Assembly Bill A6786B

2015-2016 Legislative Session

Increases the amount of money a retiree may earn in a position of public service to $35,000

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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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Actions

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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 02, 2016	print number 6786d
Mar 02, 2016	amend and recommit to governmental employees
Jan 06, 2016	referred to governmental employees
Jun 02, 2015	print number 6786c
Jun 02, 2015	amend and recommit to governmental employees
May 13, 2015	print number 6786b
May 13, 2015	amend and recommit to governmental employees
May 07, 2015	print number 6786a
May 07, 2015	amend and recommit to governmental employees
Apr 02, 2015	referred to governmental employees

Bill Amendments

Original

D (Active)

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2015-A6786 - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:: 2017-2018: A3327
2019-2020: A2858

2015-A6786 - Summary

Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

2015-A6786 - Bill Text download pdf

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

                                  6786

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2015
                               ___________

Introduced by M. of A. McDONALD, BICHOTTE, BRABENEC, COOK, CROUCH, GOTT-
  FRIED, GRAF, GUNTHER, JAFFEE, MURRAY, PERSAUD, RIVERA, SKOUFIS, STIRPE
  --  Multi-Sponsored  by  --  M. of A. BLAKE, DUPREY, GALEF, GARBARINO,
  GLICK, KEARNS, MAGEE, McLAUGHLIN, SCARBOROUGH, STEC -- read  once  and
  referred to the Committee on Governmental Employees

AN  ACT  to amend the retirement and social security law, in relation to
  increasing the retiree earnings cap

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

  Section  1.  Subdivision 2 of section 212 of the retirement and social
security law, as amended by chapter 74 of the laws of 2006,  is  amended
to read as follows:
  2.  The earning limitations for retired persons in positions of public
service under this section shall be in  accordance  with  the  following
table:

        For the year                               Earnings limitation
        1996                                       $12,500
        1997                                       $13,500
        1998                                       $14,500
        1999                                       $15,500
        2000                                       $17,000
        2001                                       $18,500
        2002                                       $20,000
        2003                                       $25,000
        2004                                       $27,500
        2005 and 2006                              $27,500
        2007 [and thereafter] THROUGH 2014         $30,000
        2015 AND THEREAFTER                        $34,000
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07830-01-5

co-Sponsors

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multi-Sponsors

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2015-A6786A - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:: 2017-2018: A3327
2019-2020: A2858

2015-A6786A - Summary

Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

2015-A6786A - Bill Text download pdf

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

                                 6786--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2015
                               ___________

Introduced by M. of A. McDONALD, BICHOTTE, BRABENEC, COOK, CROUCH, GOTT-
  FRIED,  GRAF,  GUNTHER,  JAFFEE,  MURRAY,  PERSAUD,  RIVERA,  SKOUFIS,
  STIRPE, PICHARDO, ENGLEBRIGHT, DiPIETRO -- Multi-Sponsored by -- M. of
  A. BLAKE, BRENNAN, DUPREY, GALEF,  GARBARINO,  GLICK,  KEARNS,  MAGEE,
  McLAUGHLIN, STEC, TENNEY -- read once and referred to the Committee on
  Governmental  Employees -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  increasing the retiree earnings cap

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

  Section 1. Subdivision 2 of section 212 of the retirement  and  social
security  law,  as amended by chapter 74 of the laws of 2006, is amended
to read as follows:
  2. The earning limitations for retired persons in positions of  public
service  under  this  section  shall be in accordance with the following
table:

        For the year                               Earnings limitation
        1996                                       $12,500
        1997                                       $13,500
        1998                                       $14,500
        1999                                       $15,500
        2000                                       $17,000
        2001                                       $18,500
        2002                                       $20,000
        2003                                       $25,000
        2004                                       $27,500
        2005 and 2006                              $27,500
        2007 [and thereafter] THROUGH 2015         $30,000
        2016 AND THEREAFTER                        $34,000
  S 2. This act shall take effect immediately.

