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Sponsors
3 Co-sponsors
1 Multi-sponsor
History
- Reported referred to ways and means
- Print number 7973a
- Amend and recommit to governmental employees
- Committed to governmental employees
- Ordered to third reading cal.543
- Returned to assembly
- Died in senate
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.292
- Rules report cal.292
Show 4 earlier actions
- Reported
- Reported referred to rules
- Reported referred to ways and means
- 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.
Decreases the minimum amount of time required before a service retirement may become effective and certain retirees may begin to receive their retirement
In Assembly Committee · Governmental Employees · Sponsor Diane J. Savino
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A7973A
Title of bill
An act to amend the retirement and social security law, in relation to decreasing the minimum amount of time required before a service retirement may become effective and retirees of certain retire- ment systems may begin to receive their retirement
Purpose
Decreases from 30 days to 15 days the minimum amount of time within which a service retirement may take effect for a prospective retiree of the 1\16w York State and Local Employees' Retirement System or the New York State and Local Police and Fire Retirement System.
Summary of provisions
Section 1 of this bill amends subdivision a of section 70 of the retirement and social security law to reduce from 30 days to 15 days the minimum amount of time within which a service retirement may take effect for a prospective retiree who is a member of the New York State and Local Employees' Retirement System.
Section 2 of this bill amends subdivision a of section 370 of the retirement and social security law to reduce from 30 days to 15 days the minimum amount of time within which a service retirement may take effect for a prospective retiree who is a member of the New York State and Local Police and Fire Retirement System.
Section 3 of this bill provides for an immediate effective date.
Justification
In the electronic age we live in, a thirty day waiting period before a service retirement may take effect for a member of the New York State and Local Employees' Retirement System or the New York State and Local Police and Fire Retirement System is unnecessary. The laws governing other retirement systems, such as the New York State Teachers' Retirement System, allow a retirement to become effective on the date the application is filed. By reducing from thirty days to fifteen days the minimum amount of time within which a prospective reti- ree who is a member of the New York State and Local Employees' Retire- ment System or the New York State and Local Police and Fire Retirement System must wait before an application for retirement becomes effective, this bill would help such members who are potentially no longer on the state pay roll receive their pension in a more timely fashion.
The Comptroller urges passage of this legislation.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.