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Senate Bill S7118

2011-2012 Legislative Session

Repeals provisions requiring members of public retirement systems, who join on or after April 1, 2012, to pay 6% of their salary for military service credit

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Archive: Last Bill Status - In Senate Committee Civil Service And Pensions Committee

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2011-S7118 (ACTIVE) - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Rpld ยง1000 sub 10, R & SS L
Versions Introduced in 2013-2014 Legislative Session:
S4616

2011-S7118 (ACTIVE) - Summary

Repeals provisions requiring members of public retirement systems, who are veterans and who join such systems on or after April 1, 2012 (Tier 6), to pay at a rate of 6% of salary to purchase military credit in their retirement system, rather than their rate of 3% which applies to all other Tiers of the retirement systems.

2011-S7118 (ACTIVE) - Sponsor Memo

2011-S7118 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7118

                            I N  S E N A T E

                             April 30, 2012
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions

AN ACT to repeal subdivision 10 of section 1000 of  the  retirement  and
  social security law relating to requiring members of public retirement
  systems  to pay a rate of six percent of annual compensation for mili-
  tary service credit

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivision 10 of section 1000 of the retirement and social
security law is REPEALED.
  S  2.  This  act  shall take effect immediately and shall be deemed to
have been in full force and effect on and after April 1, 2012.








 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15398-01-2

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