senate Bill S8149

2019-2020 Legislative Session

Relates to primary social security retirement benefits for certain police/fire members

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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 08, 2020 referred to civil service and pensions

Co-Sponsors

view additional co-sponsors

S8149 (ACTIVE) - Details

See Assembly Version of this Bill:
A10690
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§505, 511 & 516, R & SS L

S8149 (ACTIVE) - Summary

Relates to primary social security retirement benefits for certain police/fire members; provides that in the computation of the normal service retirement benefit of police/fire members who are members of the New York city fire department pension fund, there shall be no reduction for the primary social security retirement benefit.

S8149 (ACTIVE) - Sponsor Memo

S8149 (ACTIVE) - Bill Text download pdf


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

                                  8149

                            I N  S E N A T E

                              April 8, 2020
                               ___________

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
  primary social security retirement benefits  for  certain  police/fire
  members

  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, PROVIDED, HOWEVER, THAT THE COMPUTATION OF THE
NORMAL SERVICE RETIREMENT BENEFIT OF POLICE/FIRE MEMBERS WHO ARE MEMBERS
OF THE NEW YORK CITY FIRE DEPARTMENT PENSION FUND, 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
salary  for  each month of service in excess of twenty years, but not in
excess of 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,
provided,  however, that New York city police/fire revised plan members,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.