|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jan 19, 2016 |
print number 4345a |
| Jan 19, 2016 |
amend and recommit to civil service and pensions |
| Jan 06, 2016 |
referred to civil service and pensions |
| Jun 25, 2015 |
committed to rules |
| Apr 23, 2015 |
advanced to third reading |
| Apr 22, 2015 |
2nd report cal. |
| Apr 21, 2015 |
1st report cal.340 |
| Mar 16, 2015 |
referred to civil service and pensions |
Senate Bill S4345A
2015-2016 Legislative Session
Sponsored By
(R, C) 24th Senate District
Archive: Last Bill Status - In Senate Committee Civil Service And Pensions 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
Actions
Votes
Bill Amendments
2015-S4345 - Details
2015-S4345 - Sponsor Memo
BILL NUMBER:S4345
TITLE OF BILL:
An act to amend the retirement and social security law, in relation to
increasing the retiree public earnings cap
PURPOSE:
This bill would increase the amount that a public retiree under
sixty-five years of age may earn in public employment without a
reduction of his or her retirement benefits.
SUMMARY OF PROVISIONS:
The bill amends subdivision 2 of Section 212 of the Retirement and
Social Security Law. It would allow a public retiree to earn up to
$50,000 in public employment without reducing the retiree's pension.
JUSTIFICATION:
Under current law, retirees may earn up to $30,000 from public
employment without diminution of retirement earnings. From 1996
through 2004 this earnings limit was raised each year. The last time
it was increased was in 2007 when it was raised from $27,500 to
$30,000. Increasing the mount up to $50,000 for retirees under 65
2015-S4345 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4345
2015-2016 Regular Sessions
I N S E N A T E
March 16, 2015
___________
Introduced by Sen. LANZA -- 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
increasing the retiree public 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 $50,000
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09946-01-5
2015-S4345A (ACTIVE) - Details
2015-S4345A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4345A
TITLE OF BILL : An act to amend the retirement and social security
law, in relation to increasing the retiree public earnings cap
PURPOSE :
This bill would increase the amount that a public retiree under
sixty-five years of age may earn in public employment without a
reduction of his or her retirement benefits.
SUMMARY OF PROVISIONS :
The bill amends subdivision 2 of Section 212 of the Retirement and
Social Security Law. It would allow a public retiree to earn up to
$50,000 in public employment without reducing the retiree's pension.
JUSTIFICATION :
Under current law, retirees may earn up to $30,000 from public
employment without diminution of retirement earnings. From 1996
through 2004 this earnings limit was raised each year. The last time
it was increased was in 2007 when it was raised from $27,500 to
$30,000. Increasing the mount up to $50,000 for retirees under 65
years of age would allow state and local governments the ability to
hire experienced employees at a significant) reduced cost without
2015-S4345A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4345--A
2015-2016 Regular Sessions
I N S E N A T E
March 16, 2015
___________
Introduced by Sen. LANZA -- read twice and ordered printed, and when
printed to be committed to the Committee on Civil Service and Pensions
-- recommitted to the Committee on Civil Service and Pensions in
accordance with Senate Rule 6, sec. 8 -- committee discharged, bill
amended, ordered reprinted as amended and recommitted to said commit-
tee
AN ACT to amend the retirement and social security law, in relation to
increasing the retiree public 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 $50,000
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09946-02-6
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