senate Bill S6160

2023-2024 Legislative Session

Relates to applying cost-of-living adjustments

download bill text pdf

Sponsored By

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


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 31, 2023 referred to civil service and pensions

Co-Sponsors

S6160 (ACTIVE) - Details

See Assembly Version of this Bill:
A6640
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
Versions Introduced in Other Legislative Sessions:
2013-2014: S6785
2015-2016: S3919
2017-2018: S6049
2019-2020: S5902
2021-2022: S6651, A10058

S6160 (ACTIVE) - Summary

Provides a cost-of-living adjustment for New York public retirement systems.

S6160 (ACTIVE) - Sponsor Memo

S6160 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6160
 
                        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,  the  education
   law  and  the administrative code of the city of New York, in relation
   to providing cost-of-living adjustments

   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] EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO  THOUSAND  TWENTY-
 THREE,  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]  FIFTY-FIVE  and have been retired for five years; (ii)
 [all pensioners who have attained age fifty-five and have  been  retired
 for  ten  years;  (iii)] all disability pensioners regardless of age who
 have been retired for five years; and [(iv)] (III) all recipients of  an
 accidental  death benefit regardless of age who have been receiving such
 benefit for five 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]  EFFECTIVE ON THE FIRST DAY OF SEPTEMBER, TWO THOUSAND TWENTY-
 THREE, 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] FIFTY-FIVE and have been retired  for  five  years;  AND
 (ii)  [all  pensioners  who  have  attained age fifty-five and have been
 retired for ten years; and (iii)] all disability  pensioners  regardless
 of age who have been retired for five 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:
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08563-02-3

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