Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 08, 2023 |
signed chap.705 |
Nov 29, 2023 |
delivered to governor |
Jun 10, 2023 |
returned to senate passed assembly ordered to third reading rules cal.814 substituted for a5136 |
Jun 10, 2023 |
substituted by s4972 rules report cal.814 reported |
Jun 09, 2023 |
reported referred to rules |
Mar 21, 2023 |
reported referred to ways and means |
Mar 02, 2023 |
referred to governmental employees |
Assembly Bill A5136
Signed By Governor2023-2024 Legislative Session
Sponsored By
PHEFFER AMATO
Current Bill Status Via S4972 - 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
co-Sponsors
Jeffrion Aubry
William Colton
Angelo Santabarbara
Donna Lupardo
2023-A5136 (ACTIVE) - Details
2023-A5136 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5136 2023-2024 Regular Sessions I N A S S E M B L Y March 2, 2023 ___________ Introduced by M. of A. PHEFFER AMATO -- 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06417-02-3
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