senate Bill S4170

2021-2022 Legislative Session

Authorizes certain public employers to offer temporary retirement incentives; provides an age 55/25 years temporary retirement incentive for certain public employees

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

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to civil service and pensions
Feb 02, 2021 referred to civil service and pensions

Co-Sponsors

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S4170 (ACTIVE) - Details

See Assembly Version of this Bill:
A4548
Current Committee:
Senate Civil Service And Pensions
Law Section:
Civil Service
Versions Introduced in 2019-2020 Legislative Session:
S9041

S4170 (ACTIVE) - Summary

Authorizes certain public employers to offer temporary retirement incentives (Part A); provides an age 55/25 years temporary retirement incentive for certain public employees (Part B).

S4170 (ACTIVE) - Sponsor Memo

S4170 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4170
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 2, 2021
                                ___________
 
 Introduced by Sens. GOUNARDES, BAILEY, BENJAMIN, JACKSON, PARKER, RAMOS,
   SAVINO  --  read  twice  and  ordered  printed, and when printed to be
   committed to the Committee on Civil Service and Pensions
 
 AN ACT to authorize employers to provide a temporary  retirement  incen-
   tive  for  certain  public employees in the city of New York (Part A);
   and to provide an age 55/25 years temporary retirement  incentive  for
   certain public employees in the city of New York (Part B)
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act enacts into law  components  of  legislation  that
 would enable the city of New York to offer a temporary retirement incen-
 tive to their employees, as well as to provide an age 55/25 years tempo-
 rary  incentive  for  certain public employees. Each component is wholly
 contained within a Part identified as Parts A and B. The effective  date
 for each particular provision contained within such Part is set forth in
 the  last  section  of such Part. Any provision in any section contained
 within a Part, including the effective date of  the  Part,  which  makes
 reference  to a section "of this act", when used in connection with that
 particular component, shall be deemed to mean and refer  to  the  corre-
 sponding  section  of the Part in which it is found, unless noted other-
 wise.
   § 2. Legislative findings. The legislature finds and declares that the
 retirement benefits provided for in this act  are  designed  to  achieve
 cost-savings for public employers and to avoid layoffs of public employ-
 ees  in  this  time  of fiscal need. Therefore, the retirement incentive
 benefit provided for in Part A of this  act  and  the  age  55/25  years
 retirement  benefit provided for in Part B of this act are intended only
 to be temporary in nature for employees who are eligible to receive  and
 qualify  for  the  applicable benefit during the applicable time periods
 specified within each Part.  Further,  nothing  in  this  act  shall  be
 construed  to create an expectation of a future or continuing retirement
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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