Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 09, 2023 | reported and committed to finance |
Mar 31, 2023 | referred to civil service and pensions |
senate Bill S6159
Sponsored By
Robert Jackson
(D, WF) 31st Senate District
Current Bill Status - In Senate Committee Finance Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
Your Voice
Actions
Votes
S6159 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7257
- Current Committee:
- Senate Finance
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§89-g & 604, R & SS L
S6159 (ACTIVE) - Summary
Modifies the retirement benefits for certain county correction officers, uniformed correction division personnel, sheriffs, deputy sheriffs and undersheriffs in Nassau county to provide an additional retirement allowance for each year of creditable service in excess of twenty-five years but not in excess of thirty years.
S6159 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6159 SPONSOR: JACKSON TITLE OF BILL: An act to amend the retirement and social security law, in relation to retirement of county correction officers, uniformed correction division personnel, sheriffs, deputy sheriffs and undersheriffs in Nassau county PURPOSE: This hill provides additional retirement benefits for Nassau County correction officers of 1/60th their final average salary each year of creditable service after 25 years of service but not in excess of 30 years of service. SUMMARY OF PROVISIONS: Section 1 amends subdivisions c and g of Section 89-G of the Retirement and Social Security Law to provide additional retirement benefits for Nassau County correction officers equal to 1/60th of their final average salary each year of creditable service after 25 years of service but not
S6159 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6159 2023-2024 Regular Sessions I N S E N A T E March 31, 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 retirement of county correction officers, uniformed correction divi- sion personnel, sheriffs, deputy sheriffs and undersheriffs in Nassau county 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-g of the retirement and social security law, as added by chapter 653 of the laws of 1988, such section as renumbered by chapter 771 of the laws of 1988, is 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 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. LBD10387-02-3
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.