senate Bill S5608A

2013-2014 Legislative Session

Relates to the form of payment of retirement benefits for certain public retirees and beneficiaries

download bill text pdf

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Archive: Last Bill Status - In Senate Committee


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

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Actions

view actions (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 21, 2014 print number 5608a
amend and recommit to civil service and pensions
Jan 08, 2014 referred to civil service and pensions
Jun 21, 2013 recommitted to rules
Jun 17, 2013 ordered to third reading cal.1400
committee discharged and committed to rules
May 24, 2013 referred to civil service and pensions

S5608 - Details

See Assembly Version of this Bill:
A7784A
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§100 & 400, R & SS L

S5608 - Summary

Relates to the form of payment of retirement benefits for certain public retirees and beneficiaries; requires the payment of retirement benefits by the New York state and local employees' retirement system and the New York state and local police and fire retirement system by direct deposit or debit card.

S5608 - Sponsor Memo

S5608 - Bill Text download pdf

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

                                  5608

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 24, 2013
                               ___________

Introduced  by Sen. GALLIVAN -- (at request of the State Comptroller) --
  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
  the form of payment of retirement benefits for certain public retirees
  and beneficiaries

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

  Section  1.  Section  100 of the retirement and social security law is
amended to read as follows:
  S 100. Payment of retirement allowances.    A.  Retirement  allowances
shall  be  payable on the first day of each and every month beginning on
the first day of the month following the effective date  of  retirement.
Upon  the  death  of a retired member, however, the retirement allowance
due for that part of the month prior to his OR HER death shall  be  paid
forthwith.
  B.  1. BEGINNING ON A DATE TO BE DETERMINED BY THE COMPTROLLER, BUT NO
SOONER THAN JANUARY FIRST, TWO THOUSAND SIXTEEN, ANY RETIREMENT  BENEFIT
PAID  IN  REGULAR  PERIODIC INSTALLMENTS TO A PERSON WHO IS A RETIREE OR
BENEFICIARY OF THE RETIREMENT SYSTEM PRIOR TO, ON OR AFTER THE EFFECTIVE
DATE OF THIS SUBDIVISION SHALL BE MADE BY DIRECT DEPOSIT OR DEBIT  CARD,
AS  ELECTED  BY  SUCH RETIREE OR BENEFICIARY, AND ADMINISTERED ELECTRON-
ICALLY, IN ACCORDANCE WITH SUCH GUIDELINES AS MAY BE SET  FORTH  BY  THE
RETIREMENT  SYSTEM.  THE RETIREMENT SYSTEM SHALL NOTIFY ANY OF ITS RETI-
REES AND BENEFICIARIES THAT ARE CURRENTLY NOT RECEIVING THEIR RETIREMENT
PAYMENT BY DIRECT DEPOSIT OF THE PROVISIONS OF THIS PARAGRAPH  PRIOR  TO
SUCH PARAGRAPH BEING IMPLEMENTED.
  2.  A  RETIREE  OR BENEFICIARY MAY SUBMIT A REQUEST FOR EXEMPTION FROM
PARAGRAPH ONE OF THIS SUBDIVISION ON A FORM PROVIDED BY  THE  RETIREMENT
SYSTEM. THE RETIREMENT SYSTEM MAY APPROVE SUCH REQUEST PURSUANT TO REGU-
LATIONS PROMULGATED BY THE COMPTROLLER UPON A DEMONSTRATION OF HARDSHIP.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09754-06-3

S5608A (ACTIVE) - Details

See Assembly Version of this Bill:
A7784A
Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§100 & 400, R & SS L

S5608A (ACTIVE) - Summary

Relates to the form of payment of retirement benefits for certain public retirees and beneficiaries; requires the payment of retirement benefits by the New York state and local employees' retirement system and the New York state and local police and fire retirement system by direct deposit or debit card.

S5608A (ACTIVE) - Sponsor Memo

S5608A (ACTIVE) - Bill Text download pdf

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

                                 5608--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 24, 2013
                               ___________

Introduced  by Sen. GALLIVAN -- (at request of the State Comptroller) --
  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 committee

AN  ACT  to amend the retirement and social security law, in relation to
  the form of payment of retirement benefits for certain public retirees
  and beneficiaries

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

  Section  1.  Section  100 of the retirement and social security law is
amended to read as follows:
  S 100. Payment of retirement allowances.    A.  Retirement  allowances
shall  be  payable on the first day of each and every month beginning on
the first day of the month following the effective date  of  retirement.
Upon  the  death  of a retired member, however, the retirement allowance
due for that part of the month prior to his OR HER death shall  be  paid
forthwith.
  B.  1. BEGINNING ON A DATE TO BE DETERMINED BY THE COMPTROLLER, BUT NO
SOONER THAN JANUARY FIRST, TWO THOUSAND SIXTEEN, ANY RETIREMENT  BENEFIT
PAID  IN  REGULAR  PERIODIC INSTALLMENTS TO A PERSON WHO IS A RETIREE OR
BENEFICIARY OF THE RETIREMENT SYSTEM PRIOR TO, ON OR AFTER THE EFFECTIVE
DATE OF THIS SUBDIVISION SHALL BE MADE BY DIRECT DEPOSIT OR DEBIT  CARD,
AS  ELECTED  BY  SUCH RETIREE OR BENEFICIARY, AND ADMINISTERED ELECTRON-
ICALLY, IN ACCORDANCE WITH SUCH GUIDELINES AS MAY BE SET  FORTH  BY  THE
RETIREMENT  SYSTEM.  THE RETIREMENT SYSTEM SHALL NOTIFY ANY OF ITS RETI-
REES AND BENEFICIARIES THAT ARE CURRENTLY NOT RECEIVING THEIR RETIREMENT
PAYMENT BY DIRECT DEPOSIT OF THE PROVISIONS OF THIS PARAGRAPH  PRIOR  TO
SUCH PARAGRAPH BEING IMPLEMENTED.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09754-07-3

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