senate Bill S6618

Signed By Governor
2021-2022 Legislative Session

Relates to the death benefit provided in the third year following retirement for certain members of the New York state teachers' retirement system

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (13)
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

Votes

view votes

Jun 1, 2021 - Rules committee Vote

S6618
19
0
committee
19
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

May 18, 2021 - Civil Service and Pensions committee Vote

S6618
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Civil Service and Pensions committee vote details

Civil Service and Pensions Committee Vote: May 18, 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

S6618 (ACTIVE) - Summary

Relates to the death benefit provided in the third year following retirement for certain members of the New York state teachers' retirement system.

S6618 (ACTIVE) - Sponsor Memo

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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