Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 03, 2018 |
referred to civil service and pensions |
Mar 24, 2017 |
referred to civil service and pensions |
Senate Bill S5410
2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Civil Service And Pensions 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
(R, C, IP) Senate District
2017-S5410 (ACTIVE) - Details
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- Retirement and Social Security Law
- Laws Affected:
- Amd §§501, 507 & 517, R & SS L
2017-S5410 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5410 TITLE OF BILL : An act to amend the retirement and social security law, in relation to disability benefits for certain members of the New York city police pension fund SUMMARY OF PROVISIONS : This legislation would amend the New York State Retirement and Social Security Law to provide an Accident Disability Retirement benefit for Tier 3 and Tier 3R members of the Police Pension Fund. Specifically, this legislation: *Provides an accidental disability retirement benefit equal to three-quarters of Final Average Salary (FAS) *Removes the Social Security offset from disability benefits *Includes Tier 2 Cost-of-Living Adjustment provisions *Requires that eligible members to initially contribute an additional one percent of wages which, depending on future cost calculations, may be raised to a maximum 1.5 percent. REASONS FOR SUPPORT : The City of New York deeply appreciates the service of its uniformed employees, and the need for strong disability protections in light of the dangers they face on a daily basis while maintaining our organized
2017-S5410 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5410 2017-2018 Regular Sessions I N S E N A T E March 24, 2017 ___________ Introduced by Sens. FLANAGAN, 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 disability benefits for certain members of the New York city police pension fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 28 of section 501 of the retirement and social security law, as added by chapter 298 of the laws of 2016, is amended to read as follows: 28. "New York city enhanced plan member" shall mean (a) a New York city police/fire revised plan member who becomes subject to the provisions of this article on or after June fifteenth, two thousand sixteen and who is a member of the New York city fire department pension fund, (b) a police/fire member who is a member of the New York city fire department pension fund and who makes an election, which shall be irrev- ocable and shall be duly executed and filed with the administrative head of such pension fund no later than one hundred twenty days after the effective date of this subdivision, to be subject to the provisions of this article related to New York city enhanced plan members, [or] (c) a New York city police/fire revised plan member who became subject to the provisions of this article before June fifteenth, two thousand sixteen, who is a member of the New York city fire department pension fund, and who makes an election, which shall be irrevocable and shall be duly executed and filed with the administrative head of such pension fund no later than one hundred twenty days after the effective date of this subdivision, to be subject to the provisions of this article related to New York city enhanced plan members, (D) A NEW YORK CITY POLICE/FIRE REVISED PLAN MEMBER WHO BECOMES SUBJECT TO THE PROVISIONS OF THIS ARTI- CLE ON OR AFTER APRIL FIRST, TWO THOUSAND SEVENTEEN AND WHO IS A MEMBER EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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