Assembly Bill A7332

2023-2024 Legislative Session

Relates to the tier of members of a retirement system who retire from such system and later rejoin such retirement system

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • 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

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2023-A7332 (ACTIVE) - Details

See Senate Version of this Bill:
S8450
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§440, 500 & 600, R & SS L

2023-A7332 (ACTIVE) - Summary

Provides that members of a retirement systems who retire from such system and later rejoin the retirement system are reinstated as a member of the same tier they were in prior to retirement.

2023-A7332 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7332
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               May 17, 2023
                                ___________
 
 Introduced  by  M.  of A. BICHOTTE HERMELYN -- read once and referred to
   the Committee on Governmental Employees
 
 AN ACT to amend the retirement and social security law, in  relation  to
   providing  that  members  of  a retirement system who retire from such
   system and later rejoin the retirement  system  are  reinstated  as  a
   member of the same tier they were in prior to retirement
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 440 of the retirement and social  security  law  is
 amended by adding a new subdivision f to read as follows:
   F.  THE  PROVISIONS  OF  THIS SUBDIVISION APPLY TO MEMBERS OF A PUBLIC
 RETIREMENT SYSTEM OF THE STATE OR  OF  A  MUNICIPALITY  THEREOF  AND  TO
 EMPLOYEES  WHO WOULD HAVE BEEN ELIGIBLE TO JOIN SUCH A RETIREMENT SYSTEM
 BUT IN LIEU THEREOF ELECTED AN OPTIONAL RETIREMENT PROGRAM TO WHICH  HIS
 OR  HER  EMPLOYER WAS REQUIRED TO CONTRIBUTE. ANY MEMBER OR EMPLOYEE WHO
 RETIRED FROM HIS OR HER RETIREMENT SYSTEM ON OR AFTER  DECEMBER  THIRTY-
 FIRST,  TWO  THOUSAND  NINE  AND WHO SUBSEQUENTLY REJOINS THE RETIREMENT
 SYSTEM OR PROGRAM HE OR SHE RETIRED FROM SHALL  BE  REINSTATED  IN  SUCH
 RETIREMENT SYSTEM AS A MEMBER OF THE TIER HE OR SHE ORIGINALLY WAS IN.
   §  2. Section 500 of the retirement and social security law is amended
 by adding a new subdivision h to read as follows:
   H. THE PROVISIONS OF THIS SUBDIVISION APPLY TO  MEMBERS  OF  A  PUBLIC
 RETIREMENT  SYSTEM  OF  THE  STATE  OR  OF A MUNICIPALITY THEREOF AND TO
 EMPLOYEES WHO WOULD HAVE BEEN ELIGIBLE TO JOIN SUCH A RETIREMENT  SYSTEM
 BUT  IN LIEU THEREOF ELECTED AN OPTIONAL RETIREMENT PROGRAM TO WHICH HIS
 OR HER EMPLOYER WAS REQUIRED TO CONTRIBUTE. ANY MEMBER OR  EMPLOYEE  WHO
 RETIRED  FROM  HIS OR HER RETIREMENT SYSTEM ON OR AFTER DECEMBER THIRTY-
 FIRST, TWO THOUSAND NINE AND WHO  SUBSEQUENTLY  REJOINS  THE  RETIREMENT
 SYSTEM  OR  PROGRAM  HE  OR SHE RETIRED FROM SHALL BE REINSTATED IN SUCH
 RETIREMENT SYSTEM AS A MEMBER OF THE TIER HE OR SHE ORIGINALLY WAS IN.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10225-01-3
 A. 7332                             2

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