Provides equal retirement benefits for certain persons who have been appointed to certain titles in the department of corrections and community supervision

Title of bill

An act to amend the retirement and social security law, in relation to providing equal retirement benefits for persons who have been appointed to the title of correction lieutenant, correction captain, deputy assistant superintendent or superintendent in the department of corrections and community supervision

Purpose

To provide equal retirement benefits for all who have been appointed the title of correction lieutenant, correction captain, deputy assistant superintendent, or superintendent in the department of corrections and community supervision.

Summary of provisions

Section one of the bill amends subparagraph (b) of paragraph 2 of subdivision a of section 600 of the Retirement and Social Security Law by adding new clauses (iii) and (iv). Addition of the new clauses would have the effect of allowing the identified personnel to elect the preferred retirement plan. Provides such applicable personnel to elect to become a member of such retirement within ninety days of appointment or within the ninety days of the bill becoming law.

Section two sets forth the effective date.

Justification

Allowing certain Tier 3,5 and 6 correction lieutenants, captains, deputy assistant superintendents and superintendents to become eligible to receive benefits under Article 15 of the retirement and social security law, would establish parity with those non-uniformed personnel who are currently able to receive the preferred retirement benefit.

Legislative history

2014-15: 5.1968 Referred to Civil Service and Pensions 2013-14: S.3758-A/A.8933 Referred to Civil Service and Pensions/Referred to Governmental Employees

Fiscal implications

Approximately $50.6 million in past service costs for members currently in these titles would be borne by the State of New York as a one-time payment.

Effective date

Immediately.