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History
- Referred to civil service and pensions
- Referred to civil service and pensions
Companion bill
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Relates to retirement plans for sheriffs, undersheriffs, deputy sheriffs or correction officers in counties which elect to provide such plans
In Assembly Committee · Governmental Employees · Sponsor Peter Abbate
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Sponsor's memo
Title of bill
An act to amend the retirement and social security law, in relation to retirement plans for sheriffs, undersheriffs, deputy sheriffs or correction officers
Purpose
To allow an employer who has elected to cover their sheriffs, undersheriffs, deputy sheriffs or correction officers under a plan that provides for retirement upon completion of 25 years of creditable service, to elect to provide an additional benefit of one-sixtieth of final average salary per year of service in excess of 25 years for its participating members. Members would be limited to 15 such additional years of service.
Summary of provisions
The Retirement and Social Security Law is amended by adding a new Section 89-x to grant certain counties the option to elect to provide their sheriffs, undersheriffs, deputy sheriffs or correction officers with an additional retirement allowance.
Justification
Chapter 165 of the Laws of 1995, which created Article 14-B of the Retirement and Social Security Law, was enacted to provide certain sheriffs, undersheriffs and deputy sheriffs retirement benefits similar to those received by police and firefighters throughout the state. Included in Chapter 165 was a provision that allowed employers who opted for the Article 14-B plan to provide an additional benefit of 1/60th of final average salary per year of service in excess of 20 or 25 years. This measure would allow those employers who elected to cover their sheriffs, undersheriffs, deputy sheriffs or correction officers under the provisions of a plan that provides for retirement upon the completion of 25 years of creditable service to elect to provide this 1/60th benefit.
Legislative history
2008: S.7860 - Referred to Civil Service/A.10038 - Reported to Ways & Means 2007: S.4291/A.7212 - Vetoed by Governor (VM32) 2006: S.4414/A.5427 - Vetoed by Governor (VM253) 2005: S.4414 - Referred to Rules/A.5427 - Passed Assembly 2004: A.7871 - Reported to Ways and Means 2003: A.787l - Reported to Ways and Means 2002: S.7243 - Passed Senate/A.10580 - Reported to Ways & Means 2001: S.2538/A.4870 - Vetoed by Governor (VM53) 2000: S.3132/A.5864 - Vetoed by Governor (VM 80) 1999: S.3132 - Senate 3rd Reading Calendar/A.5864 - Passed Assembly 1998: S.6598 - 3rd Reading Calendar/A.9977 - Passed Assembly
Fiscal implications
If this bill is enacted, it is estimated that, as a percentage of pay, there will be an increase in the annual contributions of adopting counties of approximately 0.3% of the affected sheriffs annual salaries for fiscal year ending March 31, 2010. In addition to the increase in annual contributions discussed above, there will be immediate past service costs for counties electing this benefit. These costs would depend upon the current salary, age and length of service of the affected employees and would be borne by the electing counties as one-time payments. We expect the average past salary cost to be approximately 10% of the affected members' salary.
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.