Senate Bill S6526A

2023-2024 Legislative Session

Sets the increase to the overtime ceiling as a fixed percentage

download bill text pdf

Sponsored By

Current 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

Bill Amendments

co-Sponsors

2023-S6526 - Details

See Assembly Version of this Bill:
A7309
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§501 & 601, R & SS L

2023-S6526 - Summary

Sets the increase to the overtime ceiling as a fixed percentage.

2023-S6526 - Sponsor Memo

2023-S6526 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6526
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              April 25, 2023
                                ___________
 
 Introduced  by  Sen. JACKSON -- 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
   setting the increase to the overtime ceiling as a fixed percentage

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision  24  of  section  501  of  the
 retirement  and  social  security  law, as amended by chapter 368 of the
 laws of 2017, is amended to read as follows:
   (c) [(i)] The "overtime ceiling" shall mean fifteen  thousand  dollars
 per  annum on January first, two thousand ten, and shall be increased by
 three percent each year thereafter, provided, however, that [for]:
   (I) FOR members who first become members of the  New  York  state  and
 local employees' retirement system on or after April first, two thousand
 twelve, "overtime ceiling" shall mean fifteen thousand dollars per annum
 on  April  first,  two thousand twelve, and shall be increased each year
 thereafter by a percentage to be determined annually by reference to the
 consumer price index (all urban consumers, CPI-U, U.S. city average, all
 items, 1982-84=100), published by the  United  States  bureau  of  labor
 statistics,  for  each  applicable  calendar year. Said percentage shall
 equal the annual inflation  as  determined  from  the  increase  in  the
 consumer price index in the one year period ending on the December thir-
 ty-first  preceding  the  overtime  ceiling  adjustment effective on the
 ensuing April first.
   (ii) Commencing January first, two thousand eighteen,  and  each  year
 thereafter,  the  overtime  ceiling  percentage shall be increased by an
 amount equal to the annual inflation as determined from the increase  in
 the  consumer price index in the one year period ending on the September
 thirtieth prior to the overtime  ceiling  adjustment  effective  on  the
 ensuing January first.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03497-04-3
 S. 6526                             2
              

co-Sponsors

2023-S6526A (ACTIVE) - Details

See Assembly Version of this Bill:
A7309
Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§501 & 601, R & SS L

2023-S6526A (ACTIVE) - Summary

Sets the increase to the overtime ceiling as a fixed percentage.

2023-S6526A (ACTIVE) - Sponsor Memo

2023-S6526A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  6526--A
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              April 25, 2023
                                ___________
 
 Introduced  by Sens. JACKSON, CHU -- read twice and ordered printed, and
   when printed to be committed to the Committee  on  Civil  Service  and
   Pensions -- 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 commit-
   tee
 
 AN ACT to amend the retirement and social security law, in  relation  to
   setting the increase to the overtime ceiling as a fixed percentage
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (c) of subdivision  24  of  section  501  of  the
 retirement  and  social  security  law, as amended by chapter 368 of the
 laws of 2017, is amended to read as follows:
   (c) [(i)] The "overtime ceiling" shall mean fifteen  thousand  dollars
 per  annum on January first, two thousand ten, and shall be increased by
 three percent each year thereafter, provided, however, that [for]:
   (I) FOR members who first become members of the  New  York  state  and
 local employees' retirement system on or after April first, two thousand
 twelve, "overtime ceiling" shall mean fifteen thousand dollars per annum
 on  April  first,  two thousand twelve, and shall be increased each year
 thereafter by a percentage to be determined annually by reference to the
 consumer price index (all urban consumers, CPI-U, U.S. city average, all
 items, 1982-84=100), published by the  United  States  bureau  of  labor
 statistics,  for  each  applicable  calendar year. Said percentage shall
 equal the annual inflation  as  determined  from  the  increase  in  the
 consumer price index in the one year period ending on the December thir-
 ty-first  preceding  the  overtime  ceiling  adjustment effective on the
 ensuing April first.
   (ii) Commencing January first, two thousand eighteen,  and  each  year
 thereafter,  the  overtime  ceiling  percentage shall be increased by an
 amount equal to the annual inflation as determined from the increase  in
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03497-09-4
              

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.