Assembly Bill A7606

2015-2016 Legislative Session

Relates to calculating pension benefits for public employees

download bill text pdf

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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

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2015-A7606 (ACTIVE) - Details

Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd ยงยง75 & 375, R & SS L
Versions Introduced in Other Legislative Sessions:
2017-2018: A7342
2019-2020: A5361
2021-2022: A5818

2015-A7606 (ACTIVE) - Summary

Relates to calculating pension benefits for public employees.

2015-A7606 (ACTIVE) - Bill Text download pdf 

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

                                  7606

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 20, 2015
                               ___________

Introduced  by  M.  of  A.  FITZPATRICK -- read once and referred to the
  Committee on Governmental Employees

AN ACT to amend the retirement and social security law, in  relation  to
  calculating pension benefits for public employees

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

  Section 1. Section 75 of the retirement and  social  security  law  is
amended by adding a new subdivision e to read as follows:
  E.  FOR  PURPOSES  OF  THIS TITLE, ALL FINAL AVERAGE SALARIES SHALL BE
CALCULATED EXCLUSIVE OF ANY FORM OF OVERTIME COMPENSATION, UNUSED  VACA-
TION TIME, UNUSED SICK LEAVE OR UNUSED PERSONAL TIME.
  S  2. Section 375 of the retirement and social security law is amended
by adding a new subdivision e to read as follows:
  E. FOR PURPOSES OF THIS TITLE, ALL FINAL  AVERAGE  SALARIES  SHALL  BE
CALCULATED  EXCLUSIVE OF ANY FORM OF OVERTIME COMPENSATION, UNUSED VACA-
TION TIME, UNUSED SICK LEAVE OR UNUSED PERSONAL TIME.
  S 3. This act shall take effect on the ninetieth day  after  it  shall
have become a law.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10151-01-5

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