New York Senate Bill 8349 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 18 2020 - 25% progression, died in committee
Action: 2020-05-18 - REFERRED TO CIVIL SERVICE AND PENSIONS
Pending: Senate Civil Service and Pensions Committee
Text: Latest bill text (Introduced) [HTML]

Provides that a member who first joins a public retirement system of the state on or after April first, two thousand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and three percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit; reduces such amount from six percent to three percent.

Provides that a member who first joins a public retirement system of the state on or after April first, two thousand twelve shall pay such retirement system, for deposit in the fund used to accumulate employer contributions, a sum equal to the product of the number of years of military service being claimed and three percent of such member's compensation earned during the twelve months of credited service immediately preceding the date that the member made application for credit; reduces such amount from six percent to three percent.

Sen. John Brooks [D]

Date	Chamber	Action
2020-05-18	Senate	REFERRED TO CIVIL SERVICE AND PENSIONS

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/S8349
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S08349&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08349