Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 06, 2024 |
reported and committed to finance |
Jan 25, 2024 |
print number 5793a |
Jan 25, 2024 |
amend and recommit to civil service and pensions |
Jan 03, 2024 |
referred to civil service and pensions |
Apr 17, 2023 |
reported and committed to finance |
Mar 16, 2023 |
referred to civil service and pensions |
Senate Bill S5793A
2023-2024 Legislative Session
Sponsored By
(D, WF) 31st Senate District
Current Bill Status - In Senate Committee Finance 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
Actions
Votes
Bill Amendments
co-Sponsors
(D, WF) 17th Senate District
2023-S5793 - Details
- See Assembly Version of this Bill:
- A5374
- Current Committee:
- Senate Finance
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§505, 511 & 516, R & SS L
- Versions Introduced in 2021-2022 Legislative Session:
-
S6371, A6955
2023-S5793 - Sponsor Memo
BILL NUMBER: S5793 SPONSOR: JACKSON TITLE OF BILL: An act to amend the retirement and social security law, in relation to service retirement benefits for uniformed sanitation members of the New York city employees' retirement system PURPOSE: To remove a statutory reduction totaling 50% of the primary social secu- rity benefit imposed on the early service, normal service, and vested retirement benefits for Tier 3 sanitation members of the New York City Employees Retirement System (NYCERS). SUMMARY OF PROVISIONS: Section 1 amends Section 505 of the Retirement and Social Security Law to remove the Social Security offset for the normal service and early service benefit of Tier 3 sanitations members.
2023-S5793 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5793 2023-2024 Regular Sessions I N S E N A T E March 16, 2023 ___________ Introduced by Sen. JACKSON -- 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 service retirement benefits for uniformed sanitation members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 505 of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: § 505. Service retirement benefits; police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members. a. The normal service retirement benefit for police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members at normal retirement age shall be a pension equal to fifty percent of final aver- age salary, less fifty percent of the primary social security retirement benefit commencing at age sixty-two, as provided in section five hundred eleven of this article, EXCEPT THAT FOR NEW YORK CITY UNIFORMED SANITA- TION REVISED PLAN MEMBERS OF THE NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM, THE NORMAL SERVICE RETIREMENT BENEFIT SHALL NOT BE REDUCED BY THE PRIMARY SOCIAL SECURITY RETIREMENT BENEFIT COMMENCING AT AGE SIXTY- TWO AS PROVIDED IN SECTION FIVE HUNDRED ELEVEN OF THIS ARTICLE. b. The early service retirement benefit for police/fire members, New York city uniformed sanitation revised plan members and investigator revised plan members shall be a pension equal to two and one-tenths percent of final average salary times years of credited service at the completion of twenty years of service or upon attainment of age sixty- two, increased by one-third of one percent of final average salary for each month of service in excess of twenty years, but not in excess of fifty percent of final average salary, less fifty percent of the primary EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06943-02-3
co-Sponsors
(D, WF) 17th Senate District
2023-S5793A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A5374
- Current Committee:
- Senate Finance
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§505, 511 & 516, R & SS L
- Versions Introduced in 2021-2022 Legislative Session:
-
S6371, A6955
2023-S5793A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5793A SPONSOR: JACKSON TITLE OF BILL: An act to amend the retirement and social security law, in relation to service retirement benefits for uniformed sanitation members of the New York city employees' retirement system PURPOSE: To remove a statutory reduction totaling 50% of the primary social secu- rity benefit imposed on the early service, normal service, and vested retirement benefits for Tier 3 sanitation members of the New York City Employees Retirement System (NYCERS). SUMMARY OF PROVISIONS: Section 1 amends Section 505 of the Retirement and Social Security Law to remove the Social Security offset for the normal service and early service benefit of Tier 3 sanitations members.
2023-S5793A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5793--A 2023-2024 Regular Sessions I N S E N A T E March 16, 2023 ___________ Introduced by Sens. JACKSON, CHU -- read twice and ordered printed, and when printed to be committed to the Committee on Civil Service and Pensions -- 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, in relation to service retirement benefits for uniformed sanitation members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 505 of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: § 505. Service retirement benefits; police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members. a. The normal service retirement benefit for police/fire members, New York city uniformed correction/sanitation revised plan members and investigator revised plan members at normal retirement age shall be a pension equal to fifty percent of final aver- age salary, less fifty percent of the primary social security retirement benefit commencing at age sixty-two, as provided in section five hundred eleven of this article, EXCEPT THAT FOR NEW YORK CITY UNIFORMED SANITA- TION REVISED PLAN MEMBERS OF THE NEW YORK CITY EMPLOYEES' RETIREMENT SYSTEM, THE NORMAL SERVICE RETIREMENT BENEFIT SHALL NOT BE REDUCED BY THE PRIMARY SOCIAL SECURITY RETIREMENT BENEFIT COMMENCING AT AGE SIXTY- TWO AS PROVIDED IN SECTION FIVE HUNDRED ELEVEN OF THIS ARTICLE. b. The early service retirement benefit for police/fire members, New York city uniformed sanitation revised plan members and investigator revised plan members shall be a pension equal to two and one-tenths percent of final average salary times years of credited service at the completion of twenty years of service or upon attainment of age sixty- two, increased by one-third of one percent of final average salary for each month of service in excess of twenty years, but not in excess of
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