Assembly Bill A7640

Signed By Governor
2021-2022 Legislative Session

Relates to determination of salary base for members of the city of New York fire department pension fund

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6405 - Signed by Governor


  • 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-A7640 (ACTIVE) - Details

See Senate Version of this Bill:
S6405
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §443, R & SS L
Versions Introduced in 2019-2020 Legislative Session:
A8181, S5585

2021-A7640 (ACTIVE) - Summary

Provides that the salary base for members of the city of New York fire department pension fund whose employment with the fire department of the city of New York commenced on or after July 1, 2000 shall be determined in the same manner as members whose employment commenced prior to such date.

2021-A7640 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7640
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 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, in relation to
   determination of salary base for members of the city of New York  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 443 of the retirement and social  security  law  is
 amended by adding a new subdivision h to read as follows:
   H.  NOTWITHSTANDING ANY GENERAL, SPECIAL OR LOCAL LAW, CHARTER, ADMIN-
 ISTRATIVE CODE, AGREEMENT, RESOLUTION  OR  RULE  OR  REGULATION  TO  THE
 CONTRARY,  THE  SALARY  BASE  FOR  MEMBERS  OF THE CITY OF NEW YORK FIRE
 DEPARTMENT PENSION FUND WHOSE EMPLOYMENT WITH THE FIRE DEPARTMENT OF THE
 CITY OF NEW YORK COMMENCED ON OR AFTER THE FIRST OF JULY,  TWO  THOUSAND
 TO  WHOM  THIS ARTICLE OTHERWISE APPLIES SHALL BE DETERMINED IN THE SAME
 MANNER AS THE SALARY BASE FOR MEMBERS OF  THE  CITY  OF  NEW  YORK  FIRE
 DEPARTMENT PENSION FUND WHOSE EMPLOYMENT WITH THE FIRE DEPARTMENT OF THE
 CITY OF NEW YORK COMMENCED BEFORE THE FIRST OF JULY, TWO THOUSAND.
   § 2. This act shall take effect immediately and shall apply to members
 of  the  city of New York fire department pension fund who retire on and
 after such effective date.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   SUMMARY OF BILL: This proposed legislation would amend Section 443  of
 the  Retirement and Social Security Law (RSSL) to change the salary base
 for Tier 2 members of the New York City Fire Pension Fund (FIRE) who are
 hired on or after July 1, 2000 to a salary base used  for  such  members
 who joined prior to July 1, 2000.
   Effective Date: Upon enactment.
   IMPACT ON BENEFITS: Currently, Tier 2 FIRE plan benefits are primarily
 derived  from a salary base. For Tier 2 FIRE members hired prior to July

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06259-02-1
              

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