Senate Bill S2861

2021-2022 Legislative Session

Relates to establishing a variable supplements fund for sanitation members of the New York city employees' retirement system

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Civil Service And Pensions 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-S2861 (ACTIVE) - Details

See Assembly Version of this Bill:
A5429
Current Committee:
Senate Civil Service And Pensions
Law Section:
New York City Administrative Code
Laws Affected:
Amd §§13-101 & 13-133, add §§13-197 & 13-198, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2019-2020: S6129
2023-2024: S5493, A3761

2021-S2861 (ACTIVE) - Summary

Relates to establishing a variable supplements fund for sanitation members of the New York city employees' retirement system; creates a board to manage such fund and to make payments.

2021-S2861 (ACTIVE) - Sponsor Memo

2021-S2861 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2861
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 26, 2021
                                ___________
 
 Introduced by Sens. GOUNARDES, KAMINSKY -- read twice and ordered print-
   ed, and when printed to be committed to the Committee on Civil Service
   and Pensions
 
 AN  ACT  to  amend  the  administrative code of the city of New York, in
   relation to establishing a variable supplements  fund  for  sanitation
   members of the New York city employees' retirement system
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 13-101 of the administrative code of  the  city  of
 New York is amended by adding a new subdivision 97 to read as follows:
   97.  "SANITATION  VARIABLE  SUPPLEMENTS FUND." THE SANITATION VARIABLE
 SUPPLEMENTS FUND ESTABLISHED BY SECTION 13-197 OF THIS CHAPTER.
   § 2. The administrative code of the city of New  York  is  amended  by
 adding a new section 13-197 to read as follows:
   §  13-197  SANITATION  VARIABLE  SUPPLEMENTS  FUND. 1. AS USED IN THIS
 SECTION, THE FOLLOWING WORDS AND PHRASES SHALL HAVE THE FOLLOWING  MEAN-
 INGS, UNLESS A DIFFERENT MEANING IS PLAINLY REQUIRED BY THE CONTEXT:
   (A)  "ASSOCIATION".  THE UNIFORMED SANITATIONMEN'S ASSOCIATION AND THE
 SANITATION OFFICERS' ASSOCIATION.
   (B) "VARIABLE SUPPLEMENTS BOARD". THE BOARD OF TRUSTEES  PROVIDED  FOR
 IN SUBDIVISION THREE OF THIS SECTION.
   (C)  "BENEFICIARY". ANY PERSON WHO (1) RECEIVES A RETIREMENT ALLOWANCE
 BY REASON OF HAVING RETIRED FROM SERVICE AS A SANITATION MEMBER, OR  (2)
 RECEIVES A BENEFIT BY REASON OF ELECTION OF AN OPTION BY SUCH SANITATION
 MEMBER.
   (D)  "VARIABLE SUPPLEMENT". ANY SUM AUTHORIZED TO BE PAID TO A BENEFI-
 CIARY BY THE VARIABLE SUPPLEMENTS BOARD PURSUANT TO  THE  PROVISIONS  OF
 THIS SECTION.
   2.  (A) THERE IS HEREBY ESTABLISHED A FUND, TO BE KNOWN AS THE SANITA-
 TION VARIABLE SUPPLEMENTS FUND. SUCH FUND SHALL CONSIST OF  SUCH  MONIES
 AS  MAY  BE  PAID  THERETO  FROM  THE  RETIREMENT SYSTEM PURSUANT TO THE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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