NY State Assembly Bill 2019-A7249A

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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Actions

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Apr 08, 2020	print number 7249a
Apr 08, 2020	amend and recommit to governmental employees
Jan 08, 2020	referred to governmental employees
Apr 18, 2019	referred to governmental employees

Bill Amendments

Original

A (Active)

2019-A7249 - Details

See Senate Version of this Bill:: S5842
Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §§517, 613 & 1204, R & SS L; amd §§182, 392 & 6252, Ed L
Versions Introduced in Other Legislative Sessions:: 2021-2022: A6988, S4236
2023-2024: A5209, S3614

2019-A7249 - Summary

Relates to member contribution per centum increases.

2019-A7249 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7249
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 18, 2019
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on Governmental Employees
 
 AN ACT to amend the retirement and social security law and the education
   law, in relation to member contribution per centum increases
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs 1, 2, 3, 4 and 5 of subdivision a of section 517
 of the retirement and social security law, as added by chapter 18 of the
 laws of 2012, are amended to read as follows:
   1. members with wages of forty-five thousand dollars per annum or less
 shall contribute three per centum of annual wages.  ON  APRIL  ONE,  TWO
 THOUSAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2. members with wages greater than forty-five thousand per annum,  but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   3. members with wages greater than fifty-five thousand per annum,  but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not more than one hundred thousand per annum shall contribute  five  and
 three-quarters  per  centum  of annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PER CENTUM; and
   5.  members  with  wages  greater  than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11081-01-9

 A. 7249                             2
 
 SAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   §  2.  Subparagraphs  (i), (ii), (iii), (iv) and (v) of paragraph 1 of
 subdivision a, subparagraphs (i), (ii), (iii), (iv) and (v) of paragraph
 2 of subdivision a, paragraphs 1, 2, 3, 4 and 5  of  subdivision  f  and
 paragraphs  1,  2,  3,  4  and  5 of subdivision g of section 613 of the
 retirement and social security law, subparagraphs (i), (ii), (iii), (iv)
 and (v) of paragraph 1 and subparagraphs (i), (ii), (iii), (iv) and  (v)
 of paragraph 2 of subdivision a as amended by chapter 510 of the laws of
 2015  and paragraphs 1, 2, 3, 4 and 5 of subdivision f and paragraphs 1,
 2, 3, 4 and 5 of subdivision g as added by chapter 18  of  the  laws  of
 2012, are amended to read as follows:
   (i)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages.  ON  APRIL  ONE,
 TWO  THOUSAND  TWENTY,  AND  EVERY  YEAR  THEREAFTER,  THE WAGES IN THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (ii) members with wages greater than forty-five  thousand  per  annum,
 but  not  more than fifty-five thousand per annum shall contribute three
 and one-half per centum of annual wages.  ON  APRIL  ONE,  TWO  THOUSAND
 TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iii) members with wages greater than fifty-five thousand  per  annum,
 but  not more than seventy-five thousand per annum shall contribute four
 and one-half per centum of annual wages.  ON  APRIL  ONE,  TWO  THOUSAND
 TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iv) members with wages greater than seventy-five thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON APRIL ONE,  TWO  THOU-
 SAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   (v) members with wages greater than one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   (i) members with wages of forty-five thousand  dollars  per  annum  or
 less  shall  contribute  three per centum of annual wages. ON APRIL ONE,
 TWO THOUSAND TWENTY, AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (ii)  members  with  wages greater than forty-five thousand per annum,
 but not more than fifty-five thousand per annum shall  contribute  three
 and  one-half  per  centum  of  annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iii)  members  with wages greater than fifty-five thousand per annum,
 but not more than seventy-five thousand per annum shall contribute  four
 and  one-half  per  centum  of  annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iv)  members  with wages greater than seventy-five thousand per annum
 but not more than one hundred thousand per annum shall  contribute  five
 and  three-quarters  per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   (v)  members  with  wages  greater than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-

