Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 04, 2012 |
referred to governmental employees |
Jan 13, 2011 |
referred to governmental employees |
Assembly Bill A2055
2011-2012 Legislative Session
Sponsored By
CUSICK
Archive: Last 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
co-Sponsors
Felix Ortiz
Naomi Rivera
Kenneth Zebrowski
Anthony Brindisi
multi-Sponsors
Robert Castelli
William Colton
Dennis H. Gabryszak
Andrew Goodell
2011-A2055 (ACTIVE) - Details
2011-A2055 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2055 2011-2012 Regular Sessions I N A S S E M B L Y January 13, 2011 ___________ Introduced by M. of A. CUSICK, ORTIZ, TOWNS, PHEFFER -- Multi-Sponsored by -- M. of A. COLTON, TITONE -- read once and referred to the Committee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to allowing an eligible member of the public retirement system to obtain service credit for certain military service if such person has two years of credited service THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 3 of section 1000 of the retirement and social security law, as added by chapter 548 of the laws of 2000, is amended to read as follows: 3. A member must have at least [five] TWO years of credited service (not including service granted hereunder) to be eligible to receive credit under this section. S 2. This act shall take effect immediately. FISCAL NOTE.--This bill would amend Chapter 548 of the laws of 2000 to allow members who have at least (2) years of credited service to purchase service credit for military service. Currently a member needs at least five (5) years of credited service to be eligible to purchase such service credit. For members that purchase military service credit who ordinarily would not have attained five years of service credit, the additional military service credit could provide a vested retirement benefit where a retire- ment benefit would not have existed. Insofar as this bill would affect the New York State and Local Employ- ees' Retirement System and the New York State and Local Police and Fire Retirement System, there will be a cost for such members. Such cost will depend on the plan coverage, salary and age of the members who will be receiving an increased benefit. This cost will be shared by the State of New York and all participating employers in the New York State and Local EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00545-02-1
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