Senate Bill S6619B

2021-2022 Legislative Session

Relates to the ordinary death benefit

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate & Assembly


  • 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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Votes

Bill Amendments

2021-S6619 - Details

See Assembly Version of this Bill:
A7730
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448, 508 & 606, R & SS L

2021-S6619 - Summary

Delays reductions in the ordinary death benefit payable to members of the New York State and Local Retirement and the New York State and Local Police and Fire Retirement System to ensure that no reduction before a member becomes retirement eligible for an unreduced retirement from age 61 to 62 for members in Tiers 1-5 and 63 for members in Tier 6.

2021-S6619 - Sponsor Memo

2021-S6619 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6619
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- (at request of the State Comptroller) --
   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
   the ordinary death benefit

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The closing paragraph of paragraph 2 of  subdivision  a  of
 section  448  of  the  retirement and social security law, as amended by
 chapter 513 of the laws of 2010, is amended to read as follows:
   In the case of a member of the New  York  state  teachers'  retirement
 system,  commencing upon attainment of age sixty-one, the benefit other-
 wise provided pursuant to this paragraph  shall  be  reduced  while  the
 member  is  in service to ninety-six per centum of the benefit otherwise
 payable and each year thereafter the benefit payable shall be reduced by
 an amount equal to four per centum per  year  of  the  original  benefit
 otherwise  payable, but not below sixty per centum of the original bene-
 fit otherwise payable. In the case of a member  of  the  New  York  city
 employees'  retirement  system,  the  New  York  city board of education
 retirement system or the New  York  city  teachers'  retirement  system,
 commencing  upon  attainment  of  age  sixty-one,  the benefit otherwise
 provided pursuant to this paragraph shall be reduced while the member is
 in service to ninety-five per centum of the  benefit  otherwise  payable
 and  each  year  thereafter  the  benefit payable shall be reduced by an
 amount equal to five per centum per year of the original benefit  other-
 wise  payable,  but  not  below fifty per centum of the original benefit
 otherwise payable. In the case of any member of the New York  state  and
 local  employees'  retirement  system who is permitted to retire without
 regard to age or a member of the New York state  and  local  police  and
 fire  retirement  system,  commencing upon attainment of age [sixty-one]
 SIXTY-TWO IF SUCH MEMBER'S DATE OF MEMBERSHIP IS PRIOR TO  APRIL  FIRST,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

2021-S6619A - Details

See Assembly Version of this Bill:
A7730
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448, 508 & 606, R & SS L

2021-S6619A - Summary

Delays reductions in the ordinary death benefit payable to members of the New York State and Local Retirement and the New York State and Local Police and Fire Retirement System to ensure that no reduction before a member becomes retirement eligible for an unreduced retirement from age 61 to 62 for members in Tiers 1-5 and 63 for members in Tier 6.

2021-S6619A - Sponsor Memo

2021-S6619A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6619--A
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- (at request of the State Comptroller) --
   read  twice  and  ordered printed, and when printed to be committed to
   the Committee on Civil Service and Pensions -- reported favorably from
   said committee and committed to the Committee on Finance --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to amend the retirement and social security law, in relation to
   the ordinary death benefit
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The  closing paragraph of paragraph 2 of subdivision a of
 section 448 of the retirement and social security  law,  as  amended  by
 chapter 513 of the laws of 2010, is amended to read as follows:
   In  the  case  of  a member of the New York state teachers' retirement
 system, commencing upon attainment of age [sixty-one] SIXTY-TWO IF  SUCH
 MEMBER'S DATE OF MEMBERSHIP IS PRIOR TO APRIL FIRST, TWO THOUSAND TWELVE
 OR  ATTAINMENT OF AGE SIXTY-THREE IF SUCH MEMBER'S DATE OF MEMBERSHIP IS
 ON OR AFTER APRIL FIRST, TWO  THOUSAND  TWELVE,  the  benefit  otherwise
 provided pursuant to this paragraph shall be reduced while the member is
 in service to ninety-six per centum of the benefit otherwise payable and
 each  year  thereafter the benefit payable shall be reduced by an amount
 equal to four per centum per year  of  the  original  benefit  otherwise
 payable,  but  not below sixty per centum of the original benefit other-
 wise payable. In the case of a member of the New  York  city  employees'
 retirement  system,  the  New  York  city  board of education retirement
 system or the New York city teachers' retirement system, commencing upon
 attainment of age sixty-one, the benefit otherwise provided pursuant  to
 this  paragraph shall be reduced while the member is in service to nine-
 ty-five per centum of the benefit otherwise payable and each year there-
 after the benefit payable shall be reduced by an amount  equal  to  five
 per  centum  per year of the original benefit otherwise payable, but not
 below fifty per centum of the original benefit otherwise payable. In the
 case of any member of the New York state and local employees' retirement
 system who is permitted to retire without regard to age or a  member  of
              

co-Sponsors

2021-S6619B (ACTIVE) - Details

See Assembly Version of this Bill:
A7730
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§448, 508 & 606, R & SS L

2021-S6619B (ACTIVE) - Summary

Delays reductions in the ordinary death benefit payable to members of the New York State and Local Retirement and the New York State and Local Police and Fire Retirement System to ensure that no reduction before a member becomes retirement eligible for an unreduced retirement from age 61 to 62 for members in Tiers 1-5 and 63 for members in Tier 6.

2021-S6619B (ACTIVE) - Sponsor Memo

2021-S6619B (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6619--B
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 2021
                                ___________
 
 Introduced by Sen. GOUNARDES -- (at request of the State Comptroller) --
   read  twice  and  ordered printed, and when printed to be committed to
   the Committee on Civil Service and Pensions -- reported favorably from
   said committee and committed to the Committee on Finance --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee -- recommitted to the Committee on Civil Service and
   Pensions  in  accordance  with  Senate  Rule  6,  sec.  8 -- committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN ACT to amend the retirement and social security law, in  relation  to
   the ordinary death benefit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The closing paragraph of paragraph 2 of  subdivision  a  of
 section  448  of  the  retirement and social security law, as amended by
 chapter 376 of the laws of 2021, is amended to read as follows:
   In the case of a member of the New  York  state  teachers'  retirement
 system,  commencing upon attainment of age [sixty-one] SIXTY-TWO IF SUCH
 MEMBER'S DATE OF MEMBERSHIP IS PRIOR TO APRIL FIRST, TWO THOUSAND TWELVE
 OR ATTAINMENT OF AGE SIXTY-THREE IF SUCH MEMBER'S DATE OF MEMBERSHIP  IS
 ON  OR  AFTER  APRIL  FIRST,  TWO THOUSAND TWELVE, the benefit otherwise
 provided pursuant to this paragraph shall be reduced while the member is
 in service to ninety-six per centum of the benefit otherwise payable and
 each year thereafter the benefit payable shall be reduced by  an  amount
 equal  to  four  per  centum  per year of the original benefit otherwise
 payable, but not below sixty per centum of the original  benefit  other-
 wise  payable.  In  the case of a member of the New York city employees'
 retirement system, the New  York  city  board  of  education  retirement
 system or the New York city teachers' retirement system, commencing upon
 attainment  of age sixty-one, the benefit otherwise provided pursuant to
 this paragraph shall be reduced while the member is in service to  nine-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10525-07-2
              

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