assembly Bill A10690

2019-2020 Legislative Session

Relates to primary social security retirement benefits for certain police/fire members

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 01, 2020 referred to governmental employees

A10690 (ACTIVE) - Details

See Senate Version of this Bill:
S8149
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L
Versions Introduced in 2021-2022 Legislative Session:
A6930, S6082

A10690 (ACTIVE) - Summary

Relates to primary social security retirement benefits for certain police/fire members; provides that in the computation of the normal service retirement benefit of police/fire members who are members of the New York city fire department pension fund, there shall be no reduction for the primary social security retirement benefit.

A10690 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10690

                          I N  A S S E M B L Y

                              July 1, 2020
                               ___________

Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Abbate) --
  read once and referred to the Committee on Governmental Employees

AN ACT to amend the retirement and social security law, in  relation  to
  primary  social  security  retirement benefits for certain police/fire
  members

  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, PROVIDED, HOWEVER, THAT THE COMPUTATION  OF  THE
NORMAL SERVICE RETIREMENT BENEFIT OF POLICE/FIRE MEMBERS WHO ARE MEMBERS
OF  THE NEW YORK CITY FIRE DEPARTMENT PENSION FUND, 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
salary for each month of service in excess of twenty years, but  not  in
excess  of  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,
provided, however, that New York city police/fire revised plan  members,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets