Assembly Bill A6988

2021-2022 Legislative Session

Relates to member contribution per centum increases

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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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2021-A6988 (ACTIVE) - Details

See Senate Version of this Bill:
S4236
Current Committee:
Assembly Governmental Employees
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:
2019-2020: A7249, S5842
2023-2024: A5209, S3614

2021-A6988 (ACTIVE) - Summary

Increases the salary ranges tied to member contribution requirements by three percent annually.

2021-A6988 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6988
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 19, 2021
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on Governmental Employees
 
 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-TWO,  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-
 TWO,  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-
 TWO,  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-TWO, 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.
                                                            LBD03552-02-1
              

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