Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 08, 2020 |
print number 5613a |
Apr 08, 2020 |
amend and recommit to civil service and pensions |
Jan 08, 2020 |
referred to civil service and pensions |
May 29, 2019 |
reported and committed to finance |
May 09, 2019 |
referred to civil service and pensions |
Senate Bill S5613A
2019-2020 Legislative Session
Sponsored By
(D) 26th Senate District
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
Actions
Votes
Bill Amendments
2019-S5613 - Details
- See Assembly Version of this Bill:
- A7663
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §604-g, R & SS L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S8655
2021-2022: S6985
2019-S5613 - Sponsor Memo
BILL NUMBER: S5613 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the retirement and social security law, in relation to automotive members of the New York city employees' retirement system PURPOSE OR GENERAL IDEA OF BILL: Provide automotive members of the New York City Employees' Retirement System who begin their careers later in life with the ability to receive a vested retirement benefit SUMMARY OF PROVISIONS: Section one of the bill amends Retirement and Social Security Law section 604-g(d)(2)(ii). Section two of the bill amends Retirement and Social Security Law, section 604-g(e) by adding a new paragraph 13.
2019-S5613 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5613 2019-2020 Regular Sessions I N S E N A T E May 9, 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 automotive members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph 2 of subdivision d of section 604-g of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: (ii) In the case of a participant who is not a New York city revised plan member, such vested benefit shall become payable [on the earliest date on which such discontinued member could have retired for service if such discontinuance had not occurred] AS FOLLOWS: (A) AT THE LATER OF AGE SIXTY-TWO OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST TEN YEARS OF CREDITED SERVICE; OR (B) AT THE LATER OF AGE SIXTY-THREE OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST EIGHT, BUT FEWER THAN TEN YEARS OF CREDITED SERVICE; OR (C) AT THE LATER OF AGE SIXTY-FOUR OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST SIX, BUT FEWER THAN EIGHT YEARS OF CREDITED SERVICE; OR (D) AT THE LATER OF AGE SIXTY-FIVE OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST FIVE, BUT FEWER THAN SIX YEARS OF CREDITED SERVICE; or, in the case of a participant who is a New York city revised plan member, such vested benefit shall become payable at age sixty-three. § 2. Subdivision e of section 604-g of the retirement and social secu- rity law is amended by adding a new paragraph 13 to read as follows: 13. IN ADDITION TO THE DEFERRED VESTED BENEFIT CALCULATED PURSUANT TO SUBDIVISION D OF THIS SECTION, A PARTICIPANT WHO IS ELIGIBLE FOR SUCH BENEFIT SHALL RECEIVE A LIFE ANNUITY (CALCULATED IN ACCORDANCE WITH THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2019-S5613A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7663
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §604-g, R & SS L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S8655
2021-2022: S6985
2019-S5613A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5613A SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the retirement and social security law, in relation to automotive members of the New York city employees' retirement system PURPOSE OR GENERAL IDEA OF BILL: Provide automotive members of the New York City Employees' Retirement System who begin their careers later in life with the ability to receive a vested retirement benefit SUMMARY OF PROVISIONS: Section one of the bill amends Retirement and Social Security Law section 604- g(d)(2)(ii). Section two of the bill amends Retirement and Social Security Law, section 604-g(e) by adding a new paragraph 13.
2019-S5613A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5613--A 2019-2020 Regular Sessions I N S E N A T E May 9, 2019 ___________ Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- 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 commit- tee AN ACT to amend the retirement and social security law, in relation to automotive members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph 2 of subdivision d of section 604-g of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: (ii) In the case of a participant who is not a New York city revised plan member, such vested benefit shall become payable [on the earliest date on which such discontinued member could have retired for service if such discontinuance had not occurred] AS FOLLOWS: (A) AT THE LATER OF AGE SIXTY-TWO OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST TEN YEARS OF CREDITED SERVICE; OR (B) AT THE LATER OF AGE SIXTY-THREE OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST EIGHT, BUT FEWER THAN TEN YEARS OF CREDITED SERVICE; OR (C) AT THE LATER OF AGE SIXTY-FOUR OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST SIX, BUT FEWER THAN EIGHT YEARS OF CREDITED SERVICE; OR (D) AT THE LATER OF AGE SIXTY-FIVE OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST FIVE, BUT FEWER THAN SIX YEARS OF CREDITED SERVICE; or, in the case of a participant who is a New York city revised plan member, such vested benefit shall become payable at age sixty-three. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04327-03-0
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