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

                                                           LBD07830-03-5

co-Sponsors

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multi-Sponsors

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2015-A6786B - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:: 2017-2018: A3327
2019-2020: A2858

2015-A6786B - Summary

Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

2015-A6786B - Bill Text download pdf

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

                                 6786--B

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2015
                               ___________

Introduced by M. of A. McDONALD, BICHOTTE, BRABENEC, COOK, CROUCH, GOTT-
  FRIED,  GRAF,  GUNTHER,  JAFFEE,  MURRAY,  PERSAUD,  RIVERA,  SKOUFIS,
  STIRPE, PICHARDO, ENGLEBRIGHT, DiPIETRO -- Multi-Sponsored by -- M. of
  A. BLAKE, BRENNAN, DUPREY, GALEF,  GARBARINO,  GLICK,  KEARNS,  MAGEE,
  McLAUGHLIN, STEC, TENNEY -- read once and referred to the Committee on
  Governmental  Employees -- committee discharged, bill amended, ordered
  reprinted as amended  and  recommitted  to  said  committee  --  again
  reported  from  said  committee  with amendments, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  increasing the retiree earnings cap

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

  Section 1. Subdivision 2 of section 212 of the retirement  and  social
security  law,  as amended by chapter 74 of the laws of 2006, is amended
to read as follows:
  2. The earning limitations for retired persons in positions of  public
service  under  this  section  shall be in accordance with the following
table:

        For the year                               Earnings limitation
        1996                                       $12,500
        1997                                       $13,500
        1998                                       $14,500
        1999                                       $15,500
        2000                                       $17,000
        2001                                       $18,500
        2002                                       $20,000
        2003                                       $25,000
        2004                                       $27,500
        2005 and 2006                              $27,500

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07830-04-5

A. 6786--B                          2

        2007 [and thereafter] THROUGH 2015         $30,000
        2016 AND THEREAFTER                        $35,000
  S 2. This act shall take effect immediately.

co-Sponsors

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multi-Sponsors

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2015-A6786C - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:: 2017-2018: A3327
2019-2020: A2858

2015-A6786C - Summary

Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

2015-A6786C - Bill Text download pdf

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

                                 6786--C

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2015
                               ___________

Introduced by M. of A. McDONALD, BICHOTTE, BRABENEC, COOK, CROUCH, GOTT-
  FRIED,  GRAF,  GUNTHER,  JAFFEE,  MURRAY,  PERSAUD,  RIVERA,  SKOUFIS,
  STIRPE, PICHARDO, ENGLEBRIGHT, DiPIETRO -- Multi-Sponsored by -- M. of
  A. BLAKE, BRENNAN, DUPREY, GALEF,  GARBARINO,  GLICK,  KEARNS,  MAGEE,
  McLAUGHLIN, STEC, TENNEY -- read once and referred to the Committee on
  Governmental  Employees -- committee discharged, bill amended, ordered
  reprinted as amended  and  recommitted  to  said  committee  --  again
  reported  from  said  committee  with amendments, ordered reprinted as
  amended and recommitted to said committee -- again reported from  said
  committee  with amendments, ordered reprinted as amended and recommit-
  ted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  increasing the retiree earnings cap

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

  Section 1. Subdivision 2 of section 212 of the retirement  and  social
security  law,  as amended by chapter 74 of the laws of 2006, is amended
to read as follows:
  2. The earning limitations for retired persons in positions of  public
service  under  this  section  shall be in accordance with the following
table:

        For the year                               Earnings limitation
        1996                                       $12,500
        1997                                       $13,500
        1998                                       $14,500
        1999                                       $15,500
        2000                                       $17,000
        2001                                       $18,500
        2002                                       $20,000
        2003                                       $25,000

