Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 12, 2024 |
print number 6508b |
Mar 12, 2024 |
amend (t) and recommit to governmental employees |
Jan 18, 2024 |
print number 6508a |
Jan 18, 2024 |
amend and recommit to governmental employees |
Jan 03, 2024 |
referred to governmental employees |
Apr 12, 2023 |
referred to governmental employees |
Assembly Bill A6508B
2023-2024 Legislative Session
Sponsored By
PHEFFER AMATO
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
Actions
Bill Amendments
2023-A6508 - Details
- See Senate Version of this Bill:
- S6141
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§89-f & 604, R & SS L
2023-A6508 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6508 2023-2024 Regular Sessions I N A S S E M B L Y April 12, 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 providing additional benefits for certain retirement system members with credited service in excess of twenty-five years THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions c and g of section 89-f of the retirement and social security law, as added by chapter 591 of the laws of 1988, such section as renumbered by chapter 771 of the laws of 1988, and subdivi- sion g as relettered by chapter 543 of the laws of 1992, are amended to read as follows: c. Upon completion of twenty-five years of such service and upon retirement, each such member shall receive a pension which, together with an annuity which shall be the actuarial equivalent of [his] SUCH MEMBER'S accumulated contributions at the time of [his] SUCH MEMBER'S retirement and an additional pension which is the actuarial equivalent of the reserved-for-increased-take-home-pay to which [he] SUCH MEMBER may then be entitled shall be sufficient to provide him with a retire- ment allowance equal to one-half of [his] SUCH MEMBER'S final average salary, PROVIDED HOWEVER THAT A MEMBER WITH CREDITED SERVICE IN EXCESS OF TWENTY-FIVE YEARS SHALL RECEIVE AN ADDITIONAL RETIREMENT ALLOWANCE EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVERAGE SALARY FOR EACH YEAR OF CREDITABLE SERVICE IN EXCESS OF TWENTY-FIVE YEARS BUT NOT IN EXCESS OF THIRTY YEARS. g. A member contributing on the basis of this section at the time of retirement, [shall] MAY retire after the completion of twenty-five years of total creditable service. Application therefor may be filed in a manner similar to that provided in section seventy of this article. Upon completion of AT LEAST twenty-five years of such service and upon retirement, each such member shall receive a pension which, together EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10296-02-3
2023-A6508A - Details
- See Senate Version of this Bill:
- S6141
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§89-f & 604, R & SS L
2023-A6508A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6508--A 2023-2024 Regular Sessions I N A S S E M B L Y April 12, 2023 ___________ Introduced by M. of A. PHEFFER AMATO -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the retirement and social security law, in relation to providing additional benefits for certain retirement system members with credited service in excess of twenty-five years THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions c and g of section 89-f of the retirement and social security law, as added by chapter 591 of the laws of 1988, such section as renumbered by chapter 771 of the laws of 1988, and subdivi- sion g as relettered by chapter 543 of the laws of 1992, are amended to read as follows: c. Upon completion of twenty-five years of such service and upon retirement, each such member shall receive a pension which, together with an annuity which shall be the actuarial equivalent of [his] SUCH MEMBER'S accumulated contributions at the time of [his] SUCH MEMBER'S retirement and an additional pension which is the actuarial equivalent of the reserved-for-increased-take-home-pay to which [he] SUCH MEMBER may then be entitled shall be sufficient to provide [him] SUCH MEMBER with a retirement allowance equal to one-half of [his] SUCH MEMBER'S final average salary, PROVIDED HOWEVER THAT A MEMBER WITH CREDITED SERVICE IN EXCESS OF TWENTY-FIVE YEARS SHALL RECEIVE AN ADDITIONAL RETIREMENT ALLOWANCE EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVER- AGE SALARY FOR EACH YEAR OF CREDITABLE SERVICE IN EXCESS OF TWENTY-FIVE YEARS BUT NOT IN EXCESS OF THIRTY YEARS. g. A member contributing on the basis of this section at the time of retirement, [shall] MAY retire after the completion of twenty-five years of total creditable service. Application therefor may be filed in a EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10296-03-4
co-Sponsors
Steve Stern
2023-A6508B (ACTIVE) - Details
- See Senate Version of this Bill:
- S6141
- Current Committee:
- Assembly Governmental Employees
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§89-f & 604, R & SS L
2023-A6508B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6508--B 2023-2024 Regular Sessions I N A S S E M B L Y April 12, 2023 ___________ Introduced by M. of A. PHEFFER AMATO -- read once and referred to the Committee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the retirement and social security law, in relation to the retirement of county correction officers in Suffolk county THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivisions c, g and h of section 89-f of the retirement and social security law, as added by chapter 591 of the laws of 1988, and such section as renumbered by chapter 771 of the laws of 1988, subdivisions g and h as relettered by chapter 543 of the laws of 1992, are amended to read as follows: c. (1) Upon completion of twenty-five years of such service and upon retirement, each such member shall receive a pension which, together with an annuity which shall be the actuarial equivalent of [his] SUCH MEMBER'S accumulated contributions at the time of [his] SUCH MEMBER'S retirement and an additional pension which is the actuarial equivalent of the reserved-for-increased-take-home-pay to which [he] SUCH MEMBER may then be entitled shall be sufficient to provide [him] SUCH MEMBER with a retirement allowance equal to one-half of [his] SUCH MEMBER'S final average salary. (2) UPON COMPLETION OF THIRTY YEARS OF SUCH SERVICE AND UPON RETIRE- MENT, EACH SUCH MEMBER SHALL RECEIVE A PENSION WHICH, TOGETHER WITH AN ANNUITY WHICH SHALL BE THE ACTUARIAL EQUIVALENT OF SUCH MEMBER'S ACCUMU- LATED CONTRIBUTIONS AT THE TIME OF SUCH MEMBER'S RETIREMENT AND AN ADDI- TIONAL PENSION WHICH IS THE ACTUARIAL EQUIVALENT OF THE RESERVED-FOR-IN- CREASED-TAKE-HOME-PAY TO WHICH SUCH MEMBER MAY THEN BE ENTITLED SHALL BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10296-14-4
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