Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
returned to assembly passed senate 3rd reading cal.1838 substituted for s8401 |
May 31, 2022 |
referred to finance delivered to senate passed assembly |
May 24, 2022 |
ordered to third reading rules cal.423 rules report cal.423 reported |
May 23, 2022 |
reported referred to rules |
May 17, 2022 |
reported referred to ways and means |
Mar 16, 2022 |
referred to governmental employees |
Assembly Bill A9581
2021-2022 Legislative Session
Sponsored By
ABBATE
Archive: Last Bill Status - Passed Senate & Assembly
- 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
co-Sponsors
Donna Lupardo
William Colton
Thomas Abinanti
Judy Griffin
2021-A9581 (ACTIVE) - Details
2021-A9581 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9581 I N A S S E M B L Y March 16, 2022 ___________ Introduced by M. of A. ABBATE -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to the calculation of final average salary for certain members of the New York state and local police and fire retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 1209 of the retirement and social security law, as added by chapter 18 of the laws of 2012, is amended to read as follows: § 1209. Final average salary. A. For members who first become members of the New York state and local police and fire retirement system on or after April first, two thousand twelve, a member's final average salary shall be equal to one-fifth of the highest total wages earned by such member during any continuous period of employment for which the member was credited with five years of service credit; provided, however, if the wages earned during any year of credited service included in the period used to determine final average salary exceeds the average of the wages of the previous four years of credited service by more than ten percent, the amount in excess of ten percent shall be excluded from the computation of final average salary. Wages in excess of the annual sala- ry paid to the governor pursuant to section three of article four of the state constitution shall be excluded from the computation of final aver- age salary for members who first become members of the New York state and local police and fire retirement system on or after April first, two thousand twelve. B. NOTWITHSTANDING SUBDIVISION A OF THIS SECTION, MEMBERS WHO FIRST BECOME MEMBERS OF THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIRE- MENT SYSTEM ON OR AFTER APRIL FIRST, TWO THOUSAND TWELVE, AND WHO RETIRE FROM AN EMPLOYER WHICH, PRIOR TO APRIL FIRST, TWO THOUSAND TWELVE, ELECTED BY THE ADOPTION, FILING AND APPROVAL OF A RESOLUTION IN THE MANNER PROVIDED BY SECTION THREE HUNDRED THIRTY OF THIS CHAPTER TO PROVIDE THAT FINAL AVERAGE SALARY SHALL MEAN THE REGULAR COMPENSATION EARNED FROM SUCH PARTICIPATING EMPLOYER BY A MEMBER DURING THE TWELVE MONTHS OF ACTUAL SERVICE IMMEDIATELY PRECEDING THE DATE OF SUCH MEMBER'S EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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