Assembly Bill A10351

2017-2018 Legislative Session

Relates to applying cost-of-living adjustments

download bill text pdf

Sponsored By

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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2017-A10351 (ACTIVE) - Details

See Senate Version of this Bill:
S6049
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2013-2014: S6785
2015-2016: S3919
2019-2020: S5902
2021-2022: S6651
2023-2024: S6160

2017-A10351 (ACTIVE) - Summary

Provides a cost-of-living adjustment for New York public retirement systems.

2017-A10351 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10351
 
                           I N  A S S E M B L Y
 
                              April 16, 2018
                                ___________
 
 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, the education
   law and the administrative code of the city of New York,  in  relation
   to providing cost-of-living adjustments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision a of section 78-a of the retirement and  social
 security law, as added by chapter 125 of the laws of 2000, is amended to
 read as follows:
   a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND EIGHTEEN,
 A  cost-of-living  adjustment shall be payable on the basis provided for
 in this section to: (i) all pensioners who have attained age [sixty-two]
 FIFTY-FIVE and have been retired for five years;  (ii)  [all  pensioners
 who  have  attained  age fifty-five and have been retired for ten years;
 (iii)] all disability pensioners regardless of age who have been retired
 for five years; and [(iv)] (III) all recipients of an  accidental  death
 benefit  regardless of age who have been receiving such benefit for five
 years.
   § 2. Subdivision a of section 378-a of the retirement and social secu-
 rity law, as added by chapter 125 of the laws of  2000,  is  amended  to
 read as follows:
   a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND EIGHTEEN,
 A  cost-of-living  adjustment shall be payable on the basis provided for
 in this section to: (i) all pensioners who have attained age [sixty-two]
 FIFTY-FIVE and have been retired for five years; AND (ii) [all  pension-
 ers  who  have  attained  age  fifty-five  and have been retired for ten
 years; and (iii)] all disability pensioners regardless of age  who  have
 been retired for five years.
   §  3. Subdivision a of section 532-a of the education law, as added by
 chapter 125 of the laws of 2000, is amended to read as follows:
   a. [A] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND EIGHTEEN,
 A cost-of-living adjustment shall be payable on the basis  provided  for
 in this section to: (i) all pensioners who have attained age [sixty-two]
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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