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Who cares
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Sponsors
No co-sponsors yet.
History
- Vetoed memo.289
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading rules cal.358
- Substituted for A9851
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 61–1
- Ordered to third reading cal.1787
- Committee discharged and committed to rules
- Referred to civil service and pensions
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to mandatory retirement age
Assembly Floor Calendar · Sponsor Peter Abbate
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 mandatory retirement age
Purpose
This bill would raise the mandatory retirement age from 62 to 65 for certain members of the New York State and Local Police and Fire Retirement System.
Summary of provisions
Section one: Raises the mandatory retirement age from 62 to 65 for members of the New York State and Local Police and Fire Retirement System (PFRS) who are covered under the provisions of Section 384 of the Retirement and Social Security Law. This aforementioned section allows any member of the PFRS to contribute to certain retirement plans contingent upon 25 years of service.
Section two: Effective date.
Justification
This bill would provide the option of participating in the retirement plans outlined in Section 384 of the Retirement and Social Security Law to more police officers and fire fighters. Under current law, if a person chose to become a police officer or fire fighter at any age 38 or above, they would not be able to participate in such retirement plans, as they would reach age 62 before serving for the required 25 years. Under this proposed legislation, a person could choose to become a police officer or fire fighter at any age 40 or below and still have access to these retirement plans. This legislation would remove discouragement based on retirement plans for persons between the ages of 38 and 40, who may be transitioning from other professions and may be fully qualified, from becoming police officers or fire fighters. Persons currently serving as police officers and fire fighters, who would be able to complete 25 years of service with a mandatory retirement age of 65, but not with a mandatory retirement age of 62, would also have new access to these retirement plans.
Legislative history
New Bill
Fiscal implications
If this bill is enacted, there would be additional benefits for certain members who remain unemployed beyond age 62. However, if some members delay retirement due to the enactment of this bill, we would not anticipate that there would be an increase in the annual contributions of the participating employers in the PFRS.
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.