NY S07804 | 2011-2012 | General Assembly

Status

June 21 2012 - RECOMMITTED TO RULES
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Relates to the rate of regular interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems; establishes the entry age actuarial cost method of determining employer contributions to such retirement systems; makes contributions to such retirement systems by such public employers and such other obligors; credits special interest and additional interest to members of such retirement systems; allows interest on the funds of such retirement systems; relates to employer contributions to the board of education retirement system of such city.

Tracking Information

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Title

Relates to the rate of regular interest used in the actuarial valuation of liabilities for the purpose of calculating contributions to the New York city employees' retirement system, the New York city teachers' retirement system, the police pension fund, subchapter two, the fire department pension fund, subchapter two and the board of education retirement system of such city by public employers and other obligors required to make employer contributions to such retirement systems; establishes the entry age actuarial cost method of determining employer contributions to such retirement systems; makes contributions to such retirement systems by such public employers and such other obligors; credits special interest and additional interest to members of such retirement systems; allows interest on the funds of such retirement systems; relates to employer contributions to the board of education retirement system of such city.

Sponsors


History

DateChamberAction
2012-06-21SenateRECOMMITTED TO RULES
2012-06-21SenateORDERED TO THIRD READING CAL.1509
2012-06-19SenateREFERRED TO RULES

Same As/Similar To

A10681 (Same As) 2012-06-21 - ordered to third reading rules cal.573

New York State Sources


Bill Comments

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