Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 22, 2022 |
print number 5437a |
Mar 22, 2022 |
amend and recommit to civil service and pensions |
Jan 05, 2022 |
referred to civil service and pensions |
Mar 05, 2021 |
referred to civil service and pensions |
Senate Bill S5437A
2021-2022 Legislative Session
Sponsored By
(D) Senate District
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
Actions
Bill Amendments
2021-S5437 - Details
- See Assembly Version of this Bill:
- A6860
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §1000, R & SS L
- Versions Introduced in 2019-2020 Legislative Session:
-
S8349
2021-S5437 - Summary
Provides that a member who first joins a public retirement system of the state on or after April first, two thousand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and three percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit; reduces such amount from six percent to three percent.
2021-S5437 - Sponsor Memo
BILL NUMBER: S5437 SPONSOR: BROOKS TITLE OF BILL: An act to amend the retirement and social security law, in relation to certain honorably discharged veterans PURPOSE: Decreases the deposit a military member must pay to the state's retire- ment system for calculation of benefits. SUMMARY OF PROVISIONS: Section 1. amends subdivision 9 of section 1000 of the retirement and social security law by changing the formula to calculate an honorably discharged veterans' retirement benefits to be the product of years of military service and 3% of pay the year prior to application. Section 2. is the enacting clause.
2021-S5437 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5437 2021-2022 Regular Sessions I N S E N A T E March 5, 2021 ___________ Introduced by Sen. BROOKS -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions AN ACT to amend the retirement and social security law, in relation to certain honorably discharged veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 9 of section 1000 of the retirement and social security law, as amended by chapter 41 of the laws of 2016, is amended to read as follows: 9. Anything to the contrary in subdivision three of this section notwithstanding, to obtain such credit, a member who first joins a public retirement system of the state on or after April first, two thou- sand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and [six] THREE percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit pursuant to this section. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would decrease the amount of payment required for Tier 6 members who are obtaining military service credit pursuant to Section 1000 of the Retirement and Social Security Law. Under current law, a Tier 6 member must pay a sum equal to the product of the number of years of military service being claimed and six percent of such member's compensation earned during the twelve months of credited service imme- diately preceding the date that the member made application for credit. This legislation would require such members to pay only three percent of compensation per year of service being claimed. If this bill is enacted, insofar as this proposal affects the New York State and Local Employees' Retirement System (ERS), it is estimated that EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2021-S5437A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6860
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §1000, R & SS L
- Versions Introduced in 2019-2020 Legislative Session:
-
S8349
2021-S5437A (ACTIVE) - Summary
Provides that a member who first joins a public retirement system of the state on or after April first, two thousand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and three percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit; reduces such amount from six percent to three percent.
2021-S5437A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5437A SPONSOR: BROOKS TITLE OF BILL: An act to amend the retirement and social security law, in relation to certain honorably discharged veterans PURPOSE: The purpose of this legislation is to direct the Department of Labor to create a standardized workplace posting that includes basic information about veterans' benefits and services. Employers shall be required to display this posting in an area accessible to employees. SUMMARY OF PROVISIONS: Section 1. amends the labor law by adding a new section 201-h to direct the Department of Labor to consult with the Division of Veterans' Services to create and distribute a veterans' benefits and services poster.
2021-S5437A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5437--A 2021-2022 Regular Sessions I N S E N A T E March 5, 2021 ___________ Introduced by Sen. BROOKS -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- recommitted to the Committee on Civil Service and Pensions in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the retirement and social security law, in relation to certain honorably discharged veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 9 of section 1000 of the retirement and social security law, as amended by chapter 41 of the laws of 2016, is amended to read as follows: 9. Anything to the contrary in subdivision three of this section notwithstanding, to obtain such credit, a member who first joins a public retirement system of the state on or after April first, two thou- sand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and [six] THREE percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit pursuant to this section. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would decrease the amount of payment required for Tier 6 members who are obtaining military service credit pursuant to Section 1000 of the Retirement and Social Security Law. Under current law, a Tier 6 member must pay a sum equal to the product of the number of years of military service being claimed and six percent of such member's compensation earned during the twelve months of credited service imme- diately preceding the date that the member made application for credit. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03686-03-2
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