Senate Bill S795

2019-2020 Legislative Session

Increases the amount of money a public retirement system retiree may earn in a position of public service to $50,000

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Sponsored By

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

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2019-S795 (ACTIVE) - Details

See Assembly Version of this Bill:
A7109
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §212, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S4345
2017-2018: S5725, A7872
2021-2022: S4920, A2453
2023-2024: S4124

2019-S795 (ACTIVE) - Summary

Increases the amount of money a public retirement system retiree may earn in a position of public service in the year 2020 and thereafter to $50,000.

2019-S795 (ACTIVE) - Sponsor Memo

2019-S795 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    795
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 9, 2019
                                ___________
 
 Introduced  by  Sen.  LANZA  -- 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
   increasing the retiree public earnings cap

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 2 of section 212 of the retirement  and  social
 security  law,  as amended by chapter 74 of the laws of 2006, is amended
 to read as follows:
   2. The earning limitations for retired persons in positions of  public
 service  under  this  section  shall be in accordance with the following
 table:
 
         For the year                               Earnings limitation
         1996                                       $12,500
         1997                                       $13,500
         1998                                       $14,500
         1999                                       $15,500
         2000                                       $17,000
         2001                                       $18,500
         2002                                       $20,000
         2003                                       $25,000
         2004                                       $27,500
         2005 and 2006                              $27,500
         2007 [and thereafter] THROUGH 2019         $30,000
         2020 AND THEREAFTER                        $50,000
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06503-01-9

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