 A. 7249                             3
 
 SAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   1. members with wages of forty-five thousand dollars per annum or less
 shall  contribute  three  per  centum of annual wages. ON APRIL ONE, TWO
 THOUSAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2.  members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY,
 AND EVERY YEAR THEREAFTER, THE  WAGES  IN  THIS  SUBPARAGRAPH  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   3.  members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY,
 AND EVERY YEAR THEREAFTER, THE  WAGES  IN  THIS  SUBPARAGRAPH  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not  more  than one hundred thousand per annum shall contribute five and
 three-quarters per centum of annual wages. ON APRIL  ONE,  TWO  THOUSAND
 TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL
 BE INCREASED BY THREE PER CENTUM; and
   5. members with wages greater than  one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   1. members with wages of forty-five thousand dollars per annum or less
 shall contribute three per centum of annual  wages.  ON  JULY  ONE,  TWO
 THOUSAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2. members with wages greater than forty-five thousand per annum,  but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   3. members with wages greater than fifty-five thousand per annum,  but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not more than one hundred thousand per annum shall contribute  five  and
 three-quarters  per  centum  of  annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PER CENTUM; and
   5.  members  with  wages  greater  than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON JULY ONE, TWO  THOU-
 SAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   § 3. Subdivisions a, b, c, d and e of section 1204 of  the  retirement
 and social security law, as added by chapter 18 of the laws of 2012, are
 amended to read as follows:
   a. members with wages of forty-five thousand dollars per annum or less
 shall  contribute  three  per  centum of annual wages. ON APRIL ONE, TWO
 THOUSAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBDIVI-
 SION SHALL BE INCREASED BY THREE PER CENTUM;

 A. 7249                             4

   b.  members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY,
 AND EVERY YEAR THEREAFTER,  THE  WAGES  IN  THIS  SUBDIVISION  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   c.  members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY,
 AND EVERY YEAR THEREAFTER,  THE  WAGES  IN  THIS  SUBDIVISION  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   d. members with wages greater than seventy-five thousand per annum but
 not  more  than one hundred thousand per annum shall contribute five and
 three-quarters per centum of annual wages. ON APRIL  ONE,  TWO  THOUSAND
 TWENTY,  AND  EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDIVISION SHALL
 BE INCREASED BY THREE PER CENTUM; and
   e. members with wages greater than  one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY,  AND  EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDIVISION
 SHALL BE INCREASED BY THREE PER CENTUM.
   § 4. Paragraphs (a), (b), (c), (d) and (e) of subdivision 2 of section
 182 of the education law, as added by chapter 18 of the  laws  of  2012,
 are amended to read as follows:
   (a)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages.  ON  APRIL  ONE,
 TWO  THOUSAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (b) members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY,
 AND EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS  PARAGRAPH  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   (c) members with wages greater than fifty-five thousand per annum, but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS  PARAGRAPH  SHALL BE
 INCREASED BY THREE PER CENTUM;
   (d) members with wages greater than seventy-five  thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON APRIL ONE,  TWO  THOU-
 SAND  TWENTY,  AND  EVERY  YEAR  THEREAFTER, THE WAGES IN THIS PARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   (e) members with wages greater than one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY,  AND  EVERY  YEAR  THEREAFTER, THE WAGES IN THIS PARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   § 5. Subparagraphs (i), (ii), (iii), (iv) and (v) of paragraph (d)  of
 subdivision  2  of section 392 of the education law, as added by chapter
 18 of the laws of 2012, are amended to read as follows:
   (i) members with wages of forty-five thousand  dollars  per  annum  or
 less shall contribute three per centum of annual wages. ON JULY ONE, TWO
 THOUSAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PERCENTUM;
   (ii) members with wages greater than forty-five  thousand  per  annum,
 but  not  more than fifty-five thousand per annum shall contribute three
 and one-half per centum of annual wages. ON JULY ONE, TWO THOUSAND TWEN-

