Senate Bill S6799

2023-2024 Legislative Session

Provides for cost of living adjustments for certain retirees

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Civil Service And Pensions 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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Bill Amendments

2023-S6799 (ACTIVE) - Details

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

2023-S6799 (ACTIVE) - Summary

Decreases the time period before certain retirees receive a cost of living adjustment to their benefits.

2023-S6799 (ACTIVE) - Sponsor Memo

2023-S6799 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6799
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 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,  the  education
   law  and  the administrative code of the city of New York, in relation
   to cost of living adjustments for certain retirees

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subdivision a 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:
   a. A cost-of-living adjustment shall be payable on the basis  provided
 for  in this section to: (i) all pensioners who have attained age sixty-
 two and have been retired for [five] TWO years; (ii) all pensioners  who
 have attained age fifty-five and have been retired for [ten] FIVE years;
 (iii)  all disability pensioners regardless of age who have been retired
 for [five] TWO years; and (iv) all recipients  of  an  accidental  death
 benefit  regardless  of  age  who  have  been receiving such benefit for
 [five] TWO years.
   § 2. Subdivision a of section 378-a of the retirement and social secu-
 rity law, as added by chapter 125 of the laws of  2000,  is  amended  to
 read as follows:
   a.  A cost-of-living adjustment shall be payable on the basis provided
 for in this section to: (i) all pensioners who have attained age  sixty-
 two  and have been retired for [five] TWO years; (ii) all pensioners who
 have attained age fifty-five and have been retired for [ten] FIVE years;
 and (iii) all disability pensioners regardless  of  age  who  have  been
 retired for [five] TWO years.
   §  3. Subdivision a of section 532-a of the education law, as added by
 chapter 125 of the laws of 2000, is amended to read as follows:
   a. A cost-of-living adjustment shall be payable on the basis  provided
 for  in this section to: (i) all pensioners who have attained age sixty-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01794-05-3
              

2023-S6799A (ACTIVE) - Details

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

2023-S6799A (ACTIVE) - Summary

Decreases the time period before certain retirees receive a cost of living adjustment to their benefits.

2023-S6799A (ACTIVE) - Bill Text download pdf

                            

              

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