senate Bill S7439

2013-2014 Legislative Session

Relates to contributions required of members for the twenty-year/age fifty program for Triborough bridge and tunnel members

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2014 committed to rules
Jun 02, 2014 advanced to third reading
May 29, 2014 2nd report cal.
May 28, 2014 1st report cal.997
May 15, 2014 referred to civil service and pensions

Votes

view votes

May 28, 2014 - Civil Service and Pensions committee Vote

S7439
7
0
committee
7
Aye
0
Nay
4
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Civil Service and Pensions committee vote details

Civil Service and Pensions Committee Vote: May 28, 2014

Co-Sponsors

S7439 - Details

See Assembly Version of this Bill:
A9418
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §604-c, R & SS L

S7439 - Summary

Relates to contributions required of members for the twenty-year/age fifty program for Triborough bridge and tunnel members.

S7439 - Sponsor Memo

S7439 - Bill Text download pdf

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

                                  7439

                            I N  S E N A T E

                              May 15, 2014
                               ___________

Introduced  by  Sen.  SAVINO -- 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
  members of the twenty-year/age fifty retirement program for Triborough
  bridge and tunnel members

  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  604-c  of  the
retirement  and  social  security  law, as amended by chapter 661 of the
laws of 2002, is amended to read as follows:
  1. In addition to the member contributions  required  by  section  six
hundred  thirteen  of  this  article,  each  participant  in the twenty-
year/age fifty retirement program in the rank of bridge and tunnel offi-
cer shall contribute to the retirement system of which he or  she  is  a
member (subject to the applicable provisions of subdivision d of section
six  hundred thirteen of this article) an additional five and fifty one-
hundredths percent of his or her compensation and  each  participant  in
the  twenty-year/age fifty retirement program in the rank of sergeant or
lieutenant shall contribute to the retirement system an  additional  six
percent  of  his or her compensation earned [from] FOR (A) all allowable
service as a Triborough bridge and tunnel member rendered on  and  after
the  date which is one hundred eighty days prior to the starting date of
the twenty-year/age fifty  retirement  program,  AND  (B)  ALL  CREDITED
SERVICE  AFTER  SUCH  PERSON CEASES TO BE A PARTICIPANT BUT BEFORE HE OR
SHE AGAIN BECOMES A PARTICIPANT PURSUANT TO PARAGRAPH SIX OF SUBDIVISION
B OF THIS SECTION. A participant in the twenty-year/age fifty retirement
program shall contribute additional member contributions until the later
of (i) the date as of which he or  she  has  twenty  years  of  credited
service as a bridge and tunnel officer, or (ii) the third anniversary of
the date that he or she last became a participant in the twenty-year/age
fifty retirement program.
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13878-02-4

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