Senate Bill S5924C

2019-2020 Legislative Session

Relates to service retirement benefits for members of the NYC police pension fund

download bill text pdf

Sponsored By

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

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Bill Amendments

2019-S5924 - Details

See Assembly Version of this Bill:
A8182
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8664, A9810
2023-2024: S6481, A6344

2019-S5924 - Summary

Provides that service retirement benefits for members of the NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

2019-S5924 - Sponsor Memo

2019-S5924 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5924
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced by Sen. GOUNARDES -- 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
   service retirement benefits for members of  the  New  York  city  fire
   department pension fund

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 505 of the retirement and social security  law,  as
 amended  by  chapter  18  of  the  laws  of  2012, is amended to read as
 follows:
   § 505. Service retirement benefits; police/fire members, New York city
 uniformed correction/sanitation revised plan  members  and  investigator
 revised  plan  members.  a.  The  normal  service retirement benefit for
 police/fire members OF THE NEW YORK CITY POLICE PENSION FUND,  New  York
 city  uniformed  correction/sanitation revised plan members and investi-
 gator revised plan members at normal retirement age shall be  a  pension
 equal  to  fifty  percent of final average salary, less fifty percent of
 the primary social security retirement benefit commencing at age  sixty-
 two,  as  provided  in  section five hundred eleven of this article. THE
 NORMAL SERVICE RETIREMENT BENEFIT FOR MEMBERS OF THE NEW YORK CITY  FIRE
 DEPARTMENT  PENSION  FUND  AT  NORMAL  RETIREMENT AGE SHALL BE A PENSION
 EQUAL TO FIFTY PERCENT OF FINAL AVERAGE SALARY AND SHALL NOT BE  REDUCED
 BY  THE  PRIMARY  SOCIAL SECURITY BENEFIT COMMENCING AT AGE SIXTY-TWO AS
 PROVIDED IN SECTION FIVE HUNDRED ELEVEN OF THIS ARTICLE.
   b. The early service retirement benefit for police/fire members OF THE
 NEW  YORK  CITY  POLICE  PENSION   FUND,   New   York   city   uniformed
 correction/sanitation revised plan members and investigator revised plan
 members  shall be a pension equal to two and one-tenths percent of final
 average salary times years of credited  service  at  the  completion  of
 twenty  years  of service or upon attainment of age sixty-two, increased
 by one-third of one percent of final average salary for  each  month  of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2019-S5924A - Details

See Assembly Version of this Bill:
A8182
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8664, A9810
2023-2024: S6481, A6344

2019-S5924A - Summary

Provides that service retirement benefits for members of the NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

2019-S5924A - Sponsor Memo

2019-S5924A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5924--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
 AN ACT to amend the retirement and social security law, in  relation  to
   service  retirement  benefits  for  members  of the New York city fire
   department pension fund and the New York city police pension fund
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section 505 of the retirement and social security law, as
 amended by chapter 18 of the  laws  of  2012,  is  amended  to  read  as
 follows:
   § 505. Service retirement benefits; police/fire members, New York city
 uniformed  correction/sanitation  revised  plan members and investigator
 revised plan members. a.  The  normal  service  retirement  benefit  for
 police/fire  members,  New  York  city  uniformed  correction/sanitation
 revised plan members and investigator revised  plan  members  at  normal
 retirement  age shall be a pension equal to fifty percent of final aver-
 age salary, less fifty percent of the primary social security retirement
 benefit commencing at age sixty-two, as provided in section five hundred
 eleven of this article, EXCEPT THAT FOR POLICE/FIRE MEMBERS OF  THE  NEW
 YORK  CITY  FIRE  DEPARTMENT  PENSION  FUND  OR THE NEW YORK CITY POLICE
 PENSION FUND, THE NORMAL SERVICE RETIREMENT BENEFIT SHALL NOT BE REDUCED
 BY THE PRIMARY SOCIAL SECURITY  RETIREMENT  BENEFIT  COMMENCING  AT  AGE
 SIXTY-TWO AS PROVIDED IN SECTION FIVE HUNDRED ELEVEN OF THIS ARTICLE.
   b.  The  early service retirement benefit for police/fire members, New
 York city  uniformed  correction/sanitation  revised  plan  members  and
 investigator  revised  plan  members shall be a pension equal to two and
 one-tenths percent of final  average  salary  times  years  of  credited
 service  at the completion of twenty years of service or upon attainment
 of age sixty-two, increased by one-third of one percent of final average
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2019-S5924B - Details

