Assembly Bill A7104A

2013-2014 Legislative Session

Limits the amount of employer contributions to the state retirement system

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A7104 - Details

See Senate Version of this Bill:
S2592
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§17 & 317, R & SS L; amd §521, Ed L
Versions Introduced in Other Legislative Sessions:
2015-2016: A5455
2017-2018: A5996

2013-A7104 - Summary

Limits the amount of employer contributions to the state retirement system; authorizes an annual increase in employer contribution of the lesser of two percent or an inflation factor.

2013-A7104 - Bill Text download pdf

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

                                  7104

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 1, 2013
                               ___________

Introduced  by  M.  of  A.  ABINANTI,  PAULIN, THIELE, RUSSELL, GOODELL,
  GUNTHER, JAFFEE, HOOPER -- Multi-Sponsored by -- M. of A. ENGLEBRIGHT,
  KATZ, LUPARDO, MAGEE, RAIA, SCHIMEL -- read once and referred  to  the
  Committee on Governmental Employees

AN ACT to amend the retirement and social security law and the education
  law, in relation to imposing a cap on the amount of contributions paid
  by employers

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

  Section 1.  Section 17 of the retirement and social security  law,  as
amended  by  chapter 33 of the laws of 1986, subdivision a as amended by
chapter 62 of the laws of 1989, subdivision c as amended by chapter  260
of the laws of 2004, is amended to read as follows:
  S 17. Annual appropriation by participating employers. a. On or before
the  fifteenth day of November, nineteen hundred eighty-nine and of each
succeeding calendar year, the comptroller  shall  determine  the  amount
which  each  participating employer is required to pay to the retirement
system to discharge its obligations thereto for the fiscal year  of  the
retirement  system  which ends on March thirty-first of nineteen hundred
ninety and of each succeeding calendar year on account of its  employees
who  are  members  of  this  system. The comptroller shall submit to the
fiscal officer of each such employer a statement of the amount so  paya-
ble.
  This  amount  shall  consist of the amount deemed necessary to provide
for payment in full of (i) all estimated obligations of each participat-
ing employer for the current fiscal year of the retirement  systems  and
(ii) any additional obligation, plus interest on such amount, for fiscal
years  preceding the current fiscal year. SUCH AMOUNT SHALL, HOWEVER, BE
SUBJECT TO THE LIMITATION SET FORTH IN SUBDIVISION F OF THIS SECTION. If
as a result of the amount determined to be paid for any fiscal  year,  a
participating  employer overpaid its actual obligation to the retirement

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03647-04-3
              

co-Sponsors

multi-Sponsors

2013-A7104A (ACTIVE) - Details

See Senate Version of this Bill:
S2592
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§17 & 317, R & SS L; amd §521, Ed L
Versions Introduced in Other Legislative Sessions:
2015-2016: A5455
2017-2018: A5996

2013-A7104A (ACTIVE) - Summary

Limits the amount of employer contributions to the state retirement system; authorizes an annual increase in employer contribution of the lesser of two percent or an inflation factor.

2013-A7104A (ACTIVE) - Bill Text download pdf

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

                                 7104--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                               May 1, 2013
                               ___________

Introduced  by  M.  of  A.  ABINANTI,  PAULIN, THIELE, RUSSELL, GOODELL,
  GUNTHER, JAFFEE, HOOPER, OTIS -- Multi-Sponsored by -- M. of A. ENGLE-
  BRIGHT, KATZ, LUPARDO, MAGEE, McDONALD, RAIA, SCHIMEL -- read once and
  referred to the Committee on Governmental Employees -- recommitted  to
  the  Committee  on  Governmental Employees in accordance with Assembly
  Rule  3,  sec.  2  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the retirement and social security law and the education
  law, in relation to imposing a cap on the amount of contributions paid
  by employers

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

  Section 1.  Section 17 of the retirement and social security  law,  as
amended  by  chapter 33 of the laws of 1986, subdivision a as amended by
chapter 62 of the laws of 1989, subdivision c as amended by chapter  260
of the laws of 2004, is amended to read as follows:
  S 17. Annual appropriation by participating employers. a. On or before
the  fifteenth day of November, nineteen hundred eighty-nine and of each
succeeding calendar year, the comptroller  shall  determine  the  amount
which  each  participating employer is required to pay to the retirement
system to discharge its obligations thereto for the fiscal year  of  the
retirement  system  which ends on March thirty-first of nineteen hundred
ninety and of each succeeding calendar year on account of its  employees
who  are  members  of  this  system. The comptroller shall submit to the
fiscal officer of each such employer a statement of the amount so  paya-
ble.
  This  amount  shall  consist of the amount deemed necessary to provide
for payment in full of (i) all estimated obligations of each participat-
ing employer for the current fiscal year of the retirement  systems  and
(ii) any additional obligation, plus interest on such amount, for fiscal
years  preceding the current fiscal year. SUCH AMOUNT SHALL, HOWEVER, BE
SUBJECT TO THE LIMITATION SET FORTH IN SUBDIVISION F OF THIS SECTION. If
as a result of the amount determined to be paid for any fiscal  year,  a
participating  employer overpaid its actual obligation to the retirement

              

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