Senate Bill S8788

2023-2024 Legislative Session

Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system

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Sponsored By

Current 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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2023-S8788 (ACTIVE) - Details

See Assembly Version of this Bill:
A9540
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§503, 603 & 604, R & SS L
Versions Introduced in Other Legislative Sessions:
2015-2016: S6936, A9440
2017-2018: S3670, S7704, A3332, A9910
2019-2020: S3659, S7813, A5940, A9910
2021-2022: S5630, A6634

2023-S8788 (ACTIVE) - Summary

Relates to age and service eligibility requirements for ordinary retirement for members of the unified court system; restores 55/30 for all members; reduces the retirement age from 63 to 62.

2023-S8788 (ACTIVE) - Sponsor Memo

2023-S8788 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8788
 
                             I N  S E N A T E
 
                              March 12, 2024
                                ___________
 
 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
   eligibility for retirement benefits for certain members of the unified
   court system
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision a of section 503 of the retirement  and  social
 security  law,  as amended by chapter 18 of the laws of 2012, is amended
 to read as follows:
   a. The normal service retirement benefit  specified  in  section  five
 hundred  four of this article shall be payable to general members, other
 than elective members, who have met  the  minimum  service  requirements
 upon  retirement  and  attainment of age sixty-two, provided, however, a
 general member who is a peace officer  employed  by  the  unified  court
 system  or  a member of a teachers' retirement system may retire without
 reduction of [his or her] SUCH MEMBER'S retirement benefit upon  attain-
 ment  of  at  least  fifty-five years of age and completion of thirty or
 more years of service. For members who become members of  the  New  York
 state  and  local  employees' retirement system on or after April first,
 two thousand twelve, the normal service retirement benefits specified in
 section five hundred four of this article shall be  payable  to  general
 members,  other  than elective members, who have met the minimum service
 requirements upon retirement and attainment of age sixty-three; PROVIDED
 THAT, A MEMBER WHO IS A PEACE OFFICER  EMPLOYED  BY  THE  UNIFIED  COURT
 SYSTEM  MAY RETIRE WITHOUT REDUCTION OF SUCH MEMBER'S RETIREMENT BENEFIT
 UPON ATTAINMENT OF AT LEAST FIFTY-FIVE YEARS OF AGE  AND  COMPLETION  OF
 THIRTY OR MORE YEARS OF SERVICE.
   §  2.  Subdivisions  a  and  a-1  of section 603 of the retirement and
 social security law, subdivision a as amended  and  subdivision  a-1  as
 added by chapter 18 of the laws of 2012, are amended to read as follows:
   a.  The  service  retirement  benefit specified in section six hundred
 four of this article shall be payable to members who have met the  mini-
 mum  service  requirements  upon retirement and attainment of age sixty-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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