 A. 7249                             5
 
 TY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL  BE
 INCREASED BY THREE PERCENTUM;
   (iii)  members  with wages greater than fifty-five thousand per annum,
 but not more than seventy-five thousand per annum shall contribute  four
 and one-half per centum of annual wages. ON JULY ONE, TWO THOUSAND TWEN-
 TY,  AND  EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PERCENTUM;
   (iv) members with wages greater than seventy-five thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PERCENTUM; and
   (v)  members  with  wages  greater than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON JULY ONE, TWO  THOU-
 SAND  TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PERCENTUM.
   § 6. Subparagraphs 1, 2, 3, 4 and 5 of paragraph (d) of subdivision  2
 of section 6252 of the education law, as added by chapter 18 of the laws
 of 2012, are amended to read as follows:
   (1)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages. ON JULY ONE, TWO
 THOUSAND TWENTY, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PERCENTUM;
   (2) members with wages greater than forty-five thousand per annum, but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY,
 AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PERCENTUM;
   (3) members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per  centum of annual wages. ON JULY ONE, TWO THOUSAND TWENTY,
 AND EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS  PARAGRAPH  SHALL  BE
 INCREASED BY THREE PERCENTUM;
   (4)  members  with  wages greater than seventy-five thousand per annum
 but not more than one hundred thousand per annum shall  contribute  five
 and three-quarters per centum of annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARAGRAPH SHALL BE
 INCREASED BY THREE PERCENTUM; and
   (5) members with wages greater than one  hundred  thousand  per  annum
 shall  contribute six per centum of annual wages. ON JULY ONE, TWO THOU-
 SAND TWENTY, AND EVERY YEAR THEREAFTER,  THE  WAGES  IN  THIS  PARAGRAPH
 SHALL BE INCREASED BY THREE PERCENTUM.
   §  7. Notwithstanding any other provision of law to the contrary, none
 of the provisions of this act shall be subject  to  section  25  of  the
 retirement and social security law.
   § 8. This act shall take effect immediately.

2019-A7249A (ACTIVE) - Details

See Senate Version of this Bill:: S5842
Current Committee:: Assembly Governmental Employees
Law Section:: Retirement and Social Security Law
Laws Affected:: Amd §§517, 613 & 1204, R & SS L; amd §§182, 392 & 6252, Ed L
Versions Introduced in Other Legislative Sessions:: 2021-2022: A6988, S4236
2023-2024: A5209, S3614

2019-A7249A (ACTIVE) - Summary

Relates to member contribution per centum increases.

2019-A7249A (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7249--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 18, 2019
                                ___________
 
 Introduced by M. of A. ABBATE -- read once and referred to the Committee
   on  Governmental  Employees -- recommitted to the Committee on Govern-
   mental Employees in accordance with Assembly Rule 3, sec. 2 -- commit-
   tee discharged, bill amended, ordered reprinted as amended and  recom-
   mitted to said committee

 AN ACT to amend the retirement and social security law and the education
   law, in relation to member contribution per centum increases
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs 1, 2, 3, 4 and 5 of subdivision a of section 517
 of the retirement and social security law, as added by chapter 18 of the
 laws of 2012, are amended to read as follows:
   1. members with wages of forty-five thousand dollars per annum or less
 shall contribute three per centum of annual wages.  ON  APRIL  ONE,  TWO
 THOUSAND  TWENTY-ONE,  AND  EVERY  YEAR  THEREAFTER,  THE  WAGES IN THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2. members with wages greater than forty-five thousand per annum,  but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY-
 ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   3. members with wages greater than fifty-five thousand per annum,  but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY-
 ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not more than one hundred thousand per annum shall contribute  five  and
 three-quarters  per  centum  of annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES  IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

