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S7023Senate2015-2016 SessionSame asA9702

Authorizes participating employers in the New York state and local police and fire retirement system offering 20 year retirement plans to offer such plans on a non-contributory basis

Sponsor Catharine YoungSD-57Affects Finance
Status
Vetoed
Impact
Pending
Outcome
Vetoed

Bill progress

Vetoed

What's happening

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Who cares

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Sponsors

Primary sponsor
Catharine Young

Senator · Senate District 57

Chair, Housing, Construction And Community Development

No co-sponsors yet.

History

  1. Vetoed memo.285
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Ordered to third reading rules cal.354
  6. Substituted for A9702
  7. Referred to ways and means
  8. Delivered to assembly
  9. Passed senateVote 62–0
  10. Advanced to third reading
  11. 2nd report cal.
  12. 1st report cal.743
Show 1 earlier action
  1. Referred to civil service and pensions

Companion bill

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend the retirement and social security law, in relation to authorizing participating employers in the New York state and local police and fire retirement system offering an optional twenty year retirement plan for its police officers and firefighters, to offer such plan on a non-contributory basis

Purpose

To permit all police officers and firefighters in NYS the opportunity to be treated equally pursuant to the benefits provided in the Retirement and Social Security Law.

Summary of provisions

Amends the retirement and social security law by adding a new Article 26 to grant police officers and professional firefighters the opportunity to participate in a non-contributory twenty year retirement if their employer so elects.

Justification

In 2009 the legislature passed a new Tier V pension bill for police officers and firefighters hired after January 2010 into the Tier V plan. Those police officers and firefighters hired on or after the effective date of Tier V (January 9, 2010) were placed in a contributory twenty-year retirement plan unless they were subject to a collective bargaining agreement that provided to the contrary. This same protection was not afforded police officers and firefighters working without a collective bargaining agreement.

This bill would afford the same opportunities to such police officers and professional, paid firefighters as those working pursuant to a collective bargaining agreement at the time of the enactment of Tier V. In addition, this bill would allow any participating employer, in the future, to provide a non-contributory twenty year retirement notwithstanding the provisions of Tier V or Tier VI. It should, however, be noted that this additional benefit is not to be considered a mandatory subject of bargaining pursuant to the Taylor Law.

Legislative history

2015: S.3010-Vetoed by Governor 2014: S.7717 Referred to Civil Service & Pensions Committee

Fiscal implications

See fiscal note.

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.