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07830-06-5

A. 6786--C                          2

        2004                                       $27,500
        2005 and 2006                              $27,500
        2007 [and thereafter] THROUGH 2015         $30,000
        2016 AND THEREAFTER                        $35,000
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would amend Section 212 of the Retirement and Social Securi-
ty  Law to set the amount a retired person may earn in public employment
without reduction in retirement allowance during the year 2016 and ther-
eafter, to $35,000.
  If this bill is enacted, insofar as it would affect the New York State
and Local Employees' Retirement System and the New York State and  Local
Police and Fire Retirement System, the resulting 16.7% increase over the
current  $30,000  limit,  in  place  since  2007, which is less than the
increase in the consumer price index over  the  same  period  would  not
affect  retirement  patterns. Therefore, the annual cost is estimated to
be negligible.
  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, 2014 actuarial valu-
ation. Distributions and other statistics  can  be  found  in  the  2014
Report  of  the  Actuary  and  the  2014  Comprehensive Annual Financial
Report.
  The actuarial assumptions and methods used are described in the  2010,
2011,  2012, 2013 and 2014 Annual Report to the Comptroller on Actuarial
Assumptions and the Codes Rules and Regulations  of  the  State  of  New
York: Audit and Control.
  The Market Assets and GASB Disclosures are found in the March 31, 2014
New  York  State  and  Local  Retirement System Financial Statements and
Supplementary Information.
  I am a member of the American Academy of Actuaries and meet the Quali-
fication Standards to render the actuarial opinion contained herein.
  This estimate, dated June 1, 2015 and intended for use only during the
2015 Legislative Session, is Fiscal Note No. 2015-127, prepared  by  the
Actuary  for  the  New York State and Local Employees' Retirement System
and the New York State and Local Police and Fire Retirement System.

co-Sponsors

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multi-Sponsors

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2015-A6786D (ACTIVE) - Details

Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:: 2017-2018: A3327
2019-2020: A2858

2015-A6786D (ACTIVE) - Summary

Increases the amount of money a retiree may earn in a position of public service in the year 2017 and thereafter to $35,000.

2015-A6786D (ACTIVE) - Bill Text download pdf

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

                                 6786--D

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2015
                               ___________

Introduced by M. of A. McDONALD, BICHOTTE, BRABENEC, COOK, CROUCH, GOTT-
  FRIED, GRAF, GUNTHER, JAFFEE, MURRAY, RIVERA, SKOUFIS, STIRPE, PICHAR-
  DO,  ENGLEBRIGHT,  DiPIETRO,  KAMINSKY, HOOPER, LUPARDO -- Multi-Spon-
  sored by -- M.  of  A.    BLAKE,  BRENNAN,  BUCHWALD,  DUPREY,  GALEF,
  GARBARINO, GLICK, KEARNS, MAGEE, McLAUGHLIN, STEC, TENNEY -- read once
  and  referred  to the Committee on Governmental Employees -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee -- again reported from said  committee  with  amend-
  ments,  ordered reprinted as amended and recommitted to said committee
  --  again  reported  from  said  committee  with  amendments,  ordered
  reprinted  as amended and recommitted to said committee -- 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, in relation to
  increasing the retiree earnings cap

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

  Section  1.  Subdivision 2 of section 212 of the retirement and social
security law, as amended by chapter 74 of the laws of 2006,  is  amended
to read as follows:
  2.  The earning limitations for retired persons in positions of public
service under this section shall be in  accordance  with  the  following
table:

        For the year                               Earnings limitation
        1996                                       $12,500
        1997                                       $13,500
        1998                                       $14,500
        1999                                       $15,500
        2000                                       $17,000

