Senate Bill S5842A

2019-2020 Legislative Session

Relates to member contribution per centum increases

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Sponsored By

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

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Bill Amendments

2019-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
Versions Introduced in Other Legislative Sessions:
2021-2022: S4236, A6988
2023-2024: S3614, A5209

2019-S5842 - Summary

Relates to member contribution per centum increases.

2019-S5842 - Sponsor Memo

2019-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
              

2019-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
Versions Introduced in Other Legislative Sessions:
2021-2022: S4236, A6988
2023-2024: S3614, A5209

2019-S5842A (ACTIVE) - Summary

Relates to member contribution per centum increases.

2019-S5842A (ACTIVE) - Sponsor Memo

2019-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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