Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 20, 2024 |
print number 6560a |
Mar 20, 2024 |
amend and recommit to civil service and pensions |
Jan 03, 2024 |
referred to civil service and pensions |
Apr 26, 2023 |
referred to civil service and pensions |
Senate Bill S6560A
2023-2024 Legislative Session
Sponsored By
(D, WF) 31st Senate District
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
Actions
Bill Amendments
2023-S6560 - Details
- See Assembly Version of this Bill:
- A6862
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §13-194, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S6135
2021-2022: S6983
2023-S6560 - Sponsor Memo
BILL NUMBER: S6560 SPONSOR: JACKSON TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to increasing benefits payable by the correction officers' variable supplements fund to beneficiaries PURPOSE: To allow uniformed correction officers to collect variable supplement fund payments from the date of their earliest eligibility for service retirement. SUMMARY OF PROVISIONS: Section 1 adds a new subdivision 12 to Section 13-194 of the Administra- tive Code of the City of New York to provide that upon retirement uniformed correction officers may receive variable supplements payments that he or she would have received had he or she retired on the date of his or her earliest eligibility for service retirement.
2023-S6560 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6560 2023-2024 Regular Sessions I N S E N A T E April 26, 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 administrative code of the city of New York, in relation to increasing benefits payable by the correction officers' variable supplements fund to beneficiaries THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 13-194 of the administrative code of the city of New York is amended by adding a new subdivision 12 to read as follows: 12. IN ADDITION TO THE PAYMENTS SET FORTH IN PARAGRAPHS (C) AND (D) OF SUBDIVISION FOUR OF THIS SECTION, THERE SHALL BE PAID TO EACH BENEFICI- ARY ON OR ABOUT THE DECEMBER FIFTEENTH NEXT SUCCEEDING HIS OR HER DATE OF RETIREMENT, AN AMOUNT EQUAL TO THE VARIABLE SUPPLEMENTS PAYMENTS, SUBJECT TO THE PROVISIONS OF ITEMS (I) AND (II) OF SUBPARAGRAPH ONE OF PARAGRAPH (E) OF SUBDIVISION FOUR OF THIS SECTION, THAT HE OR SHE WOULD HAVE RECEIVED, HAD HE OR SHE RETIRED ON THE DATE OF HIS OR HER EARLIEST ELIGIBILITY FOR SERVICE RETIREMENT, IN THE PERIOD MEASURED FROM (1) THE LATER OF (I) SUCH EARLIEST ELIGIBILITY DATE AND (II) JANUARY FIRST, TWO THOUSAND TWENTY-FOUR AND (2) HIS OR HER DATE OF RETIREMENT. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: SUMMARY OF BILL: This bill provides certain New York City Employees' Retirement System (NYCERS) Correction officers a lump sum benefit upon retirement, commonly referred to as a Deferred Retirement Option Plan (DROP), equal to the amount of Correction Officer Variable Supplements Fund (COVSF) payments such officer would have received if he or she had retired at the later of their respective earliest service retirement eligibility date or January 1, 2024. Effective Date: Upon enactment. BACKGROUND: Correction officers who participate in NYCERS and who retire with immediate payability of a service retirement at their earli- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08663-02-3
2023-S6560A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6862
- Current Committee:
- Senate Civil Service And Pensions
- Law Section:
- New York City Administrative Code
- Laws Affected:
- Amd §13-194, NYC Ad Cd
- Versions Introduced in Other Legislative Sessions:
-
2019-2020:
S6135
2021-2022: S6983
2023-S6560A (ACTIVE) - Sponsor Memo
BILL NUMBER: S6560A SPONSOR: JACKSON TITLE OF BILL: An act to amend the administrative code of the city of New York, in relation to increasing benefits payable by the correction officers' variable supplements fund to beneficiaries PURPOSE: To allow uniformed correction officers to collect variable supplement fund payments from the date of their earliest eligibility for service retirement. SUMMARY OF PROVISIONS: Section 1 adds a new subdivision 12 to Section 13-194 of the Administra- tive Code of the City of New York to provide that upon retirement uniformed correction officers may receive variable supplements payments that he or she would have received had he or she retired on the date of his or her earliest eligibility for service retirement.
2023-S6560A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6560--A 2023-2024 Regular Sessions I N S E N A T E April 26, 2023 ___________ Introduced by Sen. JACKSON -- 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 administrative code of the city of New York, in relation to increasing benefits payable by the correction officers' variable supplements fund to beneficiaries THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 13-194 of the administrative code of the city of New York is amended by adding a new subdivision 12 to read as follows: 12. IN ADDITION TO THE PAYMENTS SET FORTH IN PARAGRAPHS (C) AND (D) OF SUBDIVISION FOUR OF THIS SECTION, THERE SHALL BE PAID TO EACH BENEFICI- ARY ON OR ABOUT THE DECEMBER FIFTEENTH NEXT SUCCEEDING HIS OR HER DATE OF RETIREMENT, AN AMOUNT EQUAL TO THE VARIABLE SUPPLEMENTS PAYMENTS, SUBJECT TO THE PROVISIONS OF ITEMS (I) AND (II) OF SUBPARAGRAPH ONE OF PARAGRAPH (E) OF SUBDIVISION FOUR OF THIS SECTION, THAT HE OR SHE WOULD HAVE RECEIVED, HAD HE OR SHE RETIRED ON THE DATE OF HIS OR HER EARLIEST ELIGIBILITY FOR SERVICE RETIREMENT, IN THE PERIOD MEASURED FROM (1) THE LATER OF (I) SUCH EARLIEST ELIGIBILITY DATE AND (II) JANUARY FIRST, TWO THOUSAND TWENTY-FOUR AND (2) HIS OR HER DATE OF RETIREMENT. § 2. This act shall take effect immediately. FISCAL NOTE.--Pursuant to Legislative Law, Section 50: SUMMARY: This proposed legislation would provide certain NYCERS Correction officers a lump sum benefit upon retirement, commonly referred to as a Deferred Retirement Option Plan (DROP), equal to the amount of Correction Officer Variable Supplements Fund (COVSF) payments such officer would have received if he or she had retired at the later EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08663-04-4 S. 6560--A 2
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