senate Bill S4496A

2013-2014 Legislative Session

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980

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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 24, 2014 print number 4496a
amend and recommit to civil service and pensions
Jan 08, 2014 referred to civil service and pensions
Apr 03, 2013 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S4496 - Details

See Assembly Version of this Bill:
A4981A
Current Committee:
Law Section:
Education Law
Laws Affected:
Amd §532, Ed L

S4496 - Summary

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980.

S4496 - Sponsor Memo

S4496 - Bill Text download pdf

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

                                  4496

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              April 3, 2013
                               ___________

Introduced by Sen. LIBOUS -- (at request of the New York State Teachers'
  Retirement System) -- read twice and ordered printed, and when printed
  to be committed to the Committee on Civil Service and Pensions

AN ACT to amend the education law, in relation to the minimum retirement
  allowance  for  members  of  the  New  York state teachers' retirement
  system who retired prior to July 1, 1980

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

  Section  1.  Paragraph 1 of subdivision e of section 532 of the educa-
tion law, as amended by chapter 580 of the laws of 2001, is  amended  to
read as follows:
  1.  Each  pensioner  of  the retirement system who retired before July
first, nineteen hundred [seventy] EIGHTY shall be paid, commencing  with
a  payment  for  the  month  of July two thousand [one] THIRTEEN a basic
supplemental pension, the total of which when added to his OR HER yearly
retirement allowance computed without optional modification, but exclud-
ing any annuity derived from contributions made by members  pursuant  to
paragraphs a and b of subdivision three of section five hundred sixteen,
section  five  hundred  twenty-eight,  section five hundred twenty-nine,
section five hundred  thirty,  section  five  hundred  thirty-three  and
section five hundred thirty-five of this article, shall equal the lesser
of [seventeen thousand five hundred] NINETEEN THOUSAND TWO HUNDRED FIFTY
dollars  or  the  sum  of  five  hundred FIFTY dollars multiplied by the
number of years of full-time New York state service not to exceed  thir-
ty-five  years  with  which he OR SHE was credited at the time of his OR
HER retirement.
  S 2. This act shall take effect June 30, 2013, except that if this act
shall have become  law on or after June 30, 2013, this  act  shall  take
effect  immediately  and  shall be deemed to have been in full force and
effect on and after June 30, 2013.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08980-01-3

Co-Sponsors

S4496A (ACTIVE) - Details

See Assembly Version of this Bill:
A4981A
Current Committee:
Law Section:
Education Law
Laws Affected:
Amd §532, Ed L

S4496A (ACTIVE) - Summary

Relates to the minimum retirement allowance for certain pensioners who retired prior to July 1, 1980.

S4496A (ACTIVE) - Sponsor Memo

S4496A (ACTIVE) - Bill Text download pdf

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

                                 4496--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              April 3, 2013
                               ___________

Introduced by Sen. LIBOUS -- (at request of the New York State Teachers'
  Retirement System) -- 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  accord-
  ance with Senate Rule 6, sec. 8 -- committee discharged, bill amended,
  ordered reprinted as amended and recommitted to said committee

AN ACT to amend the education law, in relation to the minimum retirement
  allowance  for  members  of  the  New  York state teachers' retirement
  system who retired prior to July 1, 1980

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

  Section  1.  Paragraph 1 of subdivision e of section 532 of the educa-
tion law, as amended by chapter 580 of the laws of 2001, is  amended  to
read as follows:
  1.  Each  pensioner  of  the retirement system who retired before July
first, nineteen hundred [seventy] EIGHTY shall be paid, commencing  with
a  payment  for  the  month  of July two thousand [one] FOURTEEN a basic
supplemental pension, the total of which when added to his OR HER yearly
retirement allowance computed without optional modification, but exclud-
ing any annuity derived from contributions made by members  pursuant  to
paragraphs a and b of subdivision three of section five hundred sixteen,
section  five  hundred  twenty-eight,  section five hundred twenty-nine,
section five hundred  thirty,  section  five  hundred  thirty-three  and
section five hundred thirty-five of this article, shall equal the lesser
of [seventeen thousand five hundred] NINETEEN THOUSAND TWO HUNDRED FIFTY
dollars  or  the  sum  of  five  hundred FIFTY dollars multiplied by the
number of years of full-time New York state service not to exceed  thir-
ty-five  years  with  which he OR SHE was credited at the time of his OR
HER retirement.
  S 2. This act shall take effect June 30, 2014, except that if this act
shall have become  law on or after June 30, 2014, this  act  shall  take

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08980-03-4

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.