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- Referred to veterans, homeland security and military affairs
Full text
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Sponsor's memo
BILL NUMBER:S6400
Title of bill
An act to amend the retirement and social security law, in relation to allowing military service credit for retirement for all honorably discharged veterans
Purpose or general idea of bill
The bill would allow military service credit for retirement to all honorably discharged veterans.
Summary of specific provisions
This bill would permit all active members of a public retirement system, who have earned an honorable discharge, to purchase service credit not to exceed three years for their military service; require the persons claiming military credit to pay 3% of the person's compensation earned in the 12 months immediately preceding an application for such credit for each year of military service credit claimed and permit the payment to be made over a period of time equal to the amount of service credit claimed.
Justification
The citizens of our state owe a debt of gratitude to all people who actively served in the military and were ready at any time to serve in combat if called upon. This bill eliminates the distinction between those who actually served and those who were ready to serve. This bill recognizes the importance of active military service to keep our country always in the position to enter into combat if necessary. This bill says thanks to the military service people who took the time out of their careers to train and be there if ever our country was called upon to defend our precious freedom or to be there for other countries in pursuit of their freedom.
Currently only a person who served in the military during military conflicts is able to purchase service credit in the public retirement systems of the state for his/her period of military service not exceed three years at a rate of 3% per year as outlined in Chapter 548 of the Laws of 2000.
Prior legislative history
S3689: Referred to Civil Service and Pensions S4076A: 04/09/09 Referred to Civil Service and Pensions 05/20/09 Amend and Recommit to Civil Service and Pensions 05/20/09 Print Number 4076A 01/06/10 Referred to Civil Service and Pensions
Fiscal implications for state and local governments
To be determined.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.