senate Bill S5842A

2019-2020 Legislative Session

Relates to member contribution per centum increases

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Civil Service And Pensions 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 (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 26, 2020 print number 5842a
Mar 26, 2020 amend and recommit to civil service and pensions
Jan 08, 2020 referred to civil service and pensions
May 15, 2019 referred to civil service and pensions

S5842 - Details

See Assembly Version of this Bill:
A7249
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§517, 613 & 1204, R & SS L; amd §§182, 392 & 6252, Ed L

S5842 - Summary

Relates to member contribution per centum increases.

S5842 - Sponsor Memo

S5842 - Bill Text download pdf


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

                                  5842

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 15, 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 and the education
  law, in relation to member contribution per centum increases

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraphs 1, 2, 3, 4 and 5 of subdivision a of section 517
of the retirement and social security law, as added by chapter 18 of the
laws of 2012, are amended to read as follows:
  1. members with wages of forty-five thousand dollars per annum or less
shall contribute three per centum of annual wages.  ON  APRIL  ONE,  TWO
THOUSAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
GRAPH SHALL BE INCREASED BY THREE PER CENTUM;
  2. members with wages greater than forty-five thousand per annum,  but
not  more  than fifty-five thousand per annum shall contribute three and
one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY,
AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
INCREASED BY THREE PER CENTUM;
  3. members with wages greater than fifty-five thousand per annum,  but
not  more than seventy-five thousand per annum shall contribute four and
one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY,
AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
INCREASED BY THREE PER CENTUM;
  4. members with wages greater than seventy-five thousand per annum but
not more than one hundred thousand per annum shall contribute  five  and
three-quarters  per  centum  of annual wages. ON APRIL ONE, TWO THOUSAND
TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
BE INCREASED BY THREE PER CENTUM; and
  5.  members  with  wages  greater  than one hundred thousand per annum
shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11081-01-9

S5842A (ACTIVE) - Details

See Assembly Version of this Bill:
A7249
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§517, 613 & 1204, R & SS L; amd §§182, 392 & 6252, Ed L

S5842A (ACTIVE) - Summary

Relates to member contribution per centum increases.

S5842A (ACTIVE) - Sponsor Memo

S5842A (ACTIVE) - Bill Text download pdf


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

                                 5842--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 15, 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 and the education
  law, in relation to member contribution per centum increases

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraphs 1, 2, 3, 4 and 5 of subdivision a of section 517
of the retirement and social security law, as added by chapter 18 of the
laws of 2012, are amended to read as follows:
  1. members with wages of forty-five thousand dollars per annum or less
shall  contribute  three  per  centum of annual wages. ON APRIL ONE, TWO
THOUSAND TWENTY-ONE, AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS
SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
  2.  members with wages greater than forty-five thousand per annum, but
not more than fifty-five thousand per annum shall contribute  three  and
one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL  BE
INCREASED BY THREE PER CENTUM;
  3.  members with wages greater than fifty-five thousand per annum, but
not more than seventy-five thousand per annum shall contribute four  and
one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL  BE
INCREASED BY THREE PER CENTUM;
  4. members with wages greater than seventy-five thousand per annum but
not  more  than one hundred thousand per annum shall contribute five and
three-quarters per centum of annual wages. ON APRIL  ONE,  TWO  THOUSAND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11081-04-0

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