                                                            LBD11081-05-0

 A. 7249--A                          2
 
   5.  members  with  wages  greater  than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   §  2.  Subparagraphs  (i), (ii), (iii), (iv) and (v) of paragraph 1 of
 subdivision a, subparagraphs (i), (ii), (iii), (iv) and (v) of paragraph
 2 of subdivision a, paragraphs 1, 2, 3, 4 and 5  of  subdivision  f  and
 paragraphs  1,  2,  3,  4  and  5 of subdivision g of section 613 of the
 retirement and social security law, subparagraphs (i), (ii), (iii), (iv)
 and (v) of paragraph 1 and subparagraphs (i), (ii), (iii), (iv) and  (v)
 of paragraph 2 of subdivision a as amended by chapter 510 of the laws of
 2015  and paragraphs 1, 2, 3, 4 and 5 of subdivision f and paragraphs 1,
 2, 3, 4 and 5 of subdivision g as added by chapter 18  of  the  laws  of
 2012, are amended to read as follows:
   (i)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages.  ON  APRIL  ONE,
 TWO  THOUSAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (ii) members with wages greater than forty-five  thousand  per  annum,
 but  not  more than fifty-five thousand per annum shall contribute three
 and one-half per centum of annual wages.  ON  APRIL  ONE,  TWO  THOUSAND
 TWENTY-ONE,  AND  EVERY  YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM;
   (iii) members with wages greater than fifty-five thousand  per  annum,
 but  not more than seventy-five thousand per annum shall contribute four
 and one-half per centum of annual wages.  ON  APRIL  ONE,  TWO  THOUSAND
 TWENTY-ONE,  AND  EVERY  YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM;
   (iv) members with wages greater than seventy-five thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON APRIL ONE,  TWO  THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM; and
   (v) members with wages greater than one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   (i) members with wages of forty-five thousand  dollars  per  annum  or
 less  shall  contribute  three per centum of annual wages. ON APRIL ONE,
 TWO THOUSAND TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE  WAGES  IN  THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (ii)  members  with  wages greater than forty-five thousand per annum,
 but not more than fifty-five thousand per annum shall  contribute  three
 and  one-half  per  centum  of  annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES  IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM;
   (iii)  members  with wages greater than fifty-five thousand per annum,
 but not more than seventy-five thousand per annum shall contribute  four
 and  one-half  per  centum  of  annual wages. ON APRIL ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES  IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM;
   (iv)  members  with wages greater than seventy-five thousand per annum
 but not more than one hundred thousand per annum shall  contribute  five
 and  three-quarters  per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM; and

 A. 7249--A                          3
 
   (v)  members  with  wages  greater than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   1. members with wages of forty-five thousand dollars per annum or less
 shall  contribute  three  per  centum of annual wages. ON APRIL ONE, TWO
 THOUSAND TWENTY-ONE, AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2.  members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL  BE
 INCREASED BY THREE PER CENTUM;
   3.  members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL  BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not  more  than one hundred thousand per annum shall contribute five and
 three-quarters per centum of annual wages. ON APRIL  ONE,  TWO  THOUSAND
 TWENTY-ONE,  AND  EVERY  YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   5. members with wages greater than  one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   1. members with wages of forty-five thousand dollars per annum or less
 shall contribute three per centum of annual  wages.  ON  JULY  ONE,  TWO
 THOUSAND  TWENTY-ONE,  AND  EVERY  YEAR  THEREAFTER,  THE  WAGES IN THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   2. members with wages greater than forty-five thousand per annum,  but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY-
 ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   3. members with wages greater than fifty-five thousand per annum,  but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY-
 ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   4. members with wages greater than seventy-five thousand per annum but
 not more than one hundred thousand per annum shall contribute  five  and
 three-quarters  per  centum  of  annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES  IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   5.  members  with  wages  greater  than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON JULY ONE, TWO  THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   § 3. Subdivisions a, b, c, d and e of section 1204 of  the  retirement
 and social security law, as added by chapter 18 of the laws of 2012, are
 amended to read as follows:
   a. members with wages of forty-five thousand dollars per annum or less
 shall  contribute  three  per  centum of annual wages. ON APRIL ONE, TWO

