senate Bill S6785

2013-2014 Legislative Session

Relates to applying cost-of-living adjustments

download bill text pdf

Sponsored By

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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 11, 2014 referred to civil service and pensions

S6785 - Details

Current Committee:
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

S6785 - Summary

Provides a cost-of-living adjustment for New York public retirement systems.

S6785 - Sponsor Memo

S6785 - Bill Text download pdf

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

                                  6785

                            I N  S E N A T E

                             March 11, 2014
                               ___________

Introduced  by  Sen.  GOLDEN -- 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,  the  education
  law  and  the administrative code of the city of New York, in relation
  to providing cost-of-living adjustments

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

  Section  1. Subdivision a of section 78-a of the retirement and social
security law, as added by chapter 125 of the laws of 2000, is amended to
read as follows:
  a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND FOURTEEN,
A cost-of-living adjustment shall be payable on the basis  provided  for
in this section to: (i) all pensioners who have attained age [sixty-two]
FIFTY-FIVE  and  have  been retired for five years; (ii) [all pensioners
who have attained age fifty-five and have been retired  for  ten  years;
(iii)] all disability pensioners regardless of age who have been retired
for  five  years; and [(iv)] (III) all recipients of an accidental death
benefit regardless of age who have been receiving such benefit for  five
years.
  S 2. Subdivision a of section 378-a of the retirement and social secu-
rity  law,  as  added  by chapter 125 of the laws of 2000, is amended to
read as follows:
  a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND FOURTEEN,
A cost-of-living adjustment shall be payable on the basis  provided  for
in this section to: (i) all pensioners who have attained age [sixty-two]
FIFTY-FIVE  and have been retired for five years; AND (ii) [all pension-
ers who have attained age fifty-five  and  have  been  retired  for  ten
years;  and  (iii)] all disability pensioners regardless of age who have
been retired for five years.
  S 3. Subdivision a of section 532-a of the education law, as added  by
chapter 125 of the laws of 2000, is amended to read as follows:
  a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND FOURTEEN,
A  cost-of-living  adjustment shall be payable on the basis provided for
in this section to: (i) all pensioners who have attained age [sixty-two]

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

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