engaged in active service to stop replaying any loan from a retirement system until they return from active duty for two additional years. The period of repayment is increased correspondingly with the amount of time missed due to military service. JUSTIFICATION: The law that allows military personnel to stop repaying loans from a retirement system while on active duty is set to
S1713 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1713 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. ESPAILLAT, PERKINS -- read twice and ordered print- ed, and when printed to be committed to the Committee on Veterans, Homeland Security and Military Affairs AN ACT to amend chapter 106 of the laws of 2003, constituting the Patri- ot Plan, in relation to extending the applicability of a provision thereof for the suspension of public retirement system loan repayment obligations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of section 43 of chapter 106 of the laws of 2003, constituting the Patriot Plan, as amended by chapter 133 of the laws of 2008, is amended to read as follows: This act shall take effect immediately; provided, however, that section forty-two of this act shall be deemed repealed [seven] TWELVE years after it shall have become a law; provided further that: S 2. Notwithstanding the provisions of article 5 of the general construction law, the provisions of section 42 of chapter 106 of the laws of 2003, constituting the Patriot Plan, are hereby revived and shall continue in full force and effect as such provisions existed on July 1, 2010. S 3. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after July 1, 2010. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02590-01-3
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