senate Bill S2592B

2013-2014 Legislative Session

Limits the amount of employer contributions to the state retirement system

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

do you support this bill?

Actions

view actions (6)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 04, 2014 print number 2592b
amend and recommit to civil service and pensions
Jan 08, 2014 referred to civil service and pensions
May 07, 2013 print number 2592a
amend and recommit to civil service and pensions
Jan 22, 2013 referred to civil service and pensions

Bill Amendments

Original
A
B (Active)
Original
A
B (Active)

S2592 - Details

See Assembly Version of this Bill:
A7104A
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§17 & 317, R & SS L; amd §521, Ed L
Versions Introduced in 2011-2012 Legislative Session:
A8505

S2592 - Summary

Limits the amount of employer contributions to the state retirement system; authorizes an annual increase in employer contribution of the lesser of two percent or an inflation factor.

S2592 - Sponsor Memo

S2592 - Bill Text download pdf

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

                                  2592

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 22, 2013
                               ___________

Introduced  by  Sen. LATIMER -- 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 and the education
  law, in relation to imposing a cap on the amount of contributions paid
  by employers

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

  Section  1.   Section 17 of the retirement and social security law, as
amended by chapter 33 of the laws of 1986, subdivision a as  amended  by
chapter  62 of the laws of 1989, subdivision c as amended by chapter 260
of the laws of 2004, is amended to read as follows:
  S 17. Annual appropriation by participating employers. a. On or before
the fifteenth day of November, nineteen hundred eighty-nine and of  each
succeeding  calendar  year,  the  comptroller shall determine the amount
which each participating employer is required to pay to  the  retirement
system  to  discharge its obligations thereto for the fiscal year of the
retirement system which ends on March thirty-first of  nineteen  hundred
ninety  and of each succeeding calendar year on account of its employees
who are members of this system. The  comptroller  shall  submit  to  the
fiscal  officer of each such employer a statement of the amount so paya-
ble.
  This amount shall consist of the amount deemed  necessary  to  provide
for payment in full of (i) all estimated obligations of each participat-
ing  employer  for the current fiscal year of the retirement systems and
(ii) any additional obligation, plus interest on such amount, for fiscal
years preceding the current fiscal year. SUCH AMOUNT SHALL, HOWEVER,  BE
SUBJECT TO THE LIMITATION SET FORTH IN SUBDIVISION F OF THIS SECTION. If
as  a  result of the amount determined to be paid for any fiscal year, a
participating employer overpaid its actual obligation to the  retirement
system for that year, the amount to be determined by the comptroller for
the  next  succeeding November fifteenth shall reflect the amount of the

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03647-01-3

S2592A - Details

See Assembly Version of this Bill:
A7104A
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§17 & 317, R & SS L; amd §521, Ed L
Versions Introduced in 2011-2012 Legislative Session:
A8505

S2592A - Summary

Limits the amount of employer contributions to the state retirement system; authorizes an annual increase in employer contribution of the lesser of two percent or an inflation factor.

S2592A - Sponsor Memo

S2592A - Bill Text download pdf

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

                                 2592--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 22, 2013
                               ___________

Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and recommitted to said committee

AN ACT to amend the retirement and social security law and the education
  law, in relation to imposing a cap on the amount of contributions paid
  by employers

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

  Section 1.  Section 17 of the retirement and social security  law,  as
amended  by  chapter 33 of the laws of 1986, subdivision a as amended by
chapter 62 of the laws of 1989, subdivision c as amended by chapter  260
of the laws of 2004, is amended to read as follows:
  S 17. Annual appropriation by participating employers. a. On or before
the  fifteenth day of November, nineteen hundred eighty-nine and of each
succeeding calendar year, the comptroller  shall  determine  the  amount
which  each  participating employer is required to pay to the retirement
system to discharge its obligations thereto for the fiscal year  of  the
retirement  system  which ends on March thirty-first of nineteen hundred
ninety and of each succeeding calendar year on account of its  employees
who  are  members  of  this  system. The comptroller shall submit to the
fiscal officer of each such employer a statement of the amount so  paya-
ble.
  This  amount  shall  consist of the amount deemed necessary to provide
for payment in full of (i) all estimated obligations of each participat-
ing employer for the current fiscal year of the retirement  systems  and
(ii) any additional obligation, plus interest on such amount, for fiscal
years  preceding the current fiscal year. SUCH AMOUNT SHALL, HOWEVER, BE
SUBJECT TO THE LIMITATION SET FORTH IN SUBDIVISION F OF THIS SECTION. If
as a result of the amount determined to be paid for any fiscal  year,  a
participating  employer overpaid its actual obligation to the retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03647-05-3

S2592B (ACTIVE) - Details

See Assembly Version of this Bill:
A7104A
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§17 & 317, R & SS L; amd §521, Ed L
Versions Introduced in 2011-2012 Legislative Session:
A8505

S2592B (ACTIVE) - Summary

Limits the amount of employer contributions to the state retirement system; authorizes an annual increase in employer contribution of the lesser of two percent or an inflation factor.

S2592B (ACTIVE) - Sponsor Memo

S2592B (ACTIVE) - Bill Text download pdf

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

                                 2592--B

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 22, 2013
                               ___________

Introduced  by  Sen. LATIMER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and  recommitted  to said committee -- 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 committee

AN ACT to amend the retirement and social security law and the education
  law, in relation to imposing a cap on the amount of contributions paid
  by employers

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

  Section 1.  Section 17 of the retirement and social security  law,  as
amended  by  chapter 33 of the laws of 1986, subdivision a as amended by
chapter 62 of the laws of 1989, subdivision c as amended by chapter  260
of the laws of 2004, is amended to read as follows:
  S 17. Annual appropriation by participating employers. a. On or before
the  fifteenth day of November, nineteen hundred eighty-nine and of each
succeeding calendar year, the comptroller  shall  determine  the  amount
which  each  participating employer is required to pay to the retirement
system to discharge its obligations thereto for the fiscal year  of  the
retirement  system  which ends on March thirty-first of nineteen hundred
ninety and of each succeeding calendar year on account of its  employees
who  are  members  of  this  system. The comptroller shall submit to the
fiscal officer of each such employer a statement of the amount so  paya-
ble.
  This  amount  shall  consist of the amount deemed necessary to provide
for payment in full of (i) all estimated obligations of each participat-
ing employer for the current fiscal year of the retirement  systems  and
(ii) any additional obligation, plus interest on such amount, for fiscal
years  preceding the current fiscal year. SUCH AMOUNT SHALL, HOWEVER, BE
SUBJECT TO THE LIMITATION SET FORTH IN SUBDIVISION F OF THIS SECTION. If
as a result of the amount determined to be paid for any fiscal  year,  a
participating  employer overpaid its actual obligation to the retirement

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.