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History
- Referred to rules
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.
Increases the amount of money a retiree may earn in a position of public service in the year 2013 and thereafter to $32,500
In Assembly Committee · Governmental Employees · Sponsor Peter Abbate
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7717
Title of bill
An act to amend the retirement and social security law, in relation to increasing the retiree earnings cap
Purpose or general idea of bill
The bill increases the earnings cap placed on public retirees that continue to work in public service. This cap, which was generally given incremental increases on a bi-annual basis since 1996, has not been increased since 2007.
Summary of specific provisions
Amends part 2 of section 212 of the Retirement and Social Security Law.
Justification
This legislation increases the earnings cap placed on public retirees that continue to work in public service. This cap, which was generally given incremental increases on a bi-annual basis since 1996, has not been increased since 2007.
In the current economy, many retirees are being forced to seek new employment to cover general living expenses, increased medical costs for both themselves and their partners and live their final years in dignity.
The earnings cap placed on retirees, which was generally given incremental increases on a bi-annual basis since 1996, has not been increased since 2007. This legislation will increase the cap from $27,500 to $30,000 in 2012 and from $30,000 to $32,500 in 2013.
Prior legislative history
New bill.
Fiscal implications
See Note.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.