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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:S5282
Title of bill
An act to amend the retirement and social security law, in relation to the return of member contributions
Purpose
Provides for the return of member contributions of NYC correction officers with less than 15 years of service
Summary of provisions
Section 1 makes amendments to Retirement and Social Security Law section 445-a(7) (a), concerning the participation of NYC correction officers below the rank of captain in the 20-year improved benefit retirement program.
Section 2 amends Retirement and Social Security Law section 445-c(d)(6, concerning participants in the 20-year improved retirement program for NYC corrections officers at the rank of captain or above.
Section 3 amends makes a conforming amendment to Retirement and Social
Security Law section 455-c(d)(11)(ii), Clause (a).
Section 4, 5, and 6 similarly amend Retirement and Social Security Law sections 504-a(e)(8)(ii)(A), 504-b(e)(6), and 504-b(e)(12)(ii) Clause (A), respectively.
Section 7 provides that this bill shall take effect immediately.
Justification
This legislation is designed to provide New York City Correction officers who hold the position of NYC correction officer below the rank of Captain and having served less than 15 years, the ability to gain a refund of contributions previously made to the retirement system for whatever reason other than service retirement or resignation with a vested right to a benefit. These officers who have served the public and risked their lives in the line of duty should not be penalized for accessing benefits they have dutifully earned.
Legislative history
New Bill
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.