Senate Bill S8859

2017-2018 Legislative Session

Relates to additional member contributions for certain members under the age fifty-seven retirement program

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Sponsored By

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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2017-S8859 (ACTIVE) - Details

See Assembly Version of this Bill:
A11066
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §604-d, R & SS L
Versions Introduced in Other Legislative Sessions:
2019-2020: S5900
2021-2022: S6981
2023-2024: S6097, S9539

2017-S8859 (ACTIVE) - Summary

Relates to additional member contributions for certain members under the age fifty-seven retirement program; provides that members holding certain titles who due to their age at the time of enrollment in the age fifty-seven retirement program will not obtain twenty-five years of service credit and therefore will not be eligible for a refund of their additional member contributions shall not be required to make additional member contributions.

2017-S8859 (ACTIVE) - Sponsor Memo

2017-S8859 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8859
 
                             I N  S E N A T E
 
                               May 29, 2018
                                ___________
 
 Introduced  by  Sen.  GOLDEN -- 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
   additional  member  contributions  for  certain  members under the age
   fifty-seven retirement program
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  1  of  subdivision  f  of section 604-d of the
 retirement and social security law is amended by adding a  new  subpara-
 graph (iv) to read as follows:
   (IV) NOTWITHSTANDING THE PROVISIONS OF SUBPARAGRAPH (II) OF THIS PARA-
 GRAPH,  A PARTICIPANT HOLDING THE TITLE OF CARPENTER, SUPERVISOR CARPEN-
 TER, SHIP CARPENTER, SUPERVISOR  SHIP  CARPENTER,  RIGGER,  DOCKBUILDER,
 SUPERVISOR  DOCKBUILDER  AND  GENERAL  SUPERVISOR  DOCKBUILDER  WHO IS A
 PARTICIPANT IN THE AGE FIFTY-SEVEN RETIREMENT PROGRAM AND WHOSE AGE  AND
 ALLOWABLE  SERVICE ARE SUCH THAT HE OR SHE COULD NOT POSSIBLY BE ABLE TO
 ACCUMULATE AT LEAST TWENTY-FIVE YEARS OF SERVICE BY THE TIME HE  OR  SHE
 REACHES  AGE  FIFTY-SEVEN,  SHALL NOT BE REQUIRED TO MAKE THE ADDITIONAL
 MEMBER CONTRIBUTION PURSUANT TO SUBPARAGRAPH  (II)  OF  THIS  PARAGRAPH.
 ANY  PARTICIPANT  IN THE TITLES LISTED IN THIS SUBPARAGRAPH WHO HAS MADE
 ADDITIONAL MEMBER CONTRIBUTIONS PURSUANT TO SUBPARAGRAPH  (II)  OF  THIS
 PARAGRAPH  PRIOR TO THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO
 THOUSAND SEVENTEEN THAT ADDED THIS SUBPARAGRAPH SHALL RECEIVE  A  REFUND
 OF  THE  EMPLOYEE  PORTION  OF SUCH CONTRIBUTIONS PLUS INTEREST PROVIDED
 THAT THEIR AGE AND ALLOWABLE SERVICE ARE SUCH THAT HE OR SHE  COULD  NOT
 POSSIBLY  BE ABLE TO ACCUMULATE AT LEAST TWENTY-FIVE YEARS OF SERVICE BY
 THE TIME HE OR SHE REACHES AGE FIFTY-SEVEN.
   § 2. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   SUMMARY OF BILL:  This  proposed  legislation  would  amend  New  York
 Retirement  and  Social Security Law (RSSL) Section 604-d to exempt from
 the physically taxing provisions certain Tier 4  carpenter  titles,  who
 are  participants  in  the  New  York  City Employees' Retirement System
 (NYCERS) or the Board of Education Retirement System of the City of  New
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
              

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