senate Bill S5559

2021-2022 Legislative Session

Relates to enabling public employers to offer certain temporary retirement incentives 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 11, 2021 referred to civil service and pensions

Co-Sponsors

S5559 (ACTIVE) - Details

See Assembly Version of this Bill:
A5884
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement
Versions Introduced in 2019-2020 Legislative Session:
S8801, A10897

S5559 (ACTIVE) - Summary

Enables public employers to offer an age fifty-five with ten years of service or age fifty with twenty-five years of service temporary retirement incentives for certain public employees.

S5559 (ACTIVE) - Sponsor Memo

S5559 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5559
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 11, 2021
                                ___________
 
 Introduced  by  Sens. GRIFFO, BORRELLO, SERINO -- read twice and ordered
   printed, and when printed to be committed to the  Committee  on  Civil
   Service and Pensions
 
 AN  ACT in relation to enabling public employers to offer certain tempo-
   rary retirement incentives for certain public employees

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Legislative  findings. The legislature finds and declares
 that the state is experiencing economic difficulties  and  in  order  to
 avoid  layoffs of public employees, a retirement incentive is necessary.
 However, nothing in this act shall be construed to create an expectation
 of a future or continuing retirement benefit for any public employee who
 is not eligible to receive and qualify for the  retirement  benefits  in
 this act during the applicable time periods.
   §  2. Definitions. For purposes of this act, the following terms shall
 have the following meanings:
   (a) "Retirement system" means the New York state and local  employees'
 retirement  system,  the New York state teachers' retirement system, the
 New York city teachers' retirement system, the New York  city  board  of
 education  retirement  system or the New York city employees' retirement
 system, exclusive  of  the  retirement  plans  established  pursuant  to
 sections 13-156 and 13-157 of the administrative code of the city of New
 York.
   (b) "State employer" means:
   (1) the executive branch of the state;
   (2)  the  state-operated  institutions  of the state university of New
 York;
   (3) the statutory and contract colleges operated pursuant  to  section
 357 of the education law;
   (4) the state university construction fund (hereinafter referred to in
 this act as the "fund");
   (5)  a  cooperative  extension association (hereinafter referred to in
 this act as the "association");
 

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