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Sponsors
Senator · Senate District 40
1 Co-sponsor
History
- Referred to civil service and pensions
- Referred to civil service and pensions
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4616
Title of bill
An act to repeal subdivision 10 of section 1000 of the retirement and social security law relating to requiring members of public retirement systems to pay a rate of six percent of annual compensation for military service credit
Purpose
This legislation repeals provisions requiring members of the public retirement systems, who join on or after April 1, 2012 to pay 6% of their salary for military service credit.
Summary of provisions
Section One - Repeals subdivision 10 of section 1000 of the retirement and social security law
Section Two - this act shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2012
Justification
In 2012, the legislature passed legislation that was labeled as pension reform. In this legislation, it required members of the public retirement system who joined on or after April 1, 2012 to pay 6% of their salary for military service credit.
The service men and women who risk their lives on a daily basis, spend years away from their family, and often pay the price of serious injury, deserve respect from the state of New York and its legislators. To lump this egregious proposal in with what is labeled as pension reform was a mistake, and is an insult to our brave service men and women.
This legislation will repeal the 3% increase that members of the public k retirement system who joined on or after April 1, 2012 will have to pay for their military service credit.
Legislative history
New Bill.
Fiscal implications
None
Effective date
This act shall take effect immediately and shall be deemed to have been in full force and effect on and after April 1, 2012.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.