Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
signed chap.468 |
Nov 10, 2014 |
delivered to governor |
Jun 12, 2014 |
returned to senate passed assembly ordered to third reading rules cal.197 substituted for a9392 |
Jun 12, 2014 |
substituted by s7120 |
Jun 11, 2014 |
ordered to third reading rules cal.197 rules report cal.197 reported |
Jun 09, 2014 |
reported referred to rules |
May 28, 2014 |
reported referred to ways and means |
Apr 25, 2014 |
referred to governmental employees |
Assembly Bill A9392
Signed By Governor2013-2014 Legislative Session
Sponsored By
ABBATE
Archive: Last Bill Status Via S7120 - Signed by Governor
- 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
Actions
Votes
2013-A9392 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7120
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Add ยง1201-a, R & SS L
2013-A9392 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9392 I N A S S E M B L Y April 25, 2014 ___________ Introduced by M. of A. ABBATE -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to authorizing enrollment in the section 384-d retirement plan for all new 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 section 1201-a to read as follows: S 1201-A. RETIREMENT PLAN. NOTWITHSTANDING ANY OTHER LAW TO THE CONTRARY, MEMBERS WHO FIRST BECOME MEMBERS OF THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM ON OR AFTER JANUARY FIRST, TWO THOUSAND FIFTEEN AND ARE EMPLOYED BY AN EMPLOYER WHO HAS ELECTED THE BENEFITS OF SECTION THREE HUNDRED EIGHTY-FOUR-D OF THIS CHAPTER SHALL AUTOMATICALLY BE ENROLLED IN SUCH SECTION THREE HUNDRED EIGHTY-FOUR-D RETIREMENT PLAN. ANY MEMBER SO ENROLLED IN THE SECTION THREE HUNDRED EIGHTY-FOUR-D RETIREMENT PLAN MAY THEREAFTER WITHDRAW FROM SUCH PLAN. S 2. This act shall take effect January 1, 2015. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill will provide automatic enrollment into the provisions of section 384-d of the Retirement and Social Security Law for members who first become members of the New York State and Local Police and Fire Retirement System on or after January 1, 2015 who are employed by an employer who has elected the benefits of such plan. Any member so enrolled may thereafter withdraw from such plan. If this bill is enacted, there would be no cost since the enrollment into such plan is already provided by law if the member files within the first year of employment. Summary of relevant resources: The membership data used in measuring the impact of the proposed change was the same as that used in the March 31, 2013 actuarial valu- ation. Distributions and other statistics can be found in the 2013 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14838-01-4
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