Senate Bill S5640A

2017-2018 Legislative Session

Provides temporary retirement incentive for certain public employees

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules 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

2017-S5640 - Details

See Assembly Version of this Bill:
A7354
Current Committee:
Senate Rules
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2015-2016: S7639, A10639
2019-2020: A7449
2021-2022: A6486
2023-2024: A6566

2017-S5640 - Summary

Establishes an age 55/25 temporary retirement incentive for certain public employees.

2017-S5640 - Sponsor Memo

2017-S5640 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5640
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 24, 2017
                                ___________
 
 Introduced  by  Sen.  CROCI  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
 
 AN ACT to provide temporary  retirement  incentive  for  certain  public
   employees
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. This act enacts into law  components  of  legislation  that
 would  establish an age 55/25 temporary retirement incentive for certain
 public employees.
   § 2. Legislative findings. The legislature finds and declares that the
 retirement benefit for certain public employees who are above age 55 and
 with 25 years of service provided for in this act is intended only to be
 temporary in nature for employees who are eligible to receive and quali-
 fy for the applicable benefit during the applicable time periods  speci-
 fied  in  this  act.  Further, nothing in this act shall be construed to
 create an expectation of a future or continuing retirement  benefit  for
 any  public  employee who is not eligible to receive and qualify for the
 retirement benefits herein during the applicable time periods.
   § 3. Definitions. As used in this  act,  unless  the  context  clearly
 requires otherwise:
   (a)  "Retirement system" means the New York state teachers' retirement
 system.
   (b) "Teachers' retirement system" means the New York  state  teachers'
 retirement system.
   (c)  "Educational  employer" means a participating employer which is a
 school district, a board of cooperative educational  services,  a  voca-
 tional education and extension board, an institution for the instruction
 of the deaf and of the blind as enumerated in section 4201 of the educa-
 tion law, or a school district as enumerated in section 1 of chapter 566
 of the laws of 1967, as amended.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02162-02-7
              

co-Sponsors

2017-S5640A (ACTIVE) - Details

See Assembly Version of this Bill:
A7354
Current Committee:
Senate Rules
Law Section:
Retirement
Versions Introduced in Other Legislative Sessions:
2015-2016: S7639, A10639
2019-2020: A7449
2021-2022: A6486
2023-2024: A6566

2017-S5640A (ACTIVE) - Summary

Establishes an age 55/25 temporary retirement incentive for certain public employees.

2017-S5640A (ACTIVE) - Sponsor Memo

2017-S5640A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5640--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 24, 2017
                                ___________
 
 Introduced  by  Sen.  CROCI  -- 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  provide  temporary  retirement incentive for certain public
   employees
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This  act  enacts into law components of legislation that
 would establish an age 55/25 temporary retirement incentive for  certain
 public employees.
   § 2. Legislative findings. The legislature finds and declares that the
 retirement benefit for certain public employees who are above age 55 and
 with 25 years of service provided for in this act is intended only to be
 temporary in nature for employees who are eligible to receive and quali-
 fy  for the applicable benefit during the applicable time periods speci-
 fied in this act. Further, nothing in this act  shall  be  construed  to
 create  an  expectation of a future or continuing retirement benefit for
 any public employee who is not eligible to receive and qualify  for  the
 retirement benefits herein during the applicable time periods.
   §  3.  Definitions.  As  used  in this act, unless the context clearly
 requires otherwise:
   (a) "Retirement system" means the New York state teachers'  retirement
 system.
   (b)  "Teachers'  retirement system" means the New York state teachers'
 retirement system.
   (c) "Educational employer" means a participating employer which  is  a
 school  district,  a  board of cooperative educational services, a voca-
 tional education and extension board, an institution for the instruction
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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