senate Bill S5924

2019-2020 Legislative Session

Relates to service retirement benefits for members of the NYC fire department pension fund and NYC police pension fund

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 (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 13, 2019 print number 5924b
Jun 13, 2019 amend and recommit to civil service and pensions
Jun 05, 2019 print number 5924a
Jun 05, 2019 amend (t) and recommit to civil service and pensions
May 16, 2019 referred to civil service and pensions

S5924 - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L

S5924 - Summary

Provides that service retirement benefits for members of the NYC fire department pension fund and NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

S5924 - Sponsor Memo

S5924 - Bill Text download pdf


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

                                  5924

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 16, 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
  service retirement benefits for members of  the  New  York  city  fire
  department pension fund

  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 OF THE NEW YORK CITY POLICE PENSION FUND,  New  York
city  uniformed  correction/sanitation revised plan members and investi-
gator revised plan members at normal retirement age shall be  a  pension
equal  to  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. THE
NORMAL SERVICE RETIREMENT BENEFIT FOR MEMBERS OF THE NEW YORK CITY  FIRE
DEPARTMENT  PENSION  FUND  AT  NORMAL  RETIREMENT AGE SHALL BE A PENSION
EQUAL TO FIFTY PERCENT OF FINAL AVERAGE SALARY AND SHALL NOT BE  REDUCED
BY  THE  PRIMARY  SOCIAL SECURITY 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 OF THE
NEW  YORK  CITY  POLICE  PENSION   FUND,   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

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

Co-Sponsors

S5924A - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L

S5924A - Summary

Provides that service retirement benefits for members of the NYC fire department pension fund and NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

S5924A - Sponsor Memo

S5924A - Bill Text download pdf


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

                                 5924--A

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 16, 2019
                               ___________

Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  --  committee  discharged,  bill amended, ordered reprinted as amended
  and recommitted to said committee

AN ACT to amend the retirement and social security law, in  relation  to
  service  retirement  benefits  for  members  of the New York city fire
  department pension fund and the New York city police pension fund

  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, EXCEPT THAT FOR POLICE/FIRE MEMBERS OF  THE  NEW
YORK  CITY  FIRE  DEPARTMENT  PENSION  FUND  OR THE NEW YORK CITY POLICE
PENSION FUND, THE NORMAL SERVICE RETIREMENT BENEFIT 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

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

Co-Sponsors

view additional co-sponsors

S5924B (ACTIVE) - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L

S5924B (ACTIVE) - Summary

Provides that service retirement benefits for members of the NYC fire department pension fund and NYC police pension fund shall not be reduced by the primary social security retirement benefit commencing at age sixty-two.

S5924B (ACTIVE) - Sponsor Memo

S5924B (ACTIVE) - Bill Text download pdf


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

                                 5924--B

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                              May 16, 2019
                               ___________

Introduced  by Sens. GOUNARDES, ADDABBO, HARCKHAM, HOYLMAN, LANZA, SAVI-
  NO, SKOUFIS -- read twice and ordered printed, and when printed to  be
  committed  to the Committee on Civil Service and Pensions -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee  --  committee  discharged,  bill  amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to amend the retirement and social security law, in relation to
  service retirement benefits for members of  the  New  York  city  fire
  department pension fund and the New York city police pension fund

  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, EXCEPT THAT FOR POLICE/FIRE MEMBERS OF THE NEW
YORK CITY FIRE DEPARTMENT PENSION FUND  OR  THE  NEW  YORK  CITY  POLICE
PENSION FUND, THE NORMAL SERVICE RETIREMENT BENEFIT 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

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

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