Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 02, 2021 |
signed chap.376 |
Jul 21, 2021 |
delivered to governor |
Jun 07, 2021 |
returned to senate passed assembly ordered to third reading rules cal.464 substituted for a7182 |
Jun 02, 2021 |
referred to ways and means delivered to assembly passed senate |
Jun 01, 2021 |
ordered to third reading cal.1400 committee discharged and committed to rules |
May 18, 2021 |
reported and committed to finance |
May 10, 2021 |
referred to civil service and pensions |
Senate Bill S6618
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D) 26th Senate District
Archive: Last Bill Status - 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
Actions
Votes
2021-S6618 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7182
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§448, 508 & 606, R & SS L
2021-S6618 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6618 SPONSOR: GOUNARDES TITLE OF BILL: An act to amend the retirement and social security law, in relation to the death benefit provided in the third year following retirement for certain members of the New York state teachers' retirement system PURPOSE OF THE BILL: This bill amends Retirement and Social Security Law Sections 448, 508 and 606 to provide a ten per centum death benefit for those who die upon the completion of the third year of retirement in cases when a member joins a New York State Teachers' Retirement System {"NYSTRS") after age 60. This amendment removes the age 60 qualifier, providing the death benefit for a retiree of the NYSTRS to not be reduced below the ten per centum of the benefit in force at the time of retirement, regardless of age. SUMMARY AND JUSTIFICATION:
2021-S6618 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6618 2021-2022 Regular Sessions I N S E N A T E May 10, 2021 ___________ Introduced by Sen. GOUNARDES -- (at request of the New York State Teach- ers' Retirement System) -- 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 the death benefit provided in the third year following retirement for certain members of the New York state teachers' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The closing paragraph of paragraph 2 of subdivision a of section 448 of the retirement and social security law, as amended by chapter 513 of the laws of 2010, is amended to read as follows: In the case of a member of the New York state teachers' retirement system, commencing upon attainment of age sixty-one, the benefit other- wise provided pursuant to this paragraph shall be reduced while the member is in service to ninety-six per centum of the benefit otherwise payable and each year thereafter the benefit payable shall be reduced by an amount equal to four per centum per year of the original benefit otherwise payable, but not below sixty per centum of the original bene- fit otherwise payable. In the case of a member of the New York city employees' retirement system, the New York city board of education retirement system or the New York city teachers' retirement system, commencing upon attainment of age sixty-one, the benefit otherwise provided pursuant to this paragraph shall be reduced while the member is in service to ninety-five per centum of the benefit otherwise payable and each year thereafter the benefit payable shall be reduced by an amount equal to five per centum per year of the original benefit other- wise payable, but not below fifty per centum of the original benefit otherwise payable. In the case of any member of the New York state and local employees' retirement system who is permitted to retire without regard to age or a member of the New York state and local police and fire retirement system, commencing upon attainment of age sixty-one, the EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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