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Senate Bill S5725A

2017-2018 Legislative Session

Increases the amount of money a public retirement system retiree may earn in a position of public service to $50,000

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Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

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Bill Amendments

co-Sponsors

2017-S5725 - Details

See Assembly Version of this Bill:
A7872
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S4345
2019-2020: S795, A7109
2021-2022: S4920, A2453
2023-2024: S4124
2025-2026: S5579

2017-S5725 - Summary

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2019 and thereafter to $50,000.

2017-S5725 - Sponsor Memo

2017-S5725 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5725
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 27, 2017
                                ___________
 
 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 2017         $30,000
         2018 AND THEREAFTER                        $50,000
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11048-01-7

co-Sponsors

2017-S5725A (ACTIVE) - Details

See Assembly Version of this Bill:
A7872
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S4345
2019-2020: S795, A7109
2021-2022: S4920, A2453
2023-2024: S4124
2025-2026: S5579

2017-S5725A (ACTIVE) - Summary

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2019 and thereafter to $50,000.

2017-S5725A (ACTIVE) - Sponsor Memo

2017-S5725A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5725--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 27, 2017
                                ___________
 
 Introduced by Sens. LANZA, SEWARD -- 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 2018         $30,000
         2019 AND THEREAFTER                        $50,000
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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