|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jun 19, 2018||referred to governmental employees|
delivered to assembly
|Jun 04, 2018||advanced to third reading|
|May 31, 2018||2nd report cal.|
|May 30, 2018||1st report cal.1403|
|May 29, 2018||referred to civil service and pensions|
senate Bill S8859
Archive: Last Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S8859 (ACTIVE) - Details
S8859 (ACTIVE) - Summary
Relates to additional member contributions for certain members under the age fifty-seven retirement program; provides that members holding certain titles who due to their age at the time of enrollment in the age fifty-seven retirement program will not obtain twenty-five years of service credit and therefore will not be eligible for a refund of their additional member contributions shall not be required to make additional member contributions.
S8859 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8859 SPONSOR: GOLDEN TITLE OF BILL: An act to amend the retirement and social security law, in relation to additional member contributions for certain members under the age fifty-seven retirement program PURPOSE OR GENERAL IDEA OF BILL: This bill corrects inequities in the 57/5 plan that requires members to make the physically taxing Additional Member Contributions (AMCs) even if those members due to their enrollment date would not be able to receive the benefits of those AMCs. SUMMARY OF PROVISIONS: This bill amends section 604-d of the retirement and social security law to exempt certain members from making the physically taxing AMC.
S8859 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8859 I N S E N A T E May 29, 2018 ___________ Introduced by Sen. GOLDEN -- 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 additional member contributions for certain members under the age fifty-seven retirement program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision f of section 604-d of the retirement and social security law is amended by adding a new subpara- graph (iv) to read as follows: (IV) NOTWITHSTANDING THE PROVISIONS OF SUBPARAGRAPH (II) OF THIS PARA- GRAPH, A PARTICIPANT HOLDING THE TITLE OF CARPENTER, SUPERVISOR CARPEN- TER, SHIP CARPENTER, SUPERVISOR SHIP CARPENTER, RIGGER, DOCKBUILDER, SUPERVISOR DOCKBUILDER AND GENERAL SUPERVISOR DOCKBUILDER WHO IS A PARTICIPANT IN THE AGE FIFTY-SEVEN RETIREMENT PROGRAM AND WHOSE AGE AND ALLOWABLE SERVICE ARE SUCH THAT HE OR SHE COULD NOT POSSIBLY BE ABLE TO ACCUMULATE AT LEAST TWENTY-FIVE YEARS OF SERVICE BY THE TIME HE OR SHE REACHES AGE FIFTY-SEVEN, SHALL NOT BE REQUIRED TO MAKE THE ADDITIONAL MEMBER CONTRIBUTION PURSUANT TO SUBPARAGRAPH (II) OF THIS PARAGRAPH. ANY PARTICIPANT IN THE TITLES LISTED IN THIS SUBPARAGRAPH WHO HAS MADE ADDITIONAL MEMBER CONTRIBUTIONS PURSUANT TO SUBPARAGRAPH (II) OF THIS PARAGRAPH PRIOR TO THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO THOUSAND SEVENTEEN THAT ADDED THIS SUBPARAGRAPH SHALL RECEIVE A REFUND OF THE EMPLOYEE PORTION OF SUCH CONTRIBUTIONS PLUS INTEREST PROVIDED THAT THEIR AGE AND ALLOWABLE SERVICE ARE SUCH THAT HE OR SHE COULD NOT POSSIBLY BE ABLE TO ACCUMULATE AT LEAST TWENTY-FIVE YEARS OF SERVICE BY THE TIME HE OR SHE REACHES AGE FIFTY-SEVEN. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: SUMMARY OF BILL: This proposed legislation would amend New York Retirement and Social Security Law (RSSL) Section 604-d to exempt from the physically taxing provisions certain Tier 4 carpenter titles, who are participants in the New York City Employees' Retirement System (NYCERS) or the Board of Education Retirement System of the City of New EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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