See Assembly Version of this Bill:
A8182
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8664, A9810
2023-2024: S6481, A6344

2019-S5924B - Summary

Provides that service retirement benefits for members of the NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

2019-S5924B - Sponsor Memo

2019-S5924B - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5924--B
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced  by Sens. GOUNARDES, ADDABBO, HARCKHAM, HOYLMAN, LANZA, SAVI-
   NO, SKOUFIS -- read twice and ordered printed, and when printed to  be
   committed  to the Committee on Civil Service and Pensions -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee  --  committee  discharged,  bill  amended,  ordered
   reprinted as amended and recommitted to said committee
 
 AN  ACT  to amend the retirement and social security law, in relation to
   service retirement benefits for members of  the  New  York  city  fire
   department pension fund and the New York city police pension fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 505 of the retirement and social security  law,  as
 amended  by  chapter  18  of  the  laws  of  2012, is amended to read as
 follows:
   § 505. Service retirement benefits; police/fire members, New York city
 uniformed correction/sanitation revised plan  members  and  investigator
 revised  plan  members.  a.  The  normal  service retirement benefit for
 police/fire  members,  New  York  city  uniformed  correction/sanitation
 revised  plan  members  and  investigator revised plan members at normal
 retirement age shall be a pension equal to fifty percent of final  aver-
 age salary, less fifty percent of the primary social security retirement
 benefit commencing at age sixty-two, as provided in section five hundred
 eleven  of  this article, EXCEPT THAT FOR POLICE/FIRE MEMBERS OF THE NEW
 YORK CITY FIRE DEPARTMENT PENSION FUND  OR  THE  NEW  YORK  CITY  POLICE
 PENSION FUND, THE NORMAL SERVICE RETIREMENT BENEFIT SHALL NOT BE REDUCED
 BY  THE  PRIMARY  SOCIAL  SECURITY  RETIREMENT BENEFIT COMMENCING AT AGE
 SIXTY-TWO AS PROVIDED IN SECTION FIVE HUNDRED ELEVEN OF THIS ARTICLE.
   b. The early service retirement benefit for police/fire  members,  New
 York  city  uniformed  correction/sanitation  revised  plan  members and
 investigator revised plan members shall be a pension equal  to  two  and
 one-tenths  percent  of  final  average  salary  times years of credited
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2019-S5924C (ACTIVE) - Details

See Assembly Version of this Bill:
A8182
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8664, A9810
2023-2024: S6481, A6344

2019-S5924C (ACTIVE) - Summary

Provides that service retirement benefits for members of the NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

2019-S5924C (ACTIVE) - Sponsor Memo

2019-S5924C (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5924--C
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced  by  Sens. GOUNARDES, ADDABBO, BIAGGI, FUNKE, HARCKHAM, HOYL-
   MAN, LANZA, SANDERS, SAVINO,  SKOUFIS,  STAVISKY  --  read  twice  and
   ordered  printed, and when printed to be committed to the Committee on
   Civil Service and Pensions  --  committee  discharged,  bill  amended,
   ordered  reprinted  as  amended  and  recommitted to said committee --
   committee discharged, bill amended, ordered reprinted as  amended  and
   recommitted to said committee -- 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 committee
 
 AN  ACT  to amend the retirement and social security law, in relation to
   service retirement benefits for members of the New  York  city  police
   pension fund
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 505 of the retirement and social security  law,  as
 amended  by  chapter  18  of  the  laws  of  2012, is amended to read as
 follows:
   § 505. Service retirement benefits; police/fire members, New York city
 uniformed correction/sanitation revised plan  members  and  investigator
 revised  plan  members.  a.  The  normal  service retirement benefit for
 police/fire  members,  New  York  city  uniformed  correction/sanitation
 revised  plan  members  and  investigator revised plan members at normal
 retirement age shall be a pension equal to fifty percent of final  aver-
 age salary, less fifty percent of the primary social security retirement
 benefit commencing at age sixty-two, as provided in section five hundred
 eleven  of  this  article,  EXCEPT THAT FOR MEMBERS OF THE NEW YORK CITY
 POLICE PENSION FUND, THE NORMAL SERVICE RETIREMENT BENEFIT SHALL NOT  BE
 REDUCED  BY THE PRIMARY SOCIAL SECURITY RETIREMENT BENEFIT COMMENCING AT
 AGE SIXTY-TWO AS  PROVIDED  IN  SECTION  FIVE  HUNDRED  ELEVEN  OF  THIS
 ARTICLE.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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