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Who cares
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Sponsors
3 Co-sponsors
1 Multi-sponsor
History
- Enacting clause stricken
- Referred to governmental employees
- Referred to governmental employees
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:A9191
Title of bill
An act to amend the retirement and social security law, in relation to the membership of police officers and firefighters; and creating a task force to examine the benefit structure of all public retirement systems
Purpose
This bill would extend the Tier 2 provisions to all police officers and firefighters who join a public retirement system on or after July 1, 2009 but prior to July 1, 2011 and establish a Task Force.
Summary of provisions
This bill would extend the Tier 2 provisions to all police officers and firefighters who join a public retirement system on or after July 1, 2009 but prior to July 1, 2011 and establish a Task Force to study the cost and alternatives to the current Tier 2. Recommendations shall be completed by January 1, 2009.
Existing law
Current extender expires June 30, 2009.
Justification
Article fourteen of the Retirement and Social Security Law established a uniform retirement plan (Coordinated-Escalator Retirement Plan) for all public employees in New York State and its political subdivisions. However, section 500(c) of that Article provides that if the cost of Coordinated-Escalator Retirement Plan is at least one percent greater than the cost of another plan available on July 1, 1976, then Article Fourteen shall not apply to the N.Y.S.and Local Police and Fire Retirement System. In such event, the provisions of Article Eleven were to continue to be applicable. The effect of the current statutory scheme has been to place police officers and firefighters enrolling in a public retirement system on or after July 31, 1976 under the provisions of Article Eleven. Members who are subject to the provisions of Article Eleven are commonly referred to as "Tier Two" members. These actions were taken to clarify the status of those police officers and firefighters. It is appropriate to extend such Tier 2 status for a period of two years while a Task Force is created to study cost and alternatives.
Legislative history
Ch. 63 of 2007 Veto No.5 of 2009
Fiscal implications
If it is enacted, there would be no resulting additional annual cost to employers of the System. The estimated rates of contribution for the various Tier 2 plans would not increase due to enactment of the bill.
Local fiscal implications
No additional annual cost to employers of the System.
Effective date
This act shall take effect on the thirtieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.