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Assembly Bill A2453

2021-2022 Legislative Session

Increases the amount of money a public retirement system retiree may earn in a position of public service to $50,000

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Archive: Last Bill Status - In Assembly Committee

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2021-A2453 (ACTIVE) - Details

See Senate Version of this Bill:
S4920
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S4345
2017-2018: A7872, S5725
2019-2020: A7109, S795
2023-2024: S4124
2025-2026: S5579

2021-A2453 (ACTIVE) - Summary

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2022 and thereafter to $50,000.

2021-A2453 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2453
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 19, 2021
                                ___________
 
 Introduced  by  M.  of  A.  FALL,  STERN,  DICKENS, BUTTENSCHON, REILLY,
   O'DONNELL, CRUZ, ENGLEBRIGHT, GRIFFIN, COLTON, THIELE,  SIMON,  BRABE-
   NEC,  NORRIS,  BLANKENBUSH,  SAYEGH, COOK, WILLIAMS, BARRON, PICHARDO,
   McDONOUGH, NIOU -- Multi-Sponsored by -- M. of A. DE LA ROSA  --  read
   once and referred to the Committee on Governmental Employees

 AN  ACT  to amend the retirement and social security law, in relation to
   increasing the retiree public earnings cap
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision 2 of section 212 of the retirement and social
 security law, as amended by chapter 589 of the laws of 2019, is  amended
 to read as follows:
   2.  The earning limitations for retired persons in positions of public
 service under this section shall be in  accordance  with  the  following
 table:
 
         For the year               Earnings limitation
             1996                         $12,500
             1997                         $13,500
             1998                         $14,500
             1999                         $15,500
             2000                         $17,000
             2001                         $18,500
             2002                         $20,000
             2003                         $25,000
             2004                         $27,500
             2005 and 2006                $27,500
             2007 through 2019            $30,000
             2020 [and thereafter]
             THROUGH 2021                 $35,000
             2022 AND THEREAFTER          $50,000
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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