|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 02, 2014||referred to civil service and pensions|
senate Bill S7717
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7717 - Details
- See Assembly Version of this Bill:
- Current Committee:
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Add Art 26 §§1400 - 1402, R & SS L
S7717 - Summary
Relates to benefits for participating employers in the New York state and local police and fire retirement system.
S7717 - Sponsor Memo
BILL NUMBER:S7717 TITLE OF BILL: An act to amend the retirement and social security law, in relation to creating an optional twenty year retirement plan for certain police officers and firefighters who are members of the New York state and local police and fire retirement system PURPOSE: To permit all police officers and firefighters in New York State the opportunity to be treated equally pursuant to the benefits provided in the retirement and social security law. SUMMARY OF PROVISIONS: Section 1 amends the retirement and social security law by adding a new Article 26 to grant police officers and professional firefighters the opportunity to participate in a non-contributory twenty year retirement if their employer so elects. Section 2 provides that this act shall take effect immediately. JUSTIFICATION: In 2009, the Legislature passed a new tier V pension bill for public employees. Tier V placed firefighters hired after January 2010 into
S7717 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7717 I N S E N A T E June 2, 2014 ___________ Introduced by Sen. YOUNG -- 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 creating an optional twenty year retirement plan for certain police officers and firefighters who are members of the New York state and local police and fire retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The retirement and social security law is amended by adding a new article 26 to read as follows: ARTICLE 26 BENEFIT ENHANCEMENTS SECTION 1400. NON-CONTRIBUTORY BASIS. 1401. COLLECTIVE BARGAINING. 1402. PAST SERVICE COSTS. S 1400. NON-CONTRIBUTORY BASIS. (A) NOTWITHSTANDING THE PROVISIONS OF THIS CHAPTER OR ANY OTHER LAW TO THE CONTRARY A PARTICIPATING EMPLOYER IN THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM MAY ELECT TO PROVIDE ITS EMPLOYEES WHO ARE MEMBERS OF THE OPTIONAL TWENTY YEAR RETIREMENT PLAN FOR POLICE AND FIREFIGHTERS ELIGIBILITY TO PARTIC- IPATE ON A NON-CONTRIBUTORY BASIS. (B) NO MEMBER WHO PARTICIPATES IN THIS NON-CONTRIBUTORY RETIREMENT PLAN SHALL BE ENTITLED TO A REFUND OF PREVIOUS CONTRIBUTIONS MADE TO THE CONTRIBUTORY TWENTY YEAR RETIREMENT PLAN. S 1401. COLLECTIVE BARGAINING. A DEMAND IN COLLECTIVE BARGAINING NEGO- TIATIONS FOR THE ADDITIONAL BENEFIT PROVIDED BY SECTION FOURTEEN HUNDRED OF THIS ARTICLE SHALL NOT BE SUBJECT TO THE PROVISIONS OF PARAGRAPH (B) OR (C) OF SUBDIVISION FOUR OF SECTION TWO HUNDRED NINE OF THE CIVIL SERVICE LAW, NOR SHALL SUCH DEMAND BE SUBJECT TO ANY PROVISION FOR INTEREST ARBITRATION CONTAINED IN ANY LOCAL LAW, RESOLUTION OR ORDINANCE ADOPTED BY ANY GOVERNMENTAL ENTITY PURSUANT TO SUBDIVISION ONE OF SECTION TWO HUNDRED TWELVE OF THE CIVIL SERVICE LAW. S 1402. PAST SERVICE COSTS. ANY PARTICIPATING EMPLOYER THAT ELECTS THE ADDITIONAL BENEFITS PROVIDED BY THIS ARTICLE MAY ALSO ELECT TO PAY THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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