|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 22, 2019||referred to ways and means|
delivered to assembly
|May 20, 2019||advanced to third reading|
|May 15, 2019||2nd report cal.|
|May 14, 2019||1st report cal.749|
|Feb 22, 2019||referred to civil service and pensions|
senate Bill S3964
Current Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S3964 (ACTIVE) - Details
S3964 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3964 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the retirement and social security law, in relation to accidental disability retirement for deputy sheriffs PURPOSE: To provide the option for employers to provide an accidental disability retirement benefit for deputy sheriffs in the amount of three-quarters of the deputy sheriff's final average salary. SUMMARY OF PROVISIONS: Section one of this bill amends Retirement and Social Security Law section 556(a)(3) to provide employers with the ability to offer a 3/4 accidental retirement benefit for deputy sheriffs. Section two of this bill provides that this act shall take effect imme-
S3964 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3964 2019-2020 Regular Sessions I N S E N A T E February 22, 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 accidental disability retirement for deputy sheriffs THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subdivision e of section 556 of the retire- ment and social security law, as added by chapter 165 of the laws of 1995, is amended to read as follows: 3. A pension of two-thirds of his or her final average salary; PROVIDED, HOWEVER, A DEPUTY SHERIFF SHALL RECEIVE A PENSION OF THREE- QUARTERS OF HIS OR HER FINAL AVERAGE SALARY IF SUCH DEPUTY SHERIFF IS EMPLOYED BY AN EMPLOYER THAT HAS ELECTED TO PROVIDE SUCH BENEFIT TO DEPUTY SHERIFFS. The payment of such pension shall be subject to the provisions of section [three hundred] sixty-four of this chapter. § 2. This act shall take effect immediately. FISCAL NOTE.-- Pursuant to Legislative Law, Section 50: This bill would allow employers to elect to provide improved acci- dental disability pensions to deputy sheriffs who are covered by the provisions of Article 14-B of the Retirement and Social Security Law. The benefit for an accidental disability would be three-quarters of final average salary minus worker's compensation. The current benefit is two-thirds of final average salary minus worker's compensation. If this bill is enacted, the estimated increase in the annual contrib- utions of electing counties would be 0.3% of the compensation of their deputy sheriffs for the fiscal year ending March 31, 2020. In addition to the annual contributions discussed above, there will be a past service cost of 0.9% of the compensation of such deputy sheriffs which will be paid by such electing counties as a one-time payment. This estimate is based on the assumption that payment will be made on Febru- ary 1, 2020. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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