 A. 7249--A                          4
 
 THOUSAND TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDI-
 VISION SHALL BE INCREASED BY THREE PER CENTUM;
   b.  members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDIVISION  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   c.  members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDIVISION  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   d. members with wages greater than seventy-five thousand per annum but
 not  more  than one hundred thousand per annum shall contribute five and
 three-quarters per centum of annual wages. ON APRIL  ONE,  TWO  THOUSAND
 TWENTY-ONE,  AND  EVERY  YEAR  THEREAFTER, THE WAGES IN THIS SUBDIVISION
 SHALL BE INCREASED BY THREE PER CENTUM; and
   e. members with wages greater than  one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBDIVI-
 SION SHALL BE INCREASED BY THREE PER CENTUM.
   § 4. Paragraphs (a), (b), (c), (d) and (e) of subdivision 2 of section
 182 of the education law, as added by chapter 18 of the  laws  of  2012,
 are amended to read as follows:
   (a)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages.  ON  APRIL  ONE,
 TWO  THOUSAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS
 PARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (b) members with wages greater than forty-five thousand per annum, but
 not more than fifty-five thousand per annum shall contribute  three  and
 one-half  per centum of annual wages. ON APRIL ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  PARAGRAPH  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   (c) members with wages greater than fifty-five thousand per annum, but
 not  more than seventy-five thousand per annum shall contribute four and
 one-half per centum of annual wages. ON APRIL ONE, TWO THOUSAND  TWENTY-
 ONE,  AND  EVERY  YEAR  THEREAFTER, THE WAGES IN THIS PARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   (d) members with wages greater than seventy-five  thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON APRIL ONE,  TWO  THOU-
 SAND  TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   (e) members with wages greater than one  hundred  thousand  per  annum
 shall contribute six per centum of annual wages. ON APRIL ONE, TWO THOU-
 SAND  TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   § 5. Subparagraphs (i), (ii), (iii), (iv) and (v) of paragraph (d)  of
 subdivision  2  of section 392 of the education law, as added by chapter
 18 of the laws of 2012, are amended to read as follows:
   (i) members with wages of forty-five thousand  dollars  per  annum  or
 less shall contribute three per centum of annual wages. ON JULY ONE, TWO
 THOUSAND  TWENTY-ONE,  AND  EVERY  YEAR  THEREAFTER,  THE  WAGES IN THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (ii) members with wages greater than forty-five  thousand  per  annum,
 but  not  more than fifty-five thousand per annum shall contribute three

 A. 7249--A                          5

 and one-half per centum of annual wages. ON JULY ONE, TWO THOUSAND TWEN-
 TY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH  SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iii)  members  with wages greater than fifty-five thousand per annum,
 but not more than seventy-five thousand per annum shall contribute  four
 and one-half per centum of annual wages. ON JULY ONE, TWO THOUSAND TWEN-
 TY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL
 BE INCREASED BY THREE PER CENTUM;
   (iv) members with wages greater than seventy-five thousand  per  annum
 but  not  more than one hundred thousand per annum shall contribute five
 and three-quarters per centum of annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES  IN  THIS  SUBPARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM; and
   (v)  members  with  wages  greater than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON JULY ONE, TWO  THOU-
 SAND  TWENTY-ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARA-
 GRAPH SHALL BE INCREASED BY THREE PER CENTUM.
   § 6. Subparagraphs 1, 2, 3, 4 and 5 of paragraph (d) of subdivision  2
 of section 6252 of the education law, as added by chapter 18 of the laws
 of 2012, are amended to read as follows:
   (1)  members  with  wages  of forty-five thousand dollars per annum or
 less shall contribute three per centum of annual wages. ON JULY ONE, TWO
 THOUSAND TWENTY-ONE, AND  EVERY  YEAR  THEREAFTER,  THE  WAGES  IN  THIS
 SUBPARAGRAPH SHALL BE INCREASED BY THREE PER CENTUM;
   (2) members with wages greater than forty-five thousand per annum, but
 not  more  than fifty-five thousand per annum shall contribute three and
 one-half per centum of annual wages. ON JULY ONE, TWO  THOUSAND  TWENTY-
 ONE,  AND EVERY YEAR THEREAFTER, THE WAGES IN THIS SUBPARAGRAPH SHALL BE
 INCREASED BY THREE PER CENTUM;
   (3) members with wages greater than fifty-five thousand per annum, but
 not more than seventy-five thousand per annum shall contribute four  and
 one-half  per  centum of annual wages. ON JULY ONE, TWO THOUSAND TWENTY-
 ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN  THIS  PARAGRAPH  SHALL  BE
 INCREASED BY THREE PER CENTUM;
   (4)  members  with  wages greater than seventy-five thousand per annum
 but not more than one hundred thousand per annum shall  contribute  five
 and three-quarters per centum of annual wages. ON JULY ONE, TWO THOUSAND
 TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARAGRAPH SHALL
 BE INCREASED BY THREE PER CENTUM; and
   (5)  members  with  wages  greater than one hundred thousand per annum
 shall contribute six per centum of annual wages. ON JULY ONE, TWO  THOU-
 SAND  TWENTY-ONE, AND EVERY YEAR THEREAFTER, THE WAGES IN THIS PARAGRAPH
 SHALL BE INCREASED BY THREE PER CENTUM.
   § 7. Notwithstanding any other provision of law to the contrary,  none
 of  the  provisions  of  this  act shall be subject to section 25 of the
 retirement and social security law.
   § 8. This act shall take effect immediately.
   FISCAL NOTE.--Pursuant to Legislative Law, Section 50:
   This bill would increase the wage ranges to which the 3%, 3.5%,  4.5%,
 5.75% and 6% contribution rates are applied for tier 6 members beginning
 on April 1, 2021 and every year thereafter by 3%.
   The current contribution rates and wage ranges are:
    3% for wages of $45,000 or less
    3.5% for wages greater than $45,000 and less than or equal to $55,000
    4.5% for wages greater than $55,000 and less than or equal to $75,000