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07830-12-6

A. 6786--D                          2

        2001                                       $18,500
        2002                                       $20,000
        2003                                       $25,000
        2004                                       $27,500
        2005 and 2006                              $27,500
        2007 [and thereafter] THROUGH 2016         $30,000
        2017 AND THEREAFTER                        $35,000
  S 2. This act shall take effect immediately.
  FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
  This bill would amend Section 212 of the Retirement and Social Securi-
ty  Law to set the amount a retired person may earn in public employment
without reduction in retirement allowance during the year 2017 and ther-
eafter, to $35,000.
  If this bill is enacted, insofar as it would affect the New York State
and Local Employees' Retirement System and the New York State and  Local
Police and Fire Retirement System, the resulting 16.7% increase over the
current  $30,000  limit,  in  place  since  2007, which is less than the
increase in the consumer price index over  the  same  period  would  not
affect  retirement  patterns. Therefore, the annual cost is estimated to
be negligible.
  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, 2015 actuarial valu-
ation.  Distributions and other statistics can  be  found  in  the  2015
Report  of  the  Actuary  and  the  2015  Comprehensive Annual Financial
Report.
  The actuarial assumptions and methods used are described in  the  2015
Annual Report to the Comptroller on Actuarial Assumptions, and the Codes
Rules and Regulations of the State of New York: Audit and Control.
  The  Market Assets and GASB Disclosures are found in the March 31,2015
New York State and Local  Retirement  System  Financial  Statements  and
Supplementary Information.
  I am a member of the American Academy of Actuaries and meet the Quali-
fication Standards to render the actuarial opinion contained herein.
  This estimate, dated February 3, 2016 and intended for use only during
the  2016  Legislative  Session, is Fiscal Note No. 2016-32, prepared by
the Actuary for the New York State and Local Retirement System.

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Assembly Bill A6786B

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Actions

Bill Amendments

co-Sponsors

multi-Sponsors

2015-A6786 - Details

2015-A6786 - Summary

2015-A6786 - Bill Text download pdf

co-Sponsors

multi-Sponsors

2015-A6786A - Details

2015-A6786A - Summary

2015-A6786A - Bill Text download pdf

co-Sponsors

multi-Sponsors

2015-A6786B - Details

2015-A6786B - Summary

2015-A6786B - Bill Text download pdf

co-Sponsors

multi-Sponsors

2015-A6786C - Details

2015-A6786C - Summary

2015-A6786C - Bill Text download pdf

co-Sponsors

multi-Sponsors

2015-A6786D (ACTIVE) - Details

2015-A6786D (ACTIVE) - Summary

2015-A6786D (ACTIVE) - Bill Text download pdf

Comments

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Sponsored By

MCDONALD

Archive: Last Bill Status - In Assembly Committee

Actions

Bill Amendments

co-Sponsors

Rodneyse Bichotte Hermelyn

Karl Brabenec

Vivian Cook

Clifford Crouch

multi-Sponsors

Michael Blake

James F. Brennan

Janet Duprey

Sandy Galef

2015-A6786 - Details

2015-A6786 - Summary

2015-A6786 - Bill Text download pdf

co-Sponsors

Rodneyse Bichotte Hermelyn

Karl Brabenec

Vivian Cook

Clifford Crouch

multi-Sponsors

Michael Blake

James F. Brennan

Janet Duprey

Sandy Galef

2015-A6786A - Details

2015-A6786A - Summary

2015-A6786A - Bill Text download pdf

co-Sponsors

Rodneyse Bichotte Hermelyn

Karl Brabenec

Vivian Cook

Clifford Crouch

multi-Sponsors

Michael Blake

James F. Brennan

Janet Duprey

Sandy Galef

2015-A6786B - Details

2015-A6786B - Summary

2015-A6786B - Bill Text download pdf

co-Sponsors

Rodneyse Bichotte Hermelyn

Karl Brabenec

Vivian Cook

Clifford Crouch

multi-Sponsors

Michael Blake

James F. Brennan

David Buchwald

Janet Duprey

2015-A6786C - Details

2015-A6786C - Summary

2015-A6786C - Bill Text download pdf

co-Sponsors

Rodneyse Bichotte Hermelyn

Karl Brabenec

Vivian Cook

Clifford Crouch