Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 06, 2024 |
print number 7480a |
Feb 06, 2024 |
amend and recommit to governmental employees |
Jan 03, 2024 |
referred to governmental employees |
May 24, 2023 |
referred to governmental employees |
Assembly Bill A7480A
2023-2024 Legislative Session
Sponsored By
DARLING
Current 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
2023-A7480 - Details
2023-A7480 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7480 2023-2024 Regular Sessions I N A S S E M B L Y May 24, 2023 ___________ Introduced by M. of A. DARLING -- read once and referred to the Commit- tee on Governmental Employees AN ACT to amend the retirement and social security law, in relation to authorizing the transfer of memberships for certain members of the New York state and local police and fire retirement system to the New York state and local employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 384-d of the retirement and social security law is amended by adding a new subdivision z to read as follows: Z. ANY MEMBER CURRENTLY ENROLLED PURSUANT TO THIS SECTION AND WHO PREVIOUSLY HAD A MEMBERSHIP WITH THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM MAY ELECT TO RETROACTIVELY TRANSFER HIS MEMBERSHIP IN THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM TO THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would allow any active member of the New York State and Local Police and Fire Retirement System (NYSLPFRS) covered by the provisions of section 384-d of the Retirement and Social Security Law (RSSL) and who was previously a member of the New York State and Local Employees' Retirement System (NYSLERS) to retroactively transfer all NYSLPFRS service credit to the NYSLERS. Such transfer would not require employment in any position that would grant membership in the NYSLERS. Resulting plan coverage, as well as the cost of mandatory member contributions, would be based upon date of membership and last reported employment instance in the NYSLERS. Insofar as this bill would affect the New York State and Local Retire- ment System, the cost will depend upon the applicant's age, service, salary, plan, and any benefit type otherwise payable. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11197-02-3 A. 7480 2
2023-A7480A (ACTIVE) - Details
2023-A7480A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7480--A 2023-2024 Regular Sessions I N A S S E M B L Y May 24, 2023 ___________ Introduced by M. of A. DARLING -- read once and referred to the Commit- tee on Governmental Employees -- recommitted to the Committee on Governmental Employees in accordance with Assembly Rule 3, sec. 2 -- 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 authorizing the transfer of memberships for certain members of the New York state and local police and fire retirement system to the New York state and local employees' retirement system THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 384-d of the retirement and social security law is amended by adding a new subdivision z to read as follows: Z. ANY MEMBER CURRENTLY ENROLLED PURSUANT TO THIS SECTION AND WHO PREVIOUSLY HAD A MEMBERSHIP WITH THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM MAY ELECT TO RETROACTIVELY TRANSFER HIS OR HER MEMBER- SHIP IN THE NEW YORK STATE AND LOCAL POLICE AND FIRE RETIREMENT SYSTEM TO THE NEW YORK STATE AND LOCAL EMPLOYEES' RETIREMENT SYSTEM. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: This bill would allow any active member of the New York State and Local Police and Fire Retirement System (NYSLPFRS) covered by the provisions of section 384-d of the Retirement and Social Security Law (RSSL) and who was previously a member of the New York State and Local Employees' Retirement System (NYSLERS) to retroactively transfer all NYSLPFRS service credit to the NYSLERS. Such transfer would not require employment in any position that would grant membership in the NYSLERS. Resulting plan coverage, as well as the cost of mandatory member contributions, would be based upon date of membership and last reported employment instance in the NYSLERS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11197-03-4 A. 7480--A 2
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.