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S4797Senate2009-2010 SessionSame asA7169

Grants additional service credit for members of the New York state and local police and fire retirement system who are absent without pay for child care leaves of absence

Sponsor Diane J. SavinoSD-23Affects Finance
Status
In Senate Committee
Civil Service And Pensions
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Civil Service And Pensions

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Who cares

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Sponsors

Primary sponsor
Diane J. Savino

Senator · Senate District 23

No co-sponsors yet.

History

  1. Referred to civil service and pensions
  2. Referred to civil service and pensions

Companion bill

Full text

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

Sponsor's memo

Title of bill

An act to amend the retirement and social security law, in relation to allowing members of the New York state and local police and fire retirement system to obtain retirement credit for certain periods of child care leave

Purpose

This bill will allow police officers and firefighters to obtain retirement credit for absences due to child care leave.

Summary of provisions

Amends the retirement and social security law by adding a new section 341-a - to allow members of the New York State and Local Police and Fire Retirement System to obtain retirement credit for certain periods of child care leave. Not to exceed one year period of child care leave.

Existing law

Chapter 594 of the Laws of 2000 provided this benefit to members of the New York City Police Department and Chapter 477 of 2005 provided this benefit to corrections members of the New York City Employees Retirement System.

Justification

Members of the New York State and Local Police and Fire Retirement System are permitted by their employers to take leaves of absence for child care. Chapter 594 of the Laws of 2000 provided this benefit to members of the New York City Police Department and Chapter 477 of 2005 provided this benefit to corrections members of the New York City Employees Retirement System. This bill would expand that concept to police officers and firefighters who are members of the State Retirement System.

Legislative history

2008 Session: A.5940 - no significant action 2007 Session: A.5940 - passed Assembly 2006 Session: A.5953/S.4402 - passed Assembly 2005 Session: A.5953/S.4402 - no significant action 2004 Session: A.4830/S.3891 - no significant action 2003 Session: A.4830/S.3891 - no significant action 2002 Session: Vetoed by Governor - Veto Message 29 2001 Session: A.7519 - passed Assembly

Fiscal implications

The number of members who would be affected by this bill cannot be readily determined. If this bill is enacted, there would be a past service cost which would depend upon the number of members affected and upon each member's age, salary, credited service, periods of child care leaves, plan coverage and tier.

It is estimated that the past service cost will average approximately 20% of an affected member's compensation for each year of additional service. However, for an individual member who purchases this additional service credit to enable immediate retirement, the cost could approach 40% of the member's salary for each year of additional service credit that is purchased. The total cost would be shared by the State of New York and all participating employers in the New York State and Local Police and Fire Retirement System.

Effective date

Immediately.

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