 A. 7249--A                          6
 
    5.75%  for  wages  greater  than  $75,000  and  less than or equal to
    $100,000
    6.0% for wages greater than $100,000
   Insofar  as  this bill affects the New York State and Local Employees'
 Retirement System (NYSLERS), if this legislation is enacted  during  the
 2020 legislative session, there will be an increase in the present value
 of  future  costs of approximately $384 million which would be shared by
 the State of New York and all of  the  participating  employers  in  the
 NYSLERS.  The  estimated  first  year  cost would be approximately $18.9
 million to the State of New York and approximately $27.3 million to  the
 participating employers in the NYSLERS.
   Insofar  as  this bill affects the New York State and Local Police and
 Fire Retirement System (NYSLPFRS), if this legislation is enacted during
 the 2020 legislative session, there will be an increase in  the  present
 value  of  future  costs  of  approximately  $8.9 million which would be
 shared by the State of New York and all of the  participating  employers
 in  the  NYSLPFRS.  The estimated first year cost would be approximately
 $193,000 to the State of New York  and  approximately  $790,000  to  the
 participating employers in the NYSLPFRS.
   Summary of relevant resources:
   The  membership  data  used  in  measuring  the impact of the proposed
 change was the same as that used in the March 31, 2019  actuarial  valu-
 ation.    Distributions  and  other  statistics can be found in the 2019
 Report of the  Actuary  and  the  2019  Comprehensive  Annual  Financial
 Report.
   The  actuarial assumptions and methods used are described in the 2015,
 2016, 2017, 2018 and 2019 Annual Report to the Comptroller on  Actuarial
 Assumptions,  and  the  Codes, Rules and Regulations of the State of New
 York: Audit and Control.
   The Market Assets and GASB Disclosures are found in the March 31, 2019
 New York State and Local  Retirement  System  Financial  Statements  and
 Supplementary Information.
   I am a member of the American Academy of Actuaries and meet the Quali-
 fication Standards to render the actuarial opinion contained herein.
   This  fiscal note does not constitute a legal opinion on the viability
 of the proposed change nor is it intended to serve as a  substitute  for
 the professional judgment of an attorney.
   This  estimate, dated March 24, 2020, and intended for use only during
 the 2020 Legislative Session, is Fiscal Note No.  2020-88,  prepared  by
 the Actuary for the New York State and Local Retirement System.

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Assembly Bill A7249A

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

2019-A7249 - Details

2019-A7249 - Summary

2019-A7249 - Bill Text download pdf

2019-A7249A (ACTIVE) - Details

2019-A7249A (ACTIVE) - Summary

2019-A7249A (ACTIVE) - Bill Text download pdf

Comments

Assembly Bill A7249A

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Sponsored By

ABBATE

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

2019-A7249 - Details

2019-A7249 - Summary

2019-A7249 - Bill Text download pdf

2019-A7249A (ACTIVE) - Details

2019-A7249A (ACTIVE) - Summary

2019-A7249A (ACTIVE) - Bill Text download pdf

Comments