Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 08, 2020 |
print number 7663a |
Apr 08, 2020 |
amend and recommit to governmental employees |
Jan 08, 2020 |
referred to governmental employees |
May 14, 2019 |
referred to governmental employees |
Assembly Bill A7663A
2019-2020 Legislative Session
Sponsored By
ABBATE
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
Actions
Bill Amendments
2019-A7663 - Details
2019-A7663 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7663 2019-2020 Regular Sessions I N A S S E M B L Y May 14, 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, in relation to automotive members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph 2 of subdivision d of section 604-g of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: (ii) In the case of a participant who is not a New York city revised plan member, such vested benefit shall become payable [on the earliest date on which such discontinued member could have retired for service if such discontinuance had not occurred] AS FOLLOWS: (A) AT THE LATER OF AGE SIXTY-TWO OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST TEN YEARS OF CREDITED SERVICE; OR (B) AT THE LATER OF AGE SIXTY-THREE OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST EIGHT, BUT FEWER THAN TEN YEARS OF CREDITED SERVICE; OR (C) AT THE LATER OF AGE SIXTY-FOUR OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST SIX, BUT FEWER THAN EIGHT YEARS OF CREDITED SERVICE; OR (D) AT THE LATER OF AGE SIXTY-FIVE OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST FIVE, BUT FEWER THAN SIX YEARS OF CREDITED SERVICE; or, in the case of a participant who is a New York city revised plan member, such vested benefit shall become payable at age sixty-three. § 2. Subdivision e of section 604-g of the retirement and social secu- rity law is amended by adding a new paragraph 13 to read as follows: 13. IN ADDITION TO THE DEFERRED VESTED BENEFIT CALCULATED PURSUANT TO SUBDIVISION D OF THIS SECTION, A PARTICIPANT WHO IS ELIGIBLE FOR SUCH BENEFIT SHALL RECEIVE A LIFE ANNUITY (CALCULATED IN ACCORDANCE WITH THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2019-A7663A (ACTIVE) - Details
2019-A7663A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7663--A 2019-2020 Regular Sessions I N A S S E M B L Y May 14, 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, in relation to automotive members of the New York city employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (ii) of paragraph 2 of subdivision d of section 604-g of the retirement and social security law, as amended by chapter 18 of the laws of 2012, is amended to read as follows: (ii) In the case of a participant who is not a New York city revised plan member, such vested benefit shall become payable [on the earliest date on which such discontinued member could have retired for service if such discontinuance had not occurred] AS FOLLOWS: (A) AT THE LATER OF AGE SIXTY-TWO OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST TEN YEARS OF CREDITED SERVICE; OR (B) AT THE LATER OF AGE SIXTY-THREE OR THE AGE AT DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST EIGHT, BUT FEWER THAN TEN YEARS OF CREDITED SERVICE; OR (C) AT THE LATER OF AGE SIXTY-FOUR OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST SIX, BUT FEWER THAN EIGHT YEARS OF CREDITED SERVICE; OR (D) AT THE LATER OF AGE SIXTY-FIVE OR THE AGE OF DISCONTINUANCE, IF THE MEMBER HAD COMPLETED AT LEAST FIVE, BUT FEWER THAN SIX YEARS OF CREDITED SERVICE; or, in the case of a participant who is a New York city revised plan member, such vested benefit shall become payable at age sixty-three. § 2. Subdivision e of section 604-g of the retirement and social secu- rity law is amended by adding a new paragraph 13 to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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