Senate Bill S6785

                            
                    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.
              

                                                           LBD14308-01-4

S. 6785                             2

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 4. Subdivision a of section 13-696 of the administrative code of the
city  of  New  York,  as  amended by chapter 288 of the laws of 2001, 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 to retired members  of  the
New  York city employees' retirement system, the New York city teachers'
retirement system, the New York city police pension fund, the  New  York
city  fire department pension fund, the New York city board of education
retirement system or the relief and pension fund of  the  department  of
street  cleaning  provided  for in subchapter one of this chapter on the
basis provided for in this section to: (i) all retired members who  have
attained  age  [sixty-two]  FIFTY-FIVE  and  have  been retired for five
years; (ii) [all retired members who have attained  age  fifty-five  and
have  been  retired  for  ten  years; (iii)] all members who retired for
disability 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 5. This act shall take effect immediately.