What's happening
Writing a plain-English summary… Track this bill to get it by email.
Why it matters
Albany, before your first meeting.
Every bill that moved yesterday, summarized in a sentence and ranked by impact. The Albany Scorecard follows on Sundays.
Free. Unsubscribe in one click. Want alerts on specific bills? Create an account.
Who cares
Headline styles
Sponsors
3 Co-sponsors
History
- Referred to governmental employees
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Allows qualifying members of the New York city employees' retirement system employed by NYC OTB to file for retirement with the NYCERS board of trustees
In Senate Committee · Rules · Sponsor John L. Sampson
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A10035
Title of bill
An act relating to retirement options for certain members of the New York city employees' retirement system
Purpose Or General Idea Of Bill: The purpose of this bill is to modify retirement application filing requirements for present employees of the off-track betting corporation who are members of the New York City employees' retirement system.
Summary Of Specific Provisions: This bill would allow an individual who, as of the effective date, is both an employee of the off-track betting corporation established by article VI of the racing, pari-mutuel wagering and breeding law and a member of the New York city employees' retirement system to file a written application for retirement up to the day before the effective date of the retirement.
Justification: The bankruptcy and potential closure of the New York City Off-Track Betting (NYC OTB) corporation has threatened the layoff of hundreds of employees, many of whom are presently eligible for retirement. Some of these employees are members of a retirement tier that requires a 30-day filing period to apply for retirement benefits. The modification of the application filing requirement is intended to provide relief to affected employees while pending NYC OTB solvency issues are resolved.
Prior Legislative History: New bill.
Fiscal implications For State And Local Governments: None.
Effective Date: March 1, 2010.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.