Senate Bill S8801

2023-2024 Legislative Session

Relates to certain retirement benefits of sheriffs, undersheriffs, deputy sheriffs and correction officers

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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

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Bill Amendments

co-Sponsors

2023-S8801 - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§89-p & 604, R & SS L

2023-S8801 - Summary

Provides that a member with credited service in excess of twenty-five years shall receive an additional retirement allowance equal to one-sixtieth of such member's final average salary for each year of creditable service in excess of twenty-five years; makes related provisions.

2023-S8801 - Sponsor Memo

2023-S8801 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8801
 
                             I N  S E N A T E
 
                              March 13, 2024
                                ___________
 
 Introduced  by Sen. GALLIVAN -- 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
   certain  benefits  of  sheriffs,  undersheriffs,  deputy  sheriffs and
   correction officers with credited service  of  more  than  twenty-five
   years

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision c of section 89-p of the retirement and  social
 security law, as added by chapter 725 of the laws of 1994, is amended to
 read as follows:
   c.  Upon  completion  of  twenty-five  years  of such service and upon
 retirement, each such member shall receive  a  pension  which,  together
 with  an  annuity  which shall be the actuarial equivalent of [his] SUCH
 MEMBER'S accumulated contributions at the time of  [his]  SUCH  MEMBER'S
 retirement  and  an additional pension which is the actuarial equivalent
 of the reserved-for-increased-take-home-pay to which  [he]  SUCH  MEMBER
 may  then  be  entitled shall be sufficient to provide [him] SUCH MEMBER
 with a retirement allowance equal to one-half  of  [his]  SUCH  MEMBER'S
 final  average  salary,  PROVIDED  HOWEVER  THAT  A MEMBER WITH CREDITED
 SERVICE IN EXCESS OF  TWENTY-FIVE  YEARS  SHALL  RECEIVE  AN  ADDITIONAL
 RETIREMENT  ALLOWANCE EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVER-
 AGE SALARY FOR EACH YEAR OF CREDITABLE SERVICE IN EXCESS OF  TWENTY-FIVE
 YEARS,  PROVIDED,  HOWEVER  THAT  THE  PENSION  PAYABLE PURSUANT TO THIS
 SECTION SHALL NOT EXCEED THREE-QUARTERS OF SUCH MEMBER'S  FINAL  AVERAGE
 SALARY.
   § 2. Subdivision m of section 604 of the retirement and social securi-
 ty  law, as added by chapter 725 of the laws of 1994, is amended to read
 as follows:
   m. The early service retirement benefit for a member who  is  employed
 in  a  county  that  makes the election provided for in subdivision j of
 section eighty-nine-p of this chapter as a sheriff, undersheriff, deputy
 sheriff or correction officer as defined  in  section  eighty-nine-p  of
 this  chapter  shall be a pension equal to one-fiftieth of final average
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

co-Sponsors

2023-S8801A (ACTIVE) - Details

Current Committee:
Senate Civil Service And Pensions
Law Section:
Retirement and Social Security Law
Laws Affected:
Amd §§89-p & 604, R & SS L

2023-S8801A (ACTIVE) - Summary

Provides that a member with credited service in excess of twenty-five years shall receive an additional retirement allowance equal to one-sixtieth of such member's final average salary for each year of creditable service in excess of twenty-five years; makes related provisions.

2023-S8801A (ACTIVE) - Sponsor Memo

2023-S8801A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8801--A
 
                             I N  S E N A T E
 
                              March 13, 2024
                                ___________
 
 Introduced by Sens. GALLIVAN, BORRELLO, GRIFFO, HELMING, RHOADS, WEIK --
   read  twice  and  ordered printed, and when printed to be committed to
   the Committee on Civil Service and Pensions --  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
   certain  benefits  of  sheriffs,  undersheriffs,  deputy  sheriffs and
   correction officers with credited service  of  more  than  twenty-five
   years
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision c of section 89-p of the retirement and  social
 security law, as added by chapter 725 of the laws of 1994, is amended to
 read as follows:
   c.  Upon  completion  of  twenty-five  years  of such service and upon
 retirement, each such member shall receive  a  pension  which,  together
 with  an  annuity  which shall be the actuarial equivalent of [his] SUCH
 MEMBER'S accumulated contributions at the time of  [his]  SUCH  MEMBER'S
 retirement  and  an additional pension which is the actuarial equivalent
 of the reserved-for-increased-take-home-pay to which  [he]  SUCH  MEMBER
 may  then  be  entitled shall be sufficient to provide [him] SUCH MEMBER
 with a retirement allowance equal to one-half  of  [his]  SUCH  MEMBER'S
 final  average  salary,  PROVIDED  HOWEVER  THAT  A MEMBER WITH CREDITED
 SERVICE IN EXCESS OF  TWENTY-FIVE  YEARS  SHALL  RECEIVE  AN  ADDITIONAL
 RETIREMENT  ALLOWANCE EQUAL TO ONE-SIXTIETH OF SUCH MEMBER'S FINAL AVER-
 AGE SALARY FOR EACH YEAR OF CREDITABLE SERVICE IN EXCESS OF  TWENTY-FIVE
 YEARS,  PROVIDED,  HOWEVER  THAT  THE  PENSION  PAYABLE PURSUANT TO THIS
 SECTION SHALL NOT EXCEED THREE-QUARTERS OF SUCH MEMBER'S  FINAL  AVERAGE
 SALARY.
   § 2. Subdivision m of section 604 of the retirement and social securi-
 ty  law, as added by chapter 725 of the laws of 1994, is amended to read
 as follows:
   m. The early service retirement benefit for a member who  is  employed
 in  a  county  that  makes the election provided for in subdivision j of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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