Assembly Bill A10595

2019-2020 Legislative Session

Provides a temporary retirement incentive for certain public employees (Part A); and provides an age 55/25 years temporary retirement incentive for certain public employees (Part B)

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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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2019-A10595 (ACTIVE) - Details

See Senate Version of this Bill:
S8599
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement
Versions Introduced in 2021-2022 Legislative Session:
A5087, S2722

2019-A10595 (ACTIVE) - Summary

Provides a temporary retirement incentive for certain public employees (Part A); provides an age 55/25 years temporary retirement incentive for certain public employees (Part B).

2019-A10595 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10595
 
                           I N  A S S E M B L Y
 
                               June 5, 2020
                                ___________
 
 Introduced by COMMITTEE ON RULES -- (at request of M. of A. Abinanti) --
   read once and referred to the Committee on Governmental Employees
 
 AN  ACT  to  provide a temporary retirement incentive for certain public
   employees (Part A); and  to  provide  an  age  55/25  years  temporary
   retirement incentive for certain public employees (Part B)

   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  enable public employers to offer a temporary retirement incentive
 to their employees, as well as to provide an age 55/25  years  temporary
 incentive  for  certain  public  employees.  Each  component  is  wholly
 contained within a Part identified as Parts A and B. The effective  date
 for each particular provision contained within such Part is set forth in
 the  last  section  of such part. Any provision in any section contained
 within a Part, including the effective date of  the  Part,  which  makes
 reference  to a section "of this act", when used in connection with that
 particular component, shall be deemed to mean and refer  to  the  corre-
 sponding  section  of the Part in which it is found, unless noted other-
 wise. The benefits of this act shall not be  applicable  to  anyone  who
 first  became  a member of a public retirement system of the state on or
 after January first, two thousand ten.
   § 2. Legislative findings. The legislature finds and declares that the
 retirement benefits provided for in this act  are  designed  to  achieve
 cost-savings for public employers and to avoid layoffs of public employ-
 ees  in  this  time  of fiscal need. Therefore, the retirement incentive
 benefit provided for in Part A of this  act  and  the  age  55/25  years
 retirement  benefit provided for in Part B of this act are intended only
 to be temporary in nature for employees who are eligible to receive  and
 qualify  for  the  applicable benefit during the applicable time periods
 specified within each Part.  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 qual-
 ify for the retirement benefits in this act during the  applicable  time
 periods.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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