Assembly Bill A5087

2021-2022 Legislative Session

Provides a temporary retirement incentive for certain public employees (Part A); and provides an age 55/25 years temporary retirement incentive for certain public employees (Part B)

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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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2021-A5087 (ACTIVE) - Details

See Senate Version of this Bill:
S2722
Current Committee:
Assembly Governmental Employees
Law Section:
Retirement
Versions Introduced in 2019-2020 Legislative Session:
A10595, S8599

2021-A5087 (ACTIVE) - Summary

Provides a temporary retirement incentive for certain public employees (Part A); provides an age 55/25 years temporary retirement incentive for certain public employees (Part B).

2021-A5087 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5087
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced  by  M. of A. ABINANTI, PAULIN, GRIFFIN, STECK, WALKER, DICK-
   ENS, TAGUE, SANTABARBARA, McDONOUGH, COLTON, RAMOS,  TAYLOR,  DARLING,
   THIELE,  GUNTHER,  McMAHON, REYES, LUPARDO, DeSTEFANO, BRABENEC, MIKU-
   LIN, BARRON, ZEBROWSKI, ENGLEBRIGHT, REILLY -- read once and  referred
   to the Committee on Governmental Employees

 AN  ACT  to  provide a temporary retirement incentive for certain public
   employees (Part A); and  to  provide  an  age  55/25  years  temporary
   retirement incentive for certain public employees (Part B)
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. This act enacts into law  components  of  legislation  that
 would  enable public employers to offer a temporary retirement incentive
 to their employees, as well as to provide an age 55/25  years  temporary
 incentive  for  certain  public  employees.  Each  component  is  wholly
 contained within a Part identified as Parts A and B. The effective  date
 for each particular provision contained within such Part is set forth in
 the  last  section  of such part. Any provision in any section contained
 within a Part, including the effective date of  the  Part,  which  makes
 reference  to a section "of this act", when used in connection with that
 particular component, shall be deemed to mean and refer  to  the  corre-
 sponding  section  of the Part in which it is found, unless noted other-
 wise. The benefits of this act shall not be  applicable  to  anyone  who
 first  became  a member of a public retirement system of the state on or
 after January first, two thousand ten.
   § 2. Legislative findings. The legislature finds and declares that the
 retirement benefits provided for in this act  are  designed  to  achieve
 cost-savings for public employers and to avoid layoffs of public employ-
 ees  in  this  time  of fiscal need. Therefore, the retirement incentive
 benefit provided for in Part A of this  act  and  the  age  55/25  years
 retirement  benefit provided for in Part B of this act are intended only
 to be temporary in nature for employees who are eligible to receive  and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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