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A5095Assembly2009-2010 Session

Allows certain Tiers II and V police officers and firefighters to retire without a reduction due to early retirement upon attainment of age 55

Sponsor Peter AbbateAD-49Affects Finance
Status
In Assembly Committee
Governmental Employees
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Governmental Employees

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Who cares

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Sponsors

Primary sponsor
Peter Abbate

Assembly Member · Assembly District 49

No co-sponsors yet.

History

  1. Print number 5095b
  2. Amend (t) and recommit to governmental employees
  3. Referred to governmental employees
  4. Print number 5095a
  5. Amend (t) and recommit to governmental employees
  6. Referred to governmental employees

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:A5095B

Title of bill

An act to amend the retirement and social security law, in relation to the receipt of full pension benefits for certain Tier II and Tier V police officers and firefighters

Purpose

Allows Tier 2 members of the New York State and Local police and Fire Retirement System to retire prior to age 62, but not earlier than age 55, with thirty or more years of service.

Summary of provisions

Section one amends 442(b) of the Retirement and Social Security Law, by adding that members of the New York State and Local police and Fire Retirement System may retire without reduction of benefits at the age of 55 with thirty or more years of service.

Justification

Current law provides that a member of the New York State and Local Employees' Retirement System or a member of the New York State Teachers' Retirement System may retire without reduction of retirement benefits upon the attainment of at least 55 years of age and completion of thirty or more years of service. This bill would offer members of the New York State Police and Fire Retirement System this same benefit.

Legislative history

01/22/08 Committed to Governmental Employees 6/21/07 Referred to Rules 2006 Passed Senate 2006 Vetoed

Fiscal implications

See Fiscal. Note.

Effective date

This act shall take effect immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.