Provides for application to be made for supplemental military retirement allowance by certain members of public retirement systems

Title of bill

An act to amend the retirement and social security law, the education law and the administrative code of the city of New York, in relation to supplemental military retirement allowances for members of public retirement systems of the state

Purpose

This bill would provide veterans who have retired from public service in the state with a veterans pension benefit similar to that which active veteran public employees are entitled to receive.

Summary of provisions

Section 1 amends section 304 of the military law to specifically include the minor dependent of a military member as possessing the same rights their parent or guardian possesses in terms of staying judicial proceedings.

Justification

This bill would:

* Provide that a member of a public retirement system of the State who retired prior to December 21, 1998 may make application to the retirement system for a supplemental military allowance; * Apply to persons who meet the eligibility requirements of the veteran's service credit buy back law; * Provide a supplemental military allowance equal to month of military service of such person, to a maximum of 36 months; * Provide that the supplemental military allowance shall apply to the first $15,000, prior to optional modification, of the retired person; * Require the application for the supplemental military allowance be made no later than December 31, 2005.

Legislative history

01/04/06 REFERRED TO CIVIL SERVICE AND PENSIONS

Fiscal implications

See Fiscal Note included in bill text.

Effective date

This act shall take effect immediately.