senate Bill S6060C

2021-2022 Legislative Session

Provides cost-of-living adjustments for certain public retirees

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 (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 06, 2022 print number 6060c
Jan 06, 2022 amend and recommit to civil service and pensions
Jan 05, 2022 referred to civil service and pensions
Jul 02, 2021 print number 6060b
Jul 02, 2021 amend and recommit to civil service and pensions
May 19, 2021 print number 6060a
May 19, 2021 amend and recommit to civil service and pensions
Apr 01, 2021 referred to civil service and pensions

S6060 - Details

See Assembly Version of this Bill:
A9994
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

S6060 - Summary

Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.

S6060 - Sponsor Memo

S6060 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6060
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 1, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- 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, the education
   law and the administrative code of the city of New York,  in  relation
   to providing cost-of-living adjustments

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision f of section 78-a of the retirement and  social
 security law, as added by chapter 125 of the laws of 2000, is amended to
 read as follows:
   f.  Commencing  September first, two thousand, all retired members who
 have retired prior to the calendar year  nineteen  hundred  ninety-seven
 and who meet the eligibility criteria set forth in subdivision a of this
 section shall be paid an adjusted benefit in monthly installments on the
 basis  provided  for in this subdivision. Said adjusted benefit shall be
 equal to a percentage of the change in consumer price index  (all  urban
 consumers,  CPI-U, U.S. city average, all items, 1982-84=100), published
 by the United States bureau of labor statistics, measured from the  year
 of  retirement  through  calendar  year  nineteen  hundred  ninety-seven
 according to the following schedule:
 
       Year of retirement                     Percentage
       1968 through 1996                      50%
       1966 and 1967                          55%
       1965                                   60%
       1964                                   65%
       1963                                   70%
       1962                                   80%
       1961                                   90%
       prior to 1961                          100%
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10513-02-1

S6060A - Details

See Assembly Version of this Bill:
A9994
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

S6060A - Summary

Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.

S6060A - Sponsor Memo

S6060A - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6060--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 1, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
 AN ACT to amend the retirement and social security  law,  the  education
   law  and  the administrative code of the city of New York, in relation
   to providing cost-of-living adjustments
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision f of section 78-a of the retirement and social
 security law, as added by chapter 125 of the laws of 2000, is amended to
 read as follows:
   f. Commencing September first, two thousand, all retired  members  who
 have  retired  prior  to the calendar year nineteen hundred ninety-seven
 and who meet the eligibility criteria set forth in subdivision a of this
 section shall be paid an adjusted benefit in monthly installments on the
 basis provided for in this subdivision. Said adjusted benefit  shall  be
 equal  to  a percentage of the change in consumer price index (all urban
 consumers, CPI-U, U.S. city average, all items, 1982-84=100),  published
 by  the United States bureau of labor statistics, measured from the year
 of  retirement  through  calendar  year  nineteen  hundred  ninety-seven
 according to the following schedule:
 
       Year of retirement                     Percentage
       1968 through 1996                      50%
       1966 and 1967                          55%
       1965                                   60%
       1964                                   65%
       1963                                   70%
       1962                                   80%
       1961                                   90%
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

S6060B - Details

See Assembly Version of this Bill:
A9994
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

S6060B - Summary

Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.

S6060B - Sponsor Memo

S6060B - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6060--B
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 1, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted  to  said  committee  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee
 
 AN ACT to amend the retirement and social security  law,  the  education
   law  and  the administrative code of the city of New York, in relation
   to providing cost-of-living adjustments
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision f of section 78-a of the retirement and social
 security law, as added by chapter 125 of the laws of 2000, is amended to
 read as follows:
   f. Commencing September first, two thousand, all retired  members  who
 have  retired  prior  to the calendar year nineteen hundred ninety-seven
 and who meet the eligibility criteria set forth in subdivision a of this
 section shall be paid an adjusted benefit in monthly installments on the
 basis provided for in this subdivision. Said adjusted benefit  shall  be
 equal  to  a percentage of the change in consumer price index (all urban
 consumers, CPI-U, U.S. city average, all items, 1982-84=100),  published
 by  the United States bureau of labor statistics, measured from the year
 of  retirement  through  calendar  year  nineteen  hundred  ninety-seven
 according to the following schedule:
 
       Year of retirement                     Percentage
       1968 through 1996                      50%
       1966 and 1967                          55%
       1965                                   60%
       1964                                   65%
       1963                                   70%
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

Co-Sponsors

S6060C (ACTIVE) - Details

See Assembly Version of this Bill:
A9994
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§78-a & 378-a, R & SS L; amd §532-a, Ed L; amd §13-696, NYC Ad Cd

S6060C (ACTIVE) - Summary

Provides cost-of-living adjustments for certain public retirees, including an adjusted benefit in monthly installments that is equal to the percentage of the change in consumer price index according to the included schedule.

S6060C (ACTIVE) - Sponsor Memo

S6060C (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6060--C
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               April 1, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- read twice and ordered printed, and when
   printed to be committed to the Committee on Civil Service and Pensions
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted  to  said  committee  --  committee  discharged,  bill
   amended,  ordered reprinted as amended and recommitted to said commit-
   tee -- 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, the education
   law and the administrative code of the city of New York,  in  relation
   to providing cost-of-living adjustments
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision f of section 78-a of the retirement and  social
 security law, as added by chapter 125 of the laws of 2000, is amended to
 read as follows:
   f.  Commencing  September first, two thousand, all retired members who
 have retired prior to the calendar year  nineteen  hundred  ninety-seven
 and who meet the eligibility criteria set forth in subdivision a of this
 section shall be paid an adjusted benefit in monthly installments on the
 basis  provided  for in this subdivision. Said adjusted benefit shall be
 equal to a percentage of the change in consumer price index  (all  urban
 consumers,  CPI-U, U.S. city average, all items, 1982-84=100), published
 by the United States bureau of labor statistics, measured from the  year
 of  retirement  through  calendar  year  nineteen  hundred  ninety-seven
 according to the following schedule:
 
       Year of retirement                     Percentage
       1968 through 1996                      50%
       1966 and 1967                          55%
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